The Complete Investing Guide: How to Beat Wall Street
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The Complete Investing Guide: How to Beat Wall Street

A guide to give you the necessary knowledge and confidence to invest by yourself and earn great returns
4.5 (3 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
13 students enrolled
Created by Chris Gilbert
Last updated 6/2016
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Current price: $10 Original price: $50 Discount: 80% off
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  • 5.5 hours on-demand video
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 5+ hours of high-quality video lectures teaching you everything from the fundamentals of investing to in-depth intrinsic value calculations
  • 5 quizzes consisting of 10 questions each, a 16-point detailed checklist, and a 4-step systematic valuation process with a case study of Apple included
  • You will be able to thoroughly analyze financial statements, interpret financial ratios, and calculate the INTRINSIC VALUE of any stock using 9 different techniques
  • After this course you will know how to find great stocks as well as evaluate them by utilizing a clear, efficient, and straightforward process
  • This guide will provide with the necessary knowledge and confidence to begin investing by yourself and earning great returns
  • Lifetime access to a complete investing reference
View Curriculum
  • A desire for financial freedom and investing for yourself
  • No prior knowledge of investing or the stock market is required
  • That's it!

“All intelligent investing is value investing – acquiring more than you are paying for.” - Charlie Munger

The above quote seems a little too simple doesn't it? After all, we've always been told investing in stocks is too risky... Or the only way you can proper in the stock market is with luck. But what if I told you there is a long line of successful investors who have followed common sense principles and earned well above-average returns for years and years? Well... It's true. And the best part is, all of the principles are geared for individual investors who want to break free from the shackles of financial advisors, mutual funds, low-interest saving accounts, and below-average returns.

**The Complete Investing Guide is a course designed for you, the individual investor**

This course will teach you the principles great investors such as Warren Buffett, Charlie Munger, and Peter Lynch have used for decades to earn great returns and achieve financial freedom.

Great for Beginners and Advanced Students as well!!

You will start out learning the basics of stocks, the stock market, and personal finance. This guide explains what stocks are and why they're the best investment option to achieve financial freedom. You'll also learn reasons why you should invest for yourself, including how fund managers tend to average or underperform the market and why financial advisors advise you to trade too often.

This guide dives much deeper however, and by the end you will be able to: 

  • Thoroughly analyze financial statements as well as interpret financial ratios 
  • Calculate the intrinsic value of a company with over 9 different methods
  • Generate successful investing ideas and find high-return stocks
  • Buy and sell stocks as the right time and with the right strategy
  • Manage your own portfolio and produce above-average returns
  • And much more

I will always be available for questions, comments, and discussions

I genuinely pride myself in being an individual investor and my goal is to ensure you become successful and achieve financial independence by yourself. Check out my bio and you will see I have a website and products that are dedicated to helping people like yourself save money, invest, and become financially FREE.

So what are you waiting for? Click "Take this Course" to begin learning how to achieve FINANCIAL FREEDOM

Who is the target audience?
  • Students who seek financial freedom through investing in stocks
  • Investors who are tired of paying commissions and fees for average results
  • People who want to invest by themselves using a low-risk, high-reward strategy
  • This course is designed with a long-term outlook in mind and is NOT for those looking to make money overnight
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Curriculum For This Course
25 Lectures
Module 1 - Introduction
5 Lectures 55:50

In the first video of this course we're going to start with the very basics in order to build a solid foundation. First thing we need to cover is financial goals and how investing in stocks can help us obtain them. Next, I'll explain exactly what a stock is and how, as value investors, we should view them. We'll finish up by discussing why you should invest by yourself. How it's not only beneficial, but highly rewarding as well.

Talking Points:

  • Before investing, determine your financial goals
  • A stock represents a piece of a business
  • When you purchase stock, you become a part owner of a company
  • You can invest without advisors AND produce better results
Preview 12:10

In the second lecture of this course we move on to why you should be investing in stocks. For starters, if you want to be financially free at some point in life... you have to invest. While there are several ways to invest your hard-earned money, stocks have historically provided the best results. Take advantage of this and practice a value investing approach to maximize your investing potential.

Talking Points:

  •  Financial freedom and investing go hand in hand
  • Several types of investment vehicles exist
  • Stocks have historically been a much better investment however
  • In the end, stocks and the stock market are your quickest and best route to being financially free
Preview 11:17

In this lesson I'll detail the foundation of the investing strategy this guide will teach... value investing. We'll look at Benjamin Graham, the father of value investing, and why he was so influential to so many people, including Warren Buffett. I'll explain exactly what the value investing philosophy is all about and introduce 5 key principles that we'll utilize throughout this course. Lastly, I want to show you some famous value investors as motivation.

