Lesson 1Commodities exposure for individuals: ETFs, ETNs, commodity-linked structured productsCovers how people get into commodities via ETFs, ETNs, and linked products, comparing setups, roll gains, tracking slips, partner risks, tax rules, and how they fit in varied holdings.
Physical vs futures-based commodity ETFsETNs, issuer credit risk, and payoff termsRoll yield, contango, and backwardation effectsTracking error and benchmark selection issuesCommodity-linked structured product featuresTax, K‑1s, and portfolio role of commoditiesLesson 2Collectibles and tangible assets (art, wine, watches): valuation, provenance, storage, consignment marketsReviews collectibles like art, wine, watches, stressing value methods, origin checks, keeping and cover, shared and group setups, and how sales and bid markets work.
Art, wine, and watch market overviewsValuation drivers, comps, and rarity premiumsProvenance, authenticity, and fraud risksStorage, insurance, and logistics solutionsFractional ownership and fund structuresAuction, dealer, and consignment channelsLesson 3Real estate crowdfunding and fractional property platforms: structure, returns, feesDetails property crowd funding and shared ownership sites, with deal setups, share vs loan offers, hoped returns, cost levels, cash limits, and judging backers, areas, and site dangers.
Equity vs debt real estate deal structuresSingle-asset vs diversified property vehiclesSponsor due diligence and track record reviewProjected returns, waterfalls, and stress testsPlatform, asset management, and other feesLiquidity limits, lockups, and exit optionsLesson 4Venture capital and angel investing platforms: deal flow, syndication, carry, dilution, minimumsExplains online venture and angel sites, covering deal finding, group setups, share and thin mechanics, least amounts, and judging entry, dangers, and time lines.
Platform-based deal sourcing and screeningSyndicate structures, SPVs, and lead investorsCarry, fees, and investor return waterfallsEquity dilution, follow-on rounds, pro rataMinimum check sizes and portfolio constructionRisk, illiquidity, and exit time horizonsLesson 5Tokenized securities and security tokens: legal wrapper, platforms, custody, secondary marketsCovers tokenized shares and tokens, with legal covers, issue sites, investor fits, holding and move agents, side trade spots, and how tokens boost cash flow and close deals.
Security token legal and regulatory basicsPrimary issuance platforms and workflowsInvestor accreditation and KYC processesCustody, transfer agents, and cap tablesSecondary trading venues and liquidityBenefits and limits of asset tokenizationLesson 6Private credit funds and direct lending: strategies, manager selection, fee and liquidity structuresLooks at private credit groups and straight loans, with main plans, check methods, picker choice, cost and cash setups, rules, and behavior in loan ups and downs.
Direct lending, mezzanine, and specialty financeUnderwriting standards and covenant packagesManager due diligence and track recordFee structures, hurdles, and clawbacksLiquidity terms, gates, and side pocketsCycle risk, defaults, and recovery patternsLesson 7Cryptocurrencies and tokenized assets: on-chain fundamentals, token economics, custody optionsExamines crypto coins and tokenized items, stressing chain basics, token money rules, agreement and rewards, holding choices, trade and code risks, and judging entry and size.
Layer-1 vs application and utility tokensOn-chain metrics, usage, and network effectsToken supply schedules, burns, and emissionsCentralized vs self-custody wallet optionsExchange, smart contract, and protocol risksPosition sizing, volatility, and regulationLesson 8Peer-to-peer lending and consumer/business marketplace loans: underwriting, credit tiers, defaultsLooks at peer loans and market loans to people and firms, stressing check models, credit levels, hoped misses, site rewards, service, and building and watching loan sets.
Platform underwriting models and data sourcesConsumer vs business loan product structuresCredit tiers, pricing, and expected loss ratesDefaults, recoveries, and collection practicesDiversification, sizing, and reinvestment plansRegulation, platform risk, and conflictsLesson 9Hedge fund and liquid alternative wrappers available to individuals: strategies, liquidity, fee alignment, platform accessIntroduces hedge and liquid alt covers for people, listing common plans, cash terms, cost matches, site entry paths, leasts, and ties to wider holdings.
Common hedge fund and liquid alt strategies’40 Act liquid alt and UCITS fund structuresLockups, gates, and redemption mechanicsManagement, performance, and hurdle feesPlatform access, minimums, and ticket sizesRole in diversification and risk budgeting
