Lumovest Review

2018-11-15T12:27:33+00:00
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In recent years, there has been an explosion online educational content. Think of any subject that you’re interested in and I’ll guarantee you there’s an expert offering an online course designed to help you to master that skill or better understand that topic.

How to get a job offer in 30 days? Check!

How to grow your pet care business? Yep!

How to make fabulous cakes that look as good as they taste? You got it!

What about a course that will teach you to how to invest like a pro? Lumovest has you covered.

Lumovest is an online investment training platform that claims they can “teach you to invest in stocks like a pro.” According to their site, Lumovest team members have refined their investing skills by working for the world’s top investment firms. Now they want to share that wisdom with you by offering access to the same word-class training and content that Goldman-Sachs and other leading Wall Street investment firms provide to their personnel.

Lofty claims, right? I was curious if Lumovest could deliver on their promises, so I went through the program start to finish. Now that I’ve completed the coursework, I’d like to walk you through Lumovest’s offerings to see if Lumovest can really teach you how to invest like a pro.

What is Lumovest?

Lumovest provides an online learning platform designed to teach users the fundamentals of stock investing so they can make intelligent investment decisions. Launched in 2018, Lumovest’s intention is to fulfill an unmet need in the marketplace. As their founders put it, they tried searching for concise, complete, and logical investing advice that could be acted upon in the real world. They didn’t.

Most online information either contains impartial advice, or jargon ridden incomplete information. Lumovest is designed differently. Their design features a self-paced learning model written in a way that reads like a casual conversation. By keeping it simple, Lumovest gives users the tools to help them comprehend timeless investing fundamentals. And most importantly, the bias and conflicts of interest that are often part of investing educational materials are notably absent from Lumovest’s content.

Who is Lumovest for?

Lumovest courses start from ground zero, covering the basics. That way no one gets left behind. But not to worry though, even intermediate or advanced investors stand to gain from the curriculum. Lumovest is meant to instill institutional level analytics into the brains of common investors like you and me. It only makes sense that they would cover all their bases. In a nutshell, Lumovest is meant for all investors with any level of experience.

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Lumovest Philosophy

Lumovest’s guiding principles are just as important as the concepts and materials they present.

First and foremost, Lumovest believes that no one cares more about your money than you do. Consequently, they believe you should be the one managing your money once you have the knowledge and skills to do so.

Modern society has gone to great lengths to maintain the integrity of public information published on corporations. Even though this gold mine of information is available to virtually everyone, very few know how to interpret the data. By understanding that public companies have a legal obligation to be transparent and forthcoming with both their highpoints and flaws, investors would be mad not to learn how to process objective financial information.

Lumovest preaches investing, not trading. They believe this should be accomplished through well thought out, buy and hold transactions designed to build long-term wealth. Lumovest does not endorse coming in and out of the market by engaging in excessive trading. Instead, Lumovest emphasizes research aimed at identifying high-quality businesses that can be purchased at attractive prices and held over the long-term. It is that philosophy that shines through Lumovest’s courses and content.

How is the Course Work Designed?

Lumovest’s curriculum consists of nine courses that cover a specific facet of investing. There are approximately 25 four-minute videos for each course.

Lumovest presents the curriculum in an easy-to-understand way that makes it accessible to any user, including beginners with little to no prior investing knowledge. Furthermore, courses are structured so users learn key concepts in a logical sequence that allows them to build upon easy lesson plan. The concepts that are explained in early lessons are the building blocks to more advanced topics that Lumovest covers as you advance through the program.

What Can I Expect to Learn?

Lumovest is all about stocks. The stock market is such a dynamic and abstract concept that it certainly deserves an educational program devoted solely to understanding it. That’s precisely what Lumovest does. Here’s an outline of the current course content to give you a sense of what you can expect to learn from the Lumovest program.

Course #1: Stock Basics

  • What is a stock? What does it mean to have ownership of a company?
  • How do stock prices fluctuate? What are different factors that influence stock price?
  • What is the process of making a capital gain? What are the different ways investors use stocks to make money?
  • How do you evaluate a stock? What is the basic way of determining whether or not a stock is priced favorably?
  • What are rules of thumb when it comes to investing? How do you integrate information from “experts” into your own analysis?

