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.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
©2014 The Great Courses (P)2014 The Teaching Company, LLC
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"Must read for everyone outside of the industry"
This book breaks down the structure of the stock market, dispels most of the myths and traps, and gives you a solid recommendation on how to manage your own stock portfolio.
Specifically this book does an amazing job discussing how money managers try to tell you they've beat the market average and so you should bring your business to them. Very few people, if any, have beaten the market consecutively over any larger span of time. Your best bet is an index fund and to avoid fees and transactional charges.
He is very enthusiastic and knows the material so well it just flows out of him. It's very easy to follow him and it gave me a ton of confidence and ability to shut out all the noise of the industry.
Like I said this book should be a mandatory read for every graduating high school kid and should absolutely be on your reading list.
"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.
"Good Info Ringed with Opinions"
In between telling you how the stock market works, he spends quite a lot of energy trying to convince you it is fair, needs deregulation, and a host of other opinions with loose definitions. Other than that, it was a great resource for learning how it all works. And even a bonus about how you might want to invest as a casual.
"Don't buy Real Estate?? Really?"
All good stuff. Learned a lot but PLEASE ignore this guy when he advises against real estate. He's the only author out of dozens that I've heard advise against it. He must have had a bad experience.
"Terrific synthesis and grounding"
I have been reading and dabbling in the stock market for years, so I "knew" most of this. What was great was having it all cohesively presented.
"Hardly worth my time"
I had thought this might be interesting, and that I'd brush up on my Wall Street knowledge ... Not so much. Disappointed on both counts.
This course was for novices, 90% was well beneath the level of what I already know, especially after the last few economics, personal finance, and banking lecture series I've listened to in the last year or so.
There were a few useful tidbits such as investment strategy advice, but not a lot outside of common sense given a basic understanding of the given investment. I almost felt like the prof was talking down to me, being a little patronizing with his "see, isn't this easy?" way of presenting.
All in all, not bad, but not for me. So redundant of content in other classes in this course series, and definitely nothing to grab my attention.
"Great overview on how the stock market works"
I've been investing for over 25 years. This is a great course on how the markets and investing works.
"Exactly what I was looking for"
Before listening to this program I had very little, knowledge of the stock market. This course has taught me not only how the stock markets works but also how I should invest my money in order to get biggest bang for my buck. I would highly recommend.
"Terrific Stock Market 101"
If you're like me and have "played" around the edges of the U.S. Stock Market for years without understanding its basics, this very easy to comprehend audiocast is for you! I will listen repeatedly for sure!
I thought the book was great it provided a very simple explanation as to how the stock market works and to be helpful to invest in it as well.
The course starts off with the basics, explaining what a share is with easy to follow examples. Each lesson builds on concepts introduced in previous lessons, you are introduced to concepts like Options trading, mutual funds, etf and more. The only lesson not completely relevant to uk listeners is the one about US tax free saving accounts, but some of the principles there are still valid with the UK's ISA accounts.
Anyone interested in investing in the stock market should learn all the concepts in this course, and I think this course is one of the best way to learn the basics about them.
"Good introduction to the principles, but USA bias"
No. I found the canned applause at the beginning and end of each lecture irritating and unnecessary. A star removed for this. Forced to listen in order, which was useful, but with print could read in different order or even skip a chapter. Graphs and visual reinforcement would have been better to illustrate or enhance points made.
No characters, but favourite concept was not wasting investment money on high degree of churn (dealing charges) in portfolio.
No. It also encourages listener to digest and think about the content of each lecture.
Is geared to the USA audience so section on tax is not relevant outside USA and these and legal considerations may go out of date very quickly. There are still some fundamental and general concepts worth knowing and employing.
"Hard to Imagine a more Engaging Introduction"
As usual with The Great Courses, the delivery is by a talented professor of the topic with particular talent and enthusiasm for the subject. This is the essence of the series and anyone who's ever heard one will tell you the same.
As always The Great Courses, get the right people to turn potential tedium into a valuable learning experience.
This is no different, and given the subject matter, it's uncannily accessible though perhaps as it's at a fairly moderate - though suitable - level of detail.
The subject matter is fairly unemotional, of course, but well connected to the human aspect in order to better aid the listener's understanding so they can relate to it and engage with the topic, a skill Professors hone over many years - even if sometimes it comes across a little patronising from time to time, it would be worse to resort to simple regurgitation of facts, and after there's a huge human element to Economics and the Stock Market.
Can't recommend The Great Courses enough. What better way to fill your spare time?
I learnt a good amount, more useful if you are thinking about investing, not so much if you just want to understand jargon, though it is covered.
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