[SERIOUS]How to choose a good paid stock market seminar?

[wahkao]

[SERIOUS]How to choose a good paid stock market seminar?

I got a few stock market newbie friends who are looking to attend stock market seminars and they asked me how would I go about choosing a good seminar. For me, I never really went to seminars before so I got no experience. And not everyone knows how to do their own research. Some need face to face teachings to learn the concepts.

stock market seminars typically last 5 days, 8 hrs per day. Course fees are around $2000 to $5000. some are really good teachers. some just teach rubbish. The purpose is to ramp you up with knowledge so you can become a full fledged investor ASAP.

- How do you go about choose a good stock market seminar?
- How to judge whether the seminar teacher is really good?
- What must the stock market teacher proof?
- How to know which teachers will teach rubbish, which will teach really good knowledge?11:

pls do not come in say I FATA master and I should know. There are things i really dunno.

[brattzz]

err... take a Deg/Diploma in accounts?

[Musicwhiz]

You don't need to pay 1000s to attend a "stock market course or seminar".

What you do need though, is:-

1) A basic understanding of accounting, so go take a crash course in financial statements for non-finance individuals. These are much cheaper than the stock market seminars.

2) An understanding of how businesses are priced and valued - read some elementary books on value investing (e.g. value investing for dummies) to get a head start.

3) Knowledge on companies, industries etc - Read widely and often, and get a feel of how businesses are run, what makes a business successful and what a competitive moat is.

4) The Psychology of Investing - Read books or articles on the common psychological biases and fallacies we have with regards to managing monies and investing.

I'd say the above probably costs you a few 100 dollars and can provide you with a comprehensive set of skills to invest.

Also, you do need some time and experience to understand how businesses work and also to observe emotions and psychology at play. And I would advocate saving money on those "3-day stock market genius" courses because you seriously cannot learn how to invest in just 3-5 days!

[Debronic]

I agree with musicwhiz. Save the money because the ones on the market right now are not worth a fraction of what they charge. If you really must, please pick a course taught by someone with actual fund management and or proven investment track record.

Why would you want to pay thousands of dollars to listen to some 20 to 30-ish youngsters professing to be successful value investors but whose real claim to fame is that they made a few hundred thousand dollars in a few good investments? I don't want to call out anyone's name but 3-4 years back, I personally met one very high profile motivation speaker who always trumpets how successful an investor he is with high double digit compounded returns yearly (he also conducts investment courses btw). We were working on an IPO at that time so we invited him in as a potential investor to meet the management. During the whole session, he looked "blur" and unimpressive (actually can't even recall that he said anything meaningful) and all the questions that matter were asked by his companion, whom I can see is an experienced industry practitioner. If you had told me then that he is a supposedly expert investor, I would be be laughing at you.

Sadly though, he is hardly the only one around. So many people these days are conducting courses under the guise of value investing that impart nothing more than just some generic knowledge that you can obtain from a few good books or online resources.

Anyway, this is just my personal take. Ultimately, it is your money and you can do whatever you want with it

[wahkao]

but what about those ppl who are lazy to read book? Told them to read liao, they never even start. sure got this kind of ppl

[Bibi]

but what about those ppl who are lazy to read book? Told them to read liao, they never even start. sure got this kind of ppl

I believe this is a value investment forum. We all need to read annual reports. If your friends are lazy to read, then they should only focus on Technical Analysis and so your questions asked should be "How to choose a good paid technical analysis course" which is not relevant in this forum.

[NTL]

but what about those ppl who are lazy to read book? Told them to read liao, they never even start. sure got this kind of ppl

Don't read and expect to invest/speculate/play in the stock market? Very easy, just start buying some shares. Lucky enough, make money. Else pay tuition fees for "on-the-job-training". Many people start this way too. (Me included...)

[HyperionTree]

For those who don't read, Hyperion and Tree suggest going to Tan Teng Boo's Investor Day in October 2015 in Malaysia for FREE. Tan Teng Boo is a fund manager who runs the iCapital close end fund listed on Bursa Malaysia and had made an audited compounded annual return of 12% since 2004 IPO. Apparently he conducts FREE Investor Days for the PUBLIC to attend. You do not need to be a shareholder to attend his Investor Day seminars to learn. Hyperion attended the 2014 Investor Day and only spend money to buy an air ticket from Changi to Kuala Lumpur and lodging, to attend his FREE seminars for 2 days.

Here is the link to the 2014 talk: http://invday.icapital.my/

Tan Teng Boo covers basic value investing concepts via seminars and short skits targeted at beginners. You can even ask him questions on value investing during the seminar. For experience investors he also covers economic outlook for various countries. Lastly, for value investors, he invites companies he invested in to give presentations about their business. Hyperion and Tree had benefited alot from his talks and gained a better appreciation on how macro trends do affect investing. Since most value investors focus on bottom up approach, it was something different to hear about macro and investing from a value investor like Tan Teng Boo.

Recently in Nov 2014, Tan Teng Boo came to Singapore to promote his new dual listed fund to Singapore investors. Usually this type of talks are only for high net worth or institutional investors but Tan Teng Boo invited people via his Facebook page. Hyperion and Tree attended and Tan Teng Boo gave a review of Singapore's economy which was again very beneficial. Best of all this talk is also FREE and attendees got a FREE dinner set since it was conducted in the evening. Sadly only 10+ people attended in Singapore which shows a lack of awareness of what he has to offer. This is why Hyperion and Tree like to introduce him to more people.

Interestingly, the good things in value investing are usually free.

[CityFarmer]

For those who don't read, Hyperion and Tree suggest going to Tan Teng Boo's Investor Day in October 2015 in Malaysia for FREE. Tan Teng Boo is a fund manager who runs the iCapital close end fund listed on Bursa Malaysia and had made an audited compounded annual return of 12% since 2004 IPO. Apparently he conducts FREE Investor Days for the PUBLIC to attend. You do not need to be a shareholder to attend his Investor Day seminars to learn. Hyperion attended the 2014 Investor Day and only spend money to buy an air ticket from Changi to Kuala Lumpur and lodging, to attend his FREE seminars for 2 days.

Tan Teng Boo covers basic value investing concepts via seminars and short skits targeted at beginners. You can even ask him questions on value investing during the seminar. For experience investors he also covers economic outlook for various countries. Lastly, for value investors, he invites companies he invested in to give presentations about their business. Hyperion and Tree had benefited alot from his talks and gained a better appreciation on how macro trends do affect investing. Since most value investors focus on bottom up approach, it was something different to hear about macro and investing from a value investor like Tan Teng Boo.

Recently in Nov 2014, Tan Teng Boo came to Singapore to promote his new dual listed fund to Singapore investors. Usually this type of talks are only for high net worth or institutional investors but Tan Teng Boo invited people via his Facebook page. Hyperion and Tree attended and Tan Teng Boo gave a review of Singapore's economy which was again very beneficial. Best of all this talk is also FREE and attendees got a FREE dinner set since it was conducted in the evening. Sadly only 10+ people attended in Singapore which shows a lack of awareness of what he has to offer. This is why Hyperion and Tree like to introduce him to more people.

Interestingly, the good things in value investing are usually free.

I don't know him before your post. Thank for the introduction.

Yes, good things in value investing are usually free, which include books from NLB, and info from VB

[noob_investor]

I think you should name the names so everyone can know who are the bad eggs. If not, they will just continue to scam people with their rubbish