About us: I am Sumeet, and I started this website StartOptions.com in September 2020 (along with Finpins.com – be finlightened – combination of words finance and enlightenment, in December 2019) out of a passion to empower more people with the right knowledge on investing and trading stock options.
The more I talk to people, the more I am shocked to learn the state of financial awareness. I reflected back on my own life and realized that there’s little to no formal education provided in schools (and even colleges) regarding apparently the most important aspect of an adult life – finance! Even less education is freely available on investing in the stock market.
I have met people who have lost huge amounts while betting on stock options without even fully understanding the risks that come with trading options. Let’s change that! I am committed to simplifying the language so that anyone can understand how stock options work, and what are the risks and benefits of trading stock options.
Background about me
I was lucky enough to know about resources early on in my life and initially self-taught finance to me through trusted online resources, and later took on college level courses in economics and finance, and later added to that with an MBA with a focus on finance at Emory University.
Finance, the word by itself, scares away a lot of people as being quantitative subject. It doesn’t have to be scary and in most cases people need to understand just a few basic concepts to make 90-95% of their life’s decisions. Those decisions can pay off in the long run. This is an attempt by me to make finance easy to understand and implement. I have tried my best to cut out the jargon and not make it look like a text book.
About 50% of Americans shy away from investing because they fear losing money or are unaware of the process of investing. Less than 20% of Americans ever buy or trade a stock option in their lives. The hesitation and apprehension is justified, as investing involves risk of losing money. But, the same fear keeps people away from investing and instead people hold on to the cash for decades, eroding the monetary value by 2-3% every year due to inflation.
That’s why I decided to break down the complexity and enable people to make informed decisions. Knowledge is power and everyone should weigh the pros and cons of every money related decision. I hope this helps a few thousand people on their journey called life.
Please take a moment to see how much you can score on the financial literacy quiz. Can you score 5/5 on it?
I’m rooting for you.
Other places where I contribute