Are Singapore College of Insurance (SCI) papers like M9A, M9 useful springboards for learning about investing? - Seedly
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Anonymous

Asked on 29 Sep 2020

Are Singapore College of Insurance (SCI) papers like M9A, M9 useful springboards for learning about investing?

Despite having a diploma in accountancy, I'm not familiar with investing at all. I'm looking to get started and studying for M9A has raised a variety of useful terms/keywords (like diversification coefficient and credit risk) that have spurred me to search more on the subject.

Am wondering if taking these SCI papers is beneficial to someone like myself, and if there are even more efficient/optimal learning resources to utilize (aside from Seedly).

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Not really. The textbooks are boring. You should go online and learn. Studying CFA, or uni finance modules are also more helpful

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Samuel

Level 4. Prodigy

Answered on 29 Sep 2020

These are regulatory exams and not the best to read up on investing. They are taken by aspiring financial advisers looking to pursue a career in the industry. Would suggest using youtube, google and sites like seedly/other personal finance sites (these are all free btw) instead

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Question Poster

29 Sep 2020

Hmm what are some key flaws that make them inferior to other personal finance sites? The videos I've been watching on youtube have been very centralized around the American market, which makes it difficult to relate to my own situation
Samuel

29 Sep 2020

I won't say they are inferior but the point of these papers is for regulatory purposes and you have to pay for them. If you don't mind paying and feel they are a good resource, by all means go ahead! Agree with your point that most finance blogs out there are very US centric but that's cause it is the largest market in the world. Singapore's economy is also highly dependent on trade and news globally would have an impact on Singapore as well.
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Investment books are great for designing systems to invest. They are terrible for being a better investor. Business books do a better job of learning to be a better investor.

Without a story and meaning, information holds little value. The fastest way to learn is to put money on the line. Being better at investing is a balance between expectations and results. Numbers matter, but it doesn't matter if you have no emotional discipline.

Follow me here.​​​

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