Reddit reviews Modern Portfolio Theory and Investment Analysis
We found 3 Reddit comments about Modern Portfolio Theory and Investment Analysis. Here are the top ones, ranked by their Reddit score.
I'm never going to advocate against learning, but I think you should start with some reading before you decide to dedicate the time and money to a class. There are a lot of books on investing out there, but I can tell you the textbook used at my school for the Portfolio Theory course was Modern Portfolio Theory and Investment Analysis. If it turns out this is really interesting to you then by all means immerse yourself in the course!
Portfolio theory (the art and/or science of composing a diversified portfolio that both reduces risk and maximizes returns) is an extensive subject undergoing active research.
If you like to dive right in, a good place to start is Modern Portfolio Theory and Investment Analysis, 9th Edition. This book will provide you with both the theoretical background and concrete tools to reason about portfolio design.
If you're looking for something lighter, you can check out some of the model portfolios of Vanguard to get a general idea of what kind of risks and rewards you can expect from various asset allocations.
Since you're based in the UK, iShares has a range of ETFs covering the major asset classes which you can use to compose your portfolio through your broker of choice. As others have commented, DeGiro has reasonable commissions for UK residents.
Your broker of choice (or even your bank) might be offering on-boarding seminars or webinars to get you started, make use of them!
Finally, if you're just starting out, or if you're planning to start with a small amount of capital (under 2000 GBP initial capital, or under 250 GBP monthly deposit), it might be worthwhile to talk to your bank. They may offer professionally managed diversified funds for your desired risk appetite which are accessible through small regular deposits.
Here’s the recommended book for my class.
My professor doesn’t require any textbooks for the class. He uploads all lecture notes here.
The quarter is almost over. If you want the notes, you should download them asap before he takes them down.