A thought came to my mind when I was travelling on the bus this morning, “how long did I took to learn investing?”
Recently a few of my friends asked me to teach them how to invest. Of course, if I am able to help my friends to kick start their investment journey, i will definitely be most happy to share with them my knowledge and experiences. However, I feel that even if i am able to share everything with them, the most important thing is for them to be responsible for their own learning. Investing is very personal. I can pour out all the things that I have learnt over the past few years but they wouldn’t become an investor in just a few days.
If I have to answer “how long does it take to learn investing?”, I would say around two to three years. And during this 2-3 years, you have to switch on your ultimate growth mindset. Read consistently (pick those recommended in my reading list), speak to experienced investors and learn from them, make good use of your free time.
In these few years, you will get to know yourself better. The level of volatility that you are able to stomach, how concentrated you want your portfolio to be, the quality of companies that you seek for… These are a few questions that can only be answered by yourself after you have experienced the ups and downs of investing.
Form your own style of investing, you can mimic the way how successful investors make decisions but you do not need to mimic their portfolio. Everybody’s circle of competence is different, thus the level of conviction for the companies is subjective to every individual.
It has been three years since I started the ‘value investing’ way and I have to say that there is still so much left out there for me to learn. I have barely scratched the surface of the art of investing. It will probably take me another ten years for me to be truly confident in every investing decision that i make.