When I was in my late teens, I visited local thrift stores on a regular basis in search of self-help books. I didn’t know exactly what I hoped to find, but I knew I wanted to learn what it takes to become successful. As I pored over heaps of battered and bruised books, I eventually became fixated on financial literature. That’s where I found books like The Complete Guide to Money and Investing for Dummies.
Those books inspired my financial self-education and my pursuit of financial goals I’d never imagined were possible. I not only discovered that a solid investment strategy was critical to achieving even my most modest financial goals, but I also learned that seemingly unreachable financial goals were actually within reach. With this newfound realization, I suddenly wanted to learn as much about investing as I could.
Learn to Invest by Rubicoin is made for people like my teenage-self – or anyone with a strong desire to learn about investing and financial planning. Rubicoin has built a pair of apps – Learn by Rubicoin and Invest by Rubicoin. While both can be useful resources for investors, today I want to focus on Learn.
What is Rubicoin Learn?
As I mentioned earlier, the Learn App was created in tandem with the better known Rubicoin Invest App. The Invest App is like a Netflix subscription on your phone, but for investors. The Invest App gives users access to Rubicoin’s stock evaluations, portfolio management strategies and more. But before users dive into Rubicoin’s Invest App, they’ll probably want to explore the Learn App to get a sense of what Rubicoin is all about.
The Learn App is Rubicoin’s educational component. It allows users to skip the trip to the library. Instead users can go to their smart phone app for mini-lessons about personal finance and investing. And best of all, the Learn App is completely free!
Who is Rubicoin Learn For?
One of Rubicoin’s primary goals with their Learn App is to demystify investing. Do you know someone who’s leery of investing their hard-earned dollars in the stock market? The Learn App is geared toward helping those types of individuals better understand the risks and reward of the stock market as a financial vehicle. This can take stock market skeptics who are missing out on returns by sitting on the investing sidelines and convert them into confident, well-informed investors who can embrace the market and use it to achieve their personal goals and dreams.
Is Rubicoin Learn Really Free?
Yes, Rubicoin Learn won’t cost you a thing! Plus, you won’t encounter those pesky pop-up ads that typically come with free apps. Presumably, Rubicoin’s goal is to impress users so much with their free app that they’ll pay a small monthly fee to subscribe to the Rubicoin’s Invest App. That probably means that Rubicoin’s Learn App will always provide a clean and enjoyable user experience.
How Does Rubicoin Learn Work?
Rubicoin Learn is an app-based learning program available on both iOS and Android devices. When you open the Learn App, you’ll arrive on your home page which displays how much of their program you’ve completed. Beneath that you can access your next lesson.
Lessons are arranged in a six-module program. And each module contains mini-lessons. These bite-sized lessons help users absorb simple, straightforward investing advice without feeling overwhelmed.
Users are also given the option to read or listen to each lesson. If you choose the read option, you’ll find that the layout is similar to reading a book on an Amazon Kindle. Those who prefer to listen to their lessons will enjoy the clear and lively performance by the narrator.
Either way, you’ll easily be able to finish the entire program in just a couple weeks if you compete a few lessons each day.
What You’ll Learn
Rubicoin Learn is filled with information that we probably all wish we had learned during high school. The app breaks lessons about investing into six sections:
- Why Invest? Answers the question “Is investing necessary to achieve your goals?”
- Basics of Investing. Explains essential investing terminology.
- Finding Great Companies. How to hunt for profitable investment opportunities.
- Looking Deeper into Companies. Examines the Xs and Os of researching companies to invest in.
- Your Investing Life. Learn about investing timelines and portfolio building.
- Getting Started. Learn how to purchase your first stock.
Each lesson provides sound information about investing and gives users the confidence and motivation to start investing in the stock market. While the material is accurate and interesting for the most part, keep in mind this guide also quietly functions as an advertisement for their paid subscription app. That means you won’t find too much information about mutual funds, bonds, or real estate. Rubicoin Learn is all about individual stocks.
For instance, Rubicoin Learn discusses strategies for building a balance portfolio of stocks. On the surface this sounds great. However, the method the app recommends for achieving this balance is a bit foolhardy. The app suggests that first-time investors buy individual stocks from various market sectors until their portfolio is comprised of 6 to 12 companies. Once you reach that point, they suggest that you simply continue introducing new companies to the mix.
In my opinion, this creates motley investors who are exposed to unnecessary risk as they build the foundation of their investment portfolio. Never mind the fact that 6 to 12 stocks can hardly be considered diversity. To my mind, it would be far more prudent to build your core with ETFs selected by professional firms and later incorporate individual stocks picks as satellite investments.
Free to use
- Easy-to-understand explanations of fundamental investment concepts
- User-friendly app design
- Choose whether you’ll read lessons on your phone or listen to audio recordings
Advice is limited to investing individual stocks
- Sometimes feels like an advertisement for the Rubicoin Invest App
- Advice is biased toward an individual stock investment strategy
Is the Rubicoin Learn App Right for You?
The Learn App is ideal for anyone interested in learning basic investment concepts. Even if 100% of your money was placed in an S&P 500 fund, I think it would still be worth understanding how to evaluate individual stocks. After all, millions of people have a 401k but don’t have a clue how the underlying investments actually work.
While the app provides a useful intro to picking individual stocks, the lack of material pertaining to other investment strategies subtracts from the overall value of the app. I think it’s important that investors recognize that individual stocks should only comprise a small percentage of their overall portfolio. So, if you decide to check out either Rubicoin’s Learn or Invest Apps, make sure you don’t base your entire investment strategy on the techniques described in these apps. By understanding that these lessons are just one piece of your overall financial puzzle, you can really maximize the benefits that this app has to offer!