I just finished reading ~3,700 pages of the CFA curriculum level 1. I highly recommend buying the CFA books (even if you're not planning to take the exam) to anyone passionate about investing. It gave me detailed information about how equities, fixed income, derivatives and forex work. I've also learned how to do fundamental/technical analysis, hedge a portfolio, estimate risk, interpret economical data and much more.
That being said, the CFA books made me also realize that, even though active trading is much more fun than buying an ETF, it requires several hours of research, staying up to date with the news, reading corporate financial data and following economical indicators. Also, by becoming an active trader I'll be competing with teams of PhDs in economics, mathematics and physics that have been in the game for many years.
Therefore, as the clickbait title suggests, my conclusion is that I'll buy an extremely boring MSCI ACWI index and stick to my IT job ;-)
Submitted October 10, 2017 at 07:11AM by vicious_trader http://ift.tt/2ycJpRN