Talking Points:

  • The philosophy behind value investing
  • Buying great companies at a discount equals happy investing
  • A complete value investing outline
  • There are many successful value investors
What is Value Investing?

Compound interest is the engine that powers the car for investors. In other words, compound interest is what turns your investments into something much greater than it is. In the fourth lesson of this module I'll explain what compound interest is and how it can make your money work for you. While it is an unstoppable mathematical force, compound interest can be both good and bad. So in this video I want to describe important variables that will make sure your investments end up on the good side.

Talking Points:

  • What is compound interest?
  • How it can make your money for you... instead of the other way around
  • Variables such as reinvested earnings, time, and deposits are important
  • Compound interest can make a huge difference in both investments and debt
Compound Interest - The 8th Wonder

In the last lesson of this module we'll look at how personal finance and investing aren't mutually exclusive entities. In fact, without sound personal finance financial independence is simply not possible. But don't worry this won't be a sleep inducing video. Instead you'll learn about personal finance in a fun and different way using the parables outlined in the book The Richest Man in Babylon

Talking Points:

  • Why personal finance matters
  • Sound personal finance is the 1st step towards successful investing
  • The Richest Man in Babylon is by far the best book for personal finance
  • The 7 cures for a lean wallet
On Personal Finance

Test your knowledge on topics such as stocks, value investing, compounding, and persona finance.

Quiz 1 - Introduction
10 questions
Module 2 - Financial Statements
5 Lectures 01:00:10

Financial statements are vital to investing and a key part of fundamental analysis. Unfortunately they can be a bit intimidating and overwhelming. This lesson will ease you into understanding the 3 main documents: income statement, balance sheet, and the statement of cash flows. We'll cover the basics, where to find financial statements for any company, and weed out important information.

Talking Points:

  • Get to know financial statements because they're an important piece of the puzzle
  • What exactly is fundamental analysis and why it matters
  • 3 main documents: income statement, balance sheet, statement of cash flows
  • Which parts to focus on
Introduction to Financial Statements

In this lesson we'll begin to dive a little deeper and analyze the income statement. I'll explain revenues, expenses, and, the best part, profits. The income statement can basically be broken down into these 3 sections and by the end of this lesson you'll be able to thoroughly understand the ins and outs of this financial document.

Talking Points:

  • Introduction to the income statement
  • How to break the statement down into 3 main sections: revenues, expenses, and profits
  • A look at Apple's income statement as an example
  • Why earnings are such an analyzed figure
Income Statement

The 2nd financial statement we'll cover, the balance sheet, is often overlooked, but it can reveal several key insights about a company. You can determine book value, debt, and shareholder equity just by analyzing the balance sheet. I'll break this statement down into 3 main parts: assets, liabilities, and equity, and analyze Apple as a real-world walkthrough

Talking Points:

  • Introduction to the balance sheet
  • Why you shouldn't overlook this important financial statement
  • Difference between current and noncurrent assets and liabilities
  • Total shareholder equity is the part of the business owned by shareholders
Balance Sheet

In this lesson I'll detail why the statement of cash flows holds some of the most important pieces of financial data, especially for value investors. Why? Because cash, unlike earnings, is a very hard thing to manipulate and often reveals quite a bit about the financial condition of a company. At the end, you'll be able to confidently analyze each section of this statement including cash flow from operating, investing, and financing activities.

Talking Points:

  • Overview of the cash flow statement: cash inflows vs. cash outflows
  • Explanation of each section: operating, investing, and financing activities
  • Why value investors prefer to analyze cash over earnings
  • What is free cash flow and why is it important?
Preview 10:56

The most exciting lecture yet! With this video, you will really begin to feel like you're turning a curve. Not only can you now analyze financial statements, after this lesson you'll be able to calculate and interpret all the relevant financial ratios they can provide as well. This lesson starts with an explanation of financial ratios and ends by providing real-world examples for every financial ratio discussed.

Talking Points:

  • How turnover ratios can tell you how effectively management is utilizing assets
  • Liquidity and debt metrics show a firm's ability to cover short and long-term debts
  • Profitability ratios, such as profit margins, are an excellent way to find great companies
  • Cash flow metrics are too often overlooked and can provide the investor with great data
Interpreting Financial Ratios

Apply what you learned about financial statements and the ratios they provide.

Quiz 2 - Financial Statements
10 questions
Module 3 - Valuation
5 Lectures 01:09:04

Now that you know how to thoroughly analyze financial statements and interpret the relevant financial ratios, we'll start to discuss stock valuation. Valuation, whether relative or intrinsic, is a critical aspect of fundamental analysis. By the end of this lecture you'll understand why value matters to investors.