Course #2: Researching Stocks

  • What reports are important in assessing a public company’s outlook? How do you access these reports?
  • What information do corporations publish about their company? What public information is reliable and what isn’t?
  • How can you keep track of a company’s performance? How do you interpret different company status reports? What is the process companies go through in filing/releasing information?
  • What online resources curate stock info most effectively?

Course #3: Examining Individual Companies

  • What components are a part of an evaluation of a company? How do you gather information about a company’s assets and liabilities? What should you do with the information?
  • How do you examine a company based on their future earnings potential? What characteristics in a company profile should be weighted the strongest?
  • How do you compare a company’s price to their value? What are the keys to determining a spread between intrinsic value and price?
  • How do you interpret the different investments made by a public company? How do you analyze debt levels? How can you understand a company’s change in value? How can you predict a future change in value?

Course #4: Understanding Revenue

  • How do different companies make money? How do you research different income streams?
  • How do you understand a financial statement? How do you interpret sacrifices in current earnings made in the name of bigger yields?
  • How can you reliably forecast earnings? How do you research a company’s product mix, and how does this effect earnings?
  • How do you research a company’s unique revenue drivers? What models of revenue are most optimal?

Course #5: Cost Structure

  • How can you understand how companies incur expenses differently? What are a company’s fixed and variable costs?
  • How do you research and apply information relating to the cost of goods sold? How do you research a company’s costs relating to research and development?
  • How do you compare different companies’ products and assets, and how they depreciate differently?
  • How do you research restructuring change and how that might affect cost structures? How do you forecast costs?

Course #6: Earnings Power

  • What does it mean to have earnings power? How do you understand operating margins?
  • What are the implications of a company’s earnings per share? How does this influence stock price?
  • How do you determine if a stock is expensive compared to the earnings representation? How can you integrate public information into your models without an intake of unsubstantiated bias?
  • How do you interpret potential earnings growth? How do you create models to predict earnings and how they will change?

How Much Does Lumovest Cost?

Lumovest’s pricing plan is extremely simple. You can sign up for the monthly subscription at $30 a month or pay $300 to have access for the full year.

As I mentioned previously, Lumovest’s current curriculum consists of nine courses. Lumovest also plans to continue publishing content on a regular basis as a way to provide more value to users while encouraging monthly subscribers to maintain their subscriptions.

The price you’ll pay to access Lumovest’s existing content is already an excellent value when compared to other online courses, bootcamps and seminars on the market. Throw in ongoing courses and content and there’s no comparison.

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Pros

  • High-quality investing education content.

  • Videos are a useful tool for visual learners.

  • Quizzes help users assess comprehension of course topics.

  • Excellent value compared to similar courses on the market.

  • Vast library of content.

Cons

  • Graphics and audio seem low-budget.

  • Lack of activity on discussion boards.

  • Less than engaging narration.

  • No free trial period.

A Few Final Thoughts

During my time spent as a student I have completed several finance and accounting classes. My past experience with financial education dealt primarily with theoretical finance theories, and algorithms with limited real-world impact. Lumovest deviates from the status quo. Lumovest’s program is designed for real-life application. The fact that you can actually put these concepts to work to improve your financial future is where the value lies in this program.

If you are interested in gaining investing knowledge and skills that you can actually use, then Lumovest is a program worth considering. If you prefer a more passive style of investing through index funds, then this course, while still highly informative, might not be what you are looking for. I personally have unique fascination with all things finance. So for me, the course was captivating and useful. Lastly, at $30 a month it is a true bargain compared to alternative financial education opportunities on the market.

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About the Author:

Darian
Hi, I'm Darian! I am a twenty-something insurance professional working on my ultimate quest for financial freedom. I hope you enjoyed this article. Stick around to learn more about financial strategies to manage debt, save more, spend less, and live the life you want.