What to Learn After Investing

Investing is the process of allocating funds into assets to receive potential financial gain over time. If you already know how to invest, consider learning data science for finance, risk analysis, and Microsoft Excel to help your investing career or financial career. We will cover these additional skills below so you will know which skill to take on next.

What is Investing?

Investing is dedicating money to purchasing assets that increase in value over time. The main function of investing is to generate returns from invested assets. Investors can invest in several kinds of investments, including stocks, bonds, funds, trusts, private equity, and real estate. Investing in almost any industry can help build capital for businesses. 

Investing puts money to work. On the surface, investing can appear like saving money; however, saving money sits in an account, gaining little per year, as saving accounts have an average of 0.7% growth per year. Investors can choose to actively invest, which means they manage their portfolio or passively invest, which means they take a less involved approach to investing. They can also choose to invest in high-growth companies with higher Price-earnings (P/E) or invest in companies that have lower P/E but have higher dividend yields. Both approaches can pay large sums; it depends on how much risk they want to include in their investment portfolios. 

Read more about what investing is and why you should learn it.

What Can You Do with Investing?

When you think of investing, the image that comes to mind is Stock Brokers frantically calling in trades as they watch the numbers scroll by on the screen. Stock Brokers are a large part of the investing world. They deal with the stock market every single day. They help keep the economy moving. However, there is more to investing than just stock brokers. 

With the internet, anyone can invest in the market using mobile apps. You can also invest to save for retirement or various other reasons. When starting with investing, you want to start an investment portfolio. Often, these portfolios include bonds, stocks, mutual funds, Exchange Traded Funds (ETFs), real estate, and cash equivalents. However, some people choose to invest their money in more unusual ways. One of the key parts of investing is choosing assets that will increase in value over time. Investments can be physical assets as well. One good way to invest is to buy a vacation or rental property that you can rent out. This option allows the money you used to purchase the property to bring more money back to you. Others invest in other items like cars, handbags, or even watches. Each of these items needs a lot of research to ensure they are worth purchasing and if they will bring in more money if sold later. 

Data Science

While this skill is more analytical, learning data science and Python can help you predict market trends. This skill will take some time to learn as it involves learning different programming languages and analytical techniques; however, when you combine the two skills, investors can analyze big data and make more informed decisions. 

For classes to learn data science, Noble Desktop offers various courses for you to consider. You may enroll in the Data Science Certificate, as this longer course will cover all the basics of data science and dive into advanced concepts to prepare you for your career. The certificate course will teach everything about data science, even if it is not directly related to finance. You will learn to analyze data with Python and create machine-learning models and interactive visualizations with SQL. For a class that includes more finance background, consider taking the Python for Finance bootcamp. This course teaches you how to apply Python to financial data. This course will better prepare you for a career in finance.

Risk Analysis

A large part of investing is taking risks. When investing, you are analyzing and making informed decisions about whether or not you should take them. Risk analysis takes this concept a step further. You learn to take time to analyze reports and identify the risk factors. 

By learning this skill, you could identify the factors to help you decide if the decision you want to make is worth it or if you would be losing too much money. This skill can help you spend less time making risky decisions and losing out on that money and more time making money making the right risky decisions. 

Microsoft Excel

Excel is another analytical skill to throw into your investing tool belt. While learning Excel might not seem important to investors, it can come in handy when analyzing large data sets. You will be able to keep all financial records in one digital space and understand how to present that data meaningfully. Doing so can help identify trends in your spending, decisions, and income to make more informed decisions. 

To learn Excel in the financial realm, consider taking the Excel Bootcamp or the Advanced Excel and Financial Modeling Intensive courses Noble Desktop provides. The Excel bootcamp is great for learning the program if you have no previous experience. It is a beginner-friendly course. If you have experience with Excel, you can take the advanced course.

Key Insights

• Investing is a challenging skill to learn; however, there are other skills you can learn to enhance your investing career.
• Data Science will help you understand the more analytical side of the career as you use programming to automate and organize your data. 
• Risk Analysis helps you understand investing risk and see them from a distance to know how much risk you truly want to take. 
• You can find comprehensive investing training at Noble Desktop with in-person and live online courses. 

Learn Investing with Hands-on Training at Noble Desktop

Noble Desktop provides an array of Investing and Financial classes that meet various scheduling requirements and learning styles. No matter how you enroll in these courses, students will learn from expert instructors in small classes. Students may attend in-person training at Noble's Manhattan campus or remotely from anywhere. In addition to the courses, all students can retake the course within one year of completing it for no extra charge, giving them more time to hone their skills. 

For those interested in beginning their investment journey, Noble offers a short introduction course, Stock Market Investing, teaching students the fundamentals of the stock market and how to invest. Students will learn what moves the stock market and how investors value stocks. Students will understand P/E ratios and DCF analysis as they dive into different financial statements. While this course does not provide enough information to start your investing career, it does provide vital information that will help you out in your career and get you on the right path. 

Students may consider the Financial Analysts Training Program to jump-start a career in the financial sector or with investing. In the program, students work with financial modeling and valuation. As students learn basic and advanced features of Microsoft Excel, they learn to utilize the program for long-term planning, financial functions, and cash flow projection. Those interested in becoming Financial Analysts may also consider the Python for Finance Bootcamp. This course teaches how to use the Python programming language’s financial libraries to gather and manipulate financial data. Both of these courses can jump-start your career in investing!