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Monday, 23 March 2020

Personal investment?

Keven Woodington: Take classes in finances. Accounting will teach you a little about investing but not much. You will be able to understand a company's financial reports better.

Julieta Suleiman: Screw the accounting crap. I hate it when people offer that because it truly yields NOTHING. You want to look at Macroeconomics and then Microeconomics. Then look into some of the market specific finance classes. Each University/College calls these classes by different names, but Finance 101 and 102 are generally the numerical indicators.Accounting is not needed to read balance sheets or cash flow statements. BUT a strong understanding of Economics and Finance definitely helps. Look at the first two I recommended, as they are paramount for successfully executing a strong Fundamental Analysis of a stock/company....Show more

Loriann Carrigan: You really don't need a class as there are a number of good books available on investing, such as "Investing For Dummies"! which is fun and easy to read.

Somer Distilo: It really depends on what your school offers. Realistically if you take a finance class it probably won't be a ton of help with your personal portfolio (unless you have a substantial one) as the analysis tools are often overly complex. However, if you school has a personal finance class - you should absolutely take it.As far as accounting classes go (and I am an accountant) taking the introductory Accounting 101 (or equivalent) is a very good idea, you'll learn a lot about how companies put together their financial statements, which is a necessity if you are going to invest....Show more

Lon Pennington: If they have a personal investment course, then I would recommend that. If that isn't offered, try a fundamentals of finance course. Even if it is corporate finance, it would still provide some useful information. I took all of them.

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