What to do before you invest, how to set your first allocation, lump sum versus regular buying, the invisible costs, and the behavioral discipline of the first year. The first two lessons are free.

Before you begin

Build your first portfolio

The first year

Saving money is one skill; turning it into an investment is another. This course builds the second, step by step.

Your First Portfolio: Turning Savings Into Investments

The real measure of diversification: risk driver, correlation, effective position count, and concentration. The hidden shared drivers in home-market portfolios, the instability of correlation, and the cost of over-diversification. The first two lessons are free.

Break the illusion

Measure

Build and bound

Your portfolio can hold twenty rows and still carry a single risk. The difference is not the count - it is the driver.

The Diversification Lie: Why 20 Stocks Will Not Protect You

A stress-test method: building scenarios, drawdown and recovery arithmetic, liquidity and the forced-selling trap, how correlation behaves in a crisis, and a written crisis plan. No crisis magnitudes are claimed; the method is taught. The first two lessons are free.

Why rehearse?

Build the scenario

Turn it into a plan

An average year does not test you. A portfolio shows its character in its worst quarter.

Crisis Rehearsal: Is Your Portfolio Ready for a Bad Day?

Learn rebalancing not as a forecasting tool but as a discipline: why a portfolio drifts, the mechanics of returning to target, emotional resistance and why a system beats willpower, calendar vs threshold methods, cost and tax, and building a rule you can actually apply. It suggests no specific mix; it teaches the system. The first two lessons are free.

See the drift

Build the system

Apply it

Your portfolio drifts silently and grows its risk without asking you. Rebalancing is the discipline that corrects that drift and puts a system in place of emotion.

Rebalancing Discipline: Replace Emotion With a System

Reading the correlation matrix, finding hidden clusters, the window and regime effect, deciding which position to trim, adding an asset that truly diversifies, and keeping the map alive. Companion to the diversification course. The first two lessons are free.

Read the map

Test its reliability

Turn it into a decision

Which positions in your portfolio are really playing the same bet? The map shows it; the decision is yours.

Correlation Map: Spot the Ones That Sink Together

Build a sustainable passive income machine with dividends and reinvestment (DRIP): the real cost of passive income (capital), what a dividend actually is, the yield trap, the DRIP compounding engine, the total-return frame and tax. Recommends no specific stock; teaches the physics of the machine. First two lessons are free.

Understand the machine

Run the engine

Sustain it

Passive income is not a button, it is a machine. First you build it, then you feed it fuel — and the physics of the machine are brutally honest.

The Passive Income Machine: Dividend & DRIP Math

The math of financial independence: finding your enough number (annual expenses x a multiple), what the safe withdrawal rate is AND is not, sequence-of-returns risk, real withdrawal under high inflation, flexibility and the FIRE spectrum. Not a retirement plan; it teaches a framework and guarantees no specific rate. First two lessons are free.

Find the threshold

Understand withdrawal

Build the plan

FIRE is not a wealth race, it is a threshold: the moment your machine covers your expenses, you are free. So where is that threshold and how much can you safely withdraw?

FIRE: Early Retirement & the Safe Withdrawal Rate

The discipline of turning a decision into a real order: the execution gap, the anatomy of an order ticket, order types (market/limit), execution mistakes and closing the loop (done -> record -> verify). The academy finale; it ties five paths into one discipline. Alvest does not trade, it keeps your record. First two lessons are free.

Cross the gap

Execute correctly

Close the loop

Even the best plan is just paper until it is executed. This course masters the last and most neglected step between decision and portfolio — execution.

From Order Ticket to Portfolio: Turn Decision into Action

Which path is right for you?