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Investing Map: from first fund to factor investing
Four courses, 26 stages, from your first index fund to capital allocation and factor investing. Start at your gaps, get the best-rated book, guide or research summary for each step, check what stuck with short spaced reviews, and build your own written investment plan as you go.
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General information about investing research, not personalised financial advice. Calculators are illustrations. Ratings come from what readers report, as on our goal pages.
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What's in each course
Course 1 · Level 1 · Beginner: Start investing
- Understand why and how investing works (4 tasks)
- Get your finances ready (4 tasks)
- Make your first investments (6 tasks)
- Stay the course (5 tasks)
- Avoid costly mistakes (4 tasks)
- Keep it going for life (5 tasks)
Course 2 · Level 2 · Intermediate: Build and run a portfolio
- Choose your stock/bond mix (4 tasks)
- Understand bonds and cash (4 tasks)
- Diversify globally (3 tasks)
- Build the portfolio (4 tasks)
- Run it over time (4 tasks)
- Property and other assets (3 tasks)
- Stock-analysis basics (3 tasks)
Course 3 · Level 3 · Advanced: Allocate capital
- Estimate expected returns (4 tasks)
- Decide how much risk to take (4 tasks)
- Size and concentrate positions (3 tasks)
- Use (or avoid) leverage (3 tasks)
- Value a business (5 tasks)
- Read capital and market cycles (2 tasks)
- Set a spending rule (3 tasks)
Course 4 · Level 4 · Expert: Factor, quant and alternatives
- Understand the factor evidence (4 tasks)
- Put factors to work (5 tasks)
- Quantitative and rules-based strategies (4 tasks)
- Alternatives and private markets (4 tasks)
- Hedging and tail risk (3 tasks)
- Expected returns (2 tasks)