Interesting read from the SEC on their financial literacy study. After reading this and reviewing the study it got me thinking about when I got my first dose of investor education. The answer came very quickly for me. It was when I was twelve and my grandmother decided it was time to let me look at the other side of the newspaper…the one she was reading that had helped her and my grandfather make money buying and selling stocks.
I got a good teaching that day. There was no Internet involved. We didn’t have the benefit of breaking news delivered to a handheld device. Nope, I learned how to read stock from the black and white news print that day. I was taught how to watch for trends and traps. I learned there are good days, great days and pretty bad days. I walked away from that day a bit confused, but also amazed at what I was just taught. The main learning point was that there is an art and strategy to doing all this and that you have to learn the art before you can master the strategy.
From that day forward I got to look at the other side of the newspaper and I haven’t looked back since.
When did you get your first dose of investor education?