As last week’s task of going beyond the simple Google search of “How to start investing” proved to be a bit easier than expected, I was slightly worried for this week’s challenge. I wondered just how much lingo I had to learn and if the information was even written in layman’s terms for users like myself (with little to no investment knowledge) to clearly understand.
Once I logged in and began exploring the website, I found myself spending the first couple of minutes familiarizing myself with its layout, features, and offerings. However, I quickly stopped fooling myself in believing that I knew how to read the numbers from the stock listing or even analyze the market visualizer. I had to start learning the basics before I did anything else.
Aware of the fact that some of its users may have no previous knowledge or background with the stock market, SprinkleBit offers a free online university. With 32 chapters of information that serve to answer questions such as “How do I invest?” and “What are bonds?”, SprinkleBit University has a significant purpose. Its primary goal is to have the user “master the basics. [To] invest with confidence in less than a month, guaranteed.”
After completing the reading for all the chapters and taking the interactive quizzes, I was much more informed about the stock market. I was able to take initiative and learn important definitions of words like bonds and mutual funds as well as get detailed answers informing me why I wanted to invest in the first place.
Success Or Failure?
My goal for this week was to thoroughly read all chapters and take the quizzes offered through SprinkleBit University. When setting this goal, I did not realize just how much material there was to cover yet alone how little. It may have taken longer to read all the chapters because of my lack of knowledge in the topic at hand, but nonetheless a novice investor like myself got through it and so can you!
I have no doubt that the information that I learned would greatly help me to understand what will go on in my goal for next week: start following an investor’s stocks and trades. Information such as when I should buy and sell a stock would prove to be critical in the actions that I would be taking as soon as I am done familiarizing myself with the other features SprinkleBit has to offer.