Talking Points:

  • Price is what you pay, value is what you get
  • Proper valuation is the rate-limiting step to earning great returns
  • Market value and enterprise value are two figures you'll see a lot
  • Differences between relative and intrinsic valuation methods
Understanding Value

If you've ever come across a P/E ratio, or an earnings yield, then you've already been introduced to relative valuation. It's all about comparing current market price to an underlying fundamental figure, such as sales, earnings, or cash flow. Relative valuation is simple and readily available making it a popular valuation method.

Talking Points:

  • A relative approach consists of ratios and yields
  • Metrics are easy to understand and readily available
  • Per share data makes valuation comparable to history and competitors
  • Real-world yield calculations using Apple as an example
Relative Valuation

You've finally made it... to intrinsic value. While being able to analyze financial statements, interpret ratios, and check relative valuation are undoubtedly important, the real meat of fundamental analysis consists of accurately being able to estimate intrinsic value. At the end of this lecture you'll be able to perform 9 intrinsic value techniques.

Talking Points:

  • Also known as absolute value, intrinsic value determines a company's underlying worth
  • Discounted cash flow is the gold-standard of intrinsic calculations
  • Earnings power value can be useful as well but is typically much more conservative
  • Additional models such as P/E Multiple, Median P/S, PEG Fair Value, Asset Models, and Graham Models will allow you to analyze any stock you want
Calculating Intrinsic Value

In the previous lecture we discussed several different type of intrinsic value techniques. Without real-world practice however, the techniques can look very much like theory. So in this video I'll perform a complete case-study of Apple, performing every single method I talked about last lesson. Practice these calculations on as many stocks as possible in order to have a better understanding of them.

Talking Points:

  • An overview of FCF Yield and Shareholder Yield
  • Thorough example of a 2-part discounted cash flow
  • Walkthrough of an earnings power value example
  • All additional models calculated and explained
A Real-Word Walkthrough

Checklists have been utilized by several different industries and many investors over the years with extraordinary success. So why shouldn't we use one? In this lesson I'll detail how a checklist can help you and thoroughly explain the one I currently use. The Checklist, as I call it, is really the first step in The Process to selecting great stocks.

Talking Points:

  • How a checklist can greatly improve your results
  • Valuation and business operations are the first items to "check"
  • Analyzing financial strength will help you avoid the dreaded value trap
  • Profitability and growth are important aspects of any investment
Creating the Perfect Checklist

Quiz yourself regarding what valuation means, the difference between relative and intrinsic valuation, and checklists

Quiz 3 - Valuation
10 questions
Module 4 - Portfolio Construction
5 Lectures 01:10:20

The search for the "perfect stock", the high-return, compounding-machine, portfolio-boosting investment can be quite frustrating and even intimidating at times. With all of the information, websites, data, and "expert" opinions, one can be overwhelmed where to start. Well don't worry, I got you covered. In this lesson we'll discuss how to generate ideas, how to filter information, and how to wind up with great stocks.

Talking Points:

  • Searching for the perfect stock
  • How to generate investing ideas
  • Useful websites, including stock screeners and more
  • Why you should create a watchlist
Finding High-Return Stocks

Once you've generates some ideas and ran them through The Checklist, it's time to begin The Process. The Process is a systematic, efficient, and clear exercise that will force you to acknowledge your understanding of the company, determine competitive advantages, verify trust in management, and calculate intrinsic value. It's designed to give you a simple and clear decision whether you should buy, wait, hold, or sell a stock.

Talking Points:

  • Knowledge & Meaning - Do you know the industry? The company?
  • Competitive Advantage - Does the business have a significant & sustainable moat?
  • Management - Do you, and should you, trust management?
  • Value - Is the stock worth your time and energy?
The Process

When and how to buy stocks will obviously play a vital role in your investing career. In this lesson, my goal is to make it as clear as possible when you should buy a stock as well as implement a straightforward strategy designed to reduce your cost basis and increase your returns. I'll also mention a few of my favorite brokers as well.

Talking Points:

  • The only scenario when you should by a stock
  • What catalysts are and why they can increase your margin of safety
  • Using the stacks strategy can decrease cost basis and increase return
  • Which brokers are the best for you?
Buying Stocks

The art of selling stocks doesn't receive near as much attention as buying them. Yet selling stocks is arguably much more difficult and not having a well thought out strategy can severely affect your results. This lesson will teach you why selling matters, when to sell, and how to sell stocks.

Talking Points:

  • The ideal holding period
  • Why selling is crucial to success
  • When is the right moment to sell a stock?
  • What is the right strategy to sell a stock?
Selling Stocks

This lesson is all about your portfolio. How many, what type, and how much of each stock you should hold at one time. I'll tackle a few myths of diversification, the issue of liquidity, and explain why a long-term outlook is the best strategy. By the end of this lesson you'll know if you should keep a relatively concentrated portfolio or go with an index fund.

