You should really need to be a novice investor just once. We are all novice investor one time or another. But some people remain a novice their entire life, never moving beyond the novice phase. Beyond novice doesnât mean that you achieve expert status. That is really hard. Not everyone can be a Warren Buffett, or a Jim Rogers. Beyond novice means that you are financially literate enough to decipher what is happening in the investment marketplace, it means that you are able to make your own independent financial decision, it means you are able to decide on what you should invest in, it means you can defend against unsavoury characters in the investment industry. I believe everyone can reach these level of financial literacy if given the proper foundational training.Â