Syllabus
Open now: required Stages 1–3 plus optional Stage 4 review & applied practice, plus Stages 5A/5B/5C. Stage 6 onward is updating.
Economic Thinking and Personal Finance Math
RequiredUnderstand opportunity cost through everyday choices; build intuition for compounding, discounting, and EAR; draft a first savings and DCA plan.
What you'll gain
Think in opportunity cost; compute compounding, discounting, and EAR by hand.
Inflation and Practical Investing
RequiredSee how CPI and inflation affect returns; learn IRR and mortgage comparisons; realize nominal gains can still lose purchasing power.
What you'll gain
Separate nominal vs real rates; compute purchasing power and IRR.
Probability, Statistics, and Risk Measurement
RequiredSeparate volatility, drawdown, and loss; learn Sharpe, VaR, and fat-tail intuition for diversification.
What you'll gain
Describe risk in probability language; understand expectation, volatility, drawdown, and VaR.
Review & Applied Practice
Review · Paid (buy as needed)Optional paid course: fuse Stages 1–3 into a refresh plus a hands-on money project (cash → real return → risk check). Not required for the core path.
What you'll gain
Connect compounding, real returns, and risk checks on one money scenario.
Funds, Stocks & Valuation (5A+5B+5C)
Required5A funds/bonds/ETF/index, 5B stocks & fundamentals, and the 5C valuation memo are all open.
What you'll gain
Move from product information to fundamentals, then to a valuation memo.
Macro Intuition
RequiredUpdatingMonetary/fiscal policy and cycles through everyday cases (planned; not open yet).
What you'll gain
Read rates, FX, and cycles as investment signals.
Metric Critique & Price Uncertainty
ElectiveUpdatingExamine the limits and misuse of common metrics (PE/PB, Sharpe, drawdown); separate short-term price noise from long-term fundamental anchoring; strengthen investor psychology (elective, sold separately, planned HK$3.88, opening soon).
What you'll gain
Spot when metrics fail; don't let short-term quotes and biases drive decisions.
Personal Investing System · v1
RequiredUpdatingIntegrate knowledge into a usable playbook (planned; not open yet).
What you'll gain
Ship a first executable Personal Investing Handbook v1.
Bonds and Fixed Income Math
AdvancedUpdatingBond pricing, YTM, duration, and convexity (planned; not open yet).
What you'll gain
Understand duration, YTM, and rate risk.
Portfolios and Linear Algebra
AdvancedUpdatingMean-variance frontier, CAPM, and beta (planned; not open yet).
What you'll gain
Optimize portfolios with a Markowitz-style frame.
Behavioral Finance and Probability Models
AdvancedUpdatingProspect theory, biases, and Kelly sizing (planned; not open yet).
What you'll gain
Spot common biases; build position-sizing intuition.
Calculus and Sensitivity Analysis
ElectiveUpdatingDuration via derivatives and sensitivity (planned; not open yet).
What you'll gain
Understand price sensitivity and convexity corrections.
Options and Derivatives Pricing
ElectiveUpdatingPayoffs, binomial trees, and BS intuition (planned; not open yet).
What you'll gain
Explain option pricing with a binomial model.
Personal Investing System · v2
ElectiveUpdatingIterate a complete personal investing system (planned; not open yet).
What you'll gain
Ship Handbook v2.
Strategy Modeling, Backtesting, and Validation
ElectiveUpdatingBacktests and overfitting traps (planned; not open yet).
What you'll gain
Backtest independently and spot common traps.
Stages 1–3 free after sign-in; Stages 5A/5B/5C are open and free; Stage 4 separate fee; advanced 9–11 as a series; electives 12–15 per course.