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Where do you stand in your investing journey?

A useful tool to help visualize this is the image below, illustrating the Dunning-Kruger effect—a favorite of the great Barry Ritholtz, one of my favorite financial bloggers and legendary source for all things money management.

Think of it as a self-assessment tool.

But how do you know where you are, if you don’t know?

Consider the five statements below and whether you agree with them:

1. "Successful investing? It’s all about timing the market—buy low, sell high.

2. Getting the highest returns possible in a short time beats having slightly above-average returns over a long stretch.

3. A requirement to nailing it in investing is picking the winners and avoiding the losers.

4. Investing is mostly science; it’s about numbers and data, with little space for 'fuzzy' aspects like emotions and behavioral tendencies.

5. Financial markets are like a casino, things go up and down due to speculation. Serious investors avoid volatility and minimize risk taking.

The more statements you agree with, the more likely you’re just starting from the very beginning - on top of 'child’s hill'.

If that’s you, congratulations!

You might have just taken the first step to becoming a better investor.

We all start here.

I once believed every single one of those statements myself.

And now you know there’s a lot to unlearn, learn and to discover.

Explore incredible people to follow, must-listen podcasts, and legendary books - by clicking here. Particularly the foundational books sections is a good place to start.

Continue your journey with the The Young Investor to learn what they don’t teach you about managing money anywhere else.

If you didn’t agree with the statements above, nice job recognizing the myths!

You're beyond the initial steps of learning about investing - likely indicating some familiarity of getting you’re butt kicked by the markets.

But you know the journey doesn't stop here.

There is so much happening in financial markets, prices move, narratives flourish, and the world of investing is vast - its hard to keep up, especially with so much noise out there.

So, what's next?

Receive curated material of what other knowledgeable investors are saying - avoid the BS sellers, gurus and noise out there.

The markets present daily opportunities to f… it up.

Continue your investment journey with the young investor to stay on the right track

Consider diverse viewpoints, continue to challenge yourself, and expand your knowledge.

Dive deeper into the complexities of the financial world and our human behavior.

And prepare yourself for whatever may come.

With the confidence of knowing that deep down nobody knows what’s going to happen.

Because you don’t need a crystal ball to preserve and grow your wealth.