Talking Points:

  • Why you should avoid over diversification
  • Portfolio Allotment - How many and what type of stocks to hold
  • How much cash you should keep in your portfolio
  • Summarization of the long-term strategy
Portfolio Management

Review how to find stocks, properly analyze them, when and how to buy or sell, and proper portfolio management

Quiz 4 - Portfolio Construction
10 questions
Module 5 - Bonus
4 Lectures 53:42

Even though we've already discussed several ratios, metrics, and yields there is always room for more knowledge. This lesson has an additional 5 metrics that I feel will be very valuable to you. By the end, you'll be able to confidently calculate each of them as we'll go through real-world examples using Apple again.

Talking Points:

  • Retained earnings to market value is one of Warren Buffett's favorite metrics
  • The Piotroski F-Score is clear, clean, and potentially customizable
  • The Sloan Ratio is another way to verify earnings strength
  • Forward rate of return analyzes a company's profitability relative to price
Additional Metrics

Conventional wisdom, meaning Modern Portfolio Theory (MPT) and Capital Asset Pricing Model (CAPM), assumes that markets are typically efficient and people generally act rational. However, the real-world has shown time and time again this is simply not the case. After all, why do stock market bubbles occur? Why do automated investing strategies fail? And why have so many value investors been successful? By the end of this lecture, you'll understand why emotions are integral to investing and how to identify and avoid potential traps and biases.

Talking Points:

  • Behavioral finance attempts to explain why emotion leads us in the wrong direction
  • Prospect theory reveals the inner workings of investors
  • How to identify and avoid traps and biases
  • Remaining businesslike with your approach is the best way to exclude emotional investing
Preview 13:02

This lesson takes a break from the definitions and calculations... it's time to relax a little and learn about some of the greats. While I'll detail investors who used all kinds of styles and strategy, they all have one thing in common - buying great companies with great management at great prices.

Talking Points:

  • The people who created the value investing philosophy
  • Younger investors who continue to carry the value torch
  • Investors who changed the way we view the market
  • "Crossover" investors who used value and growth techniques to become successful
Preview 12:03

I know what you're thinking... options? Value investors use options? Yes, in fact even the great Warren Buffett has been known to use options as a way to reduce cost basis and earn extra income. They can be a bit intimidating but options are basically just another investment vehicle you should be aware of. In this lesson I'll explain what options are as well as offer up a few conservative strategies to help you get started.

Talking Points:

  • What is an option?
  • Option pricing and the factors behind the contracts
  • 2 strategies that can improve returns
  • How to choose the right option contract for you
Introduction to Options

Assess your knowledge of financial metrics, psychological traps and biases, the great investors, and options.

Quiz 5 - Bonus
10 questions
Module 6 - Additional Calculations
1 Lecture 09:33

Since we covered Earnings Power Value (EPV) earlier I feel it is necessary for you to also be aware of Asset Reproduction Value. This calculation should ideally be performed EPV to give you an idea of what a company's assets are worth relative to a new competitor. If EPV is greater than Asset Reproduction Value it suggests the business has either a competitive advantage or superior management.

Talking Points:

  • What is Asset Reproduction Value and why is it necessary?
  • Adjusting assets to estimate actual cost of business
  • Accounting for spontaneous and circumstantial liabilities
  • A complete case study of Apple
Asset Reproduction Value
About the Instructor
Chris Gilbert
4.5 Average rating
3 Reviews
13 Students
1 Course
Founder of YourPortfolio

Hello, my name is Chris. I am full-time pharmacist and an investing junkie.

I have been learning and studying personal finance and investing my whole life. Growing up my parents stressed the importance of saving money and investing in order to achieve financial freedom. However, it wasn't until I was nearing pharmacy school graduation that I realized I would soon be responsible for my own money and own investments.

So I decided to dust off all the old books my parents had given to me a long time ago and devoured as much information as I could. After re-reading great books from the authors such as Benjamin Graham, Seth Klarman, Warren Buffett, and Peter Lynch I quickly realized the best path towards financial freedom was in the stock market.

I also learned these great investors followed many of the same principles, such as buying great companies with excellent management at discounted prices. After a few years of following this strategy and successfully investing by myself, I decided to create YourPortfolio, a website dedicated to teaching individual investors that investing is not hard, not time consuming, and not expensive.

I also created the YourPortfolio Software, a powerful tool determined to be the only resource investors need (shameless plug). With this software you can plug in a stock symbol and view financial statements, see intrinsic valuations, interpret financial ratios, and even manage your own portfolio. So check out the website and the YourPortfolio Software when you get the time.

Since I am a visual learner, I decided to create a course on Udemy as well. Sign up and take your first step towards financial freedom.