This course is an introduction to the stock market and stock investing for novices and experienced investors alike. Professor DeGennaro uses simple analogies to explain the origin of stocks and other securities, as well as their relative risks. He stresses the danger of trying to beat the market by trying to pick winners, predict price trends, or otherwise find opportunities that other investors have missed. Far better, he counsels, to own a well-diversified portfolio of individual stocks or stock funds, which tend to grow as the economy grows. He offers detailed guidance on how to pursue this course.
Among the topics covered in these 18 lectures are how to open a brokerage account and choose a financial advisor; the essentials of mutual funds, including index funds, and exchange traded funds (ETFs); how to trade individual stocks, including how to use options; the relative advantages of traditional IRAs, Roth IRAs, and 401(k) plans; how to minimize transaction costs and use tax laws for your benefit; the dangers of frequent trading; and the basics of corporate balance sheets, income statements, and cash flow statements.
For anyone who owns stocks or is thinking of entering the market, this course provides indispensable advice. If you entrust the management of your assets to a financial advisor, this course will give you the background you need to communicate more knowledgeably with him or her and be an informed participant in your own financial well-being.
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Bad analogies and useless anecdotes
Bad analogies and useless anecdotes made this lecture series feel like it was trying to fill time. Since it was already one of the shorter Great Courses lectures, I felt myself getting irritated every time the narrator went off on some long tangent that added nothing to my understanding of the subject material. In the end, I felt as though I learned little more than I had picked up by talking to the investment adviser at my bank that handles my IRA. I think the first half of the course is intended for people with absolutely no understanding of business or investing.
Yes. This is my 6th Great Courses purchase, and it is the only one so far that I found unsatisfying.
Since the narrator is the professor that actually teaches the course, I don't think a narrator change could help.
I would cut the useless analogies and anecdotes, such as (paraphrasing):
Some people think it's unfair to factor in the performance of the stock market during its early years when calculating the average market returns. If you wanted to determine your average weight, you wouldn't start from the day you were born. (A couple more minutes of different methods you could use to measure your average weight.) ...And so using the average returns over the life of the market may not be the best way of measuring current performance.
I had a student who was bored in class. When I asked him what he did for a living, he said he flew jets off an aircraft carrier. (A couple of minutes of describing whats involved in flying jets off an aircraft carrier.) ...So I'm willing to bet that he would be more comfortable with a higher risk portfolio than some of my other more conservative students.
Too much filler material, and very little useful advice. I'll admit that SOME of the advice and insight the professor offered was very helpful, but overall the course felt diluted and, at times, condescending. For example, he explains how a corporation works by describing them as "a bag of goodies." It certainly didn't feel like a college level course, and I thought the material was pretty elementary even for laypersons.
- Eric Dudeck
The production quality is so low. I don't normally complain, but it really is poorly done. Why have a professional voice actor be so annoying.
Fired this guy
I only gave it 3 stars becuase i want audible to still rocommend books about stocks.