Lesson 1Commodities access for individuals: ETFs, ETNs, commodity-linked structured productsThis part covers how individuals get into commodities using ETFs, ETNs, and structured products, comparing setups, roll benefits, tracking mistakes, partner risks, tax handling, and how these fit in mixed portfolios.
Physical versus futures-based commodity ETFsETNs, issuer credit risk, and payoff detailsRoll benefits, contango, and backwardation impactsTracking mistakes and benchmark choice problemsFeatures of commodity-linked structured productsTax, K-1s, and role of commodities in portfoliosLesson 2Collectibles and physical assets (art, wine, watches): valuation, origin, storage, consignment marketsThis part reviews collectibles and physical assets like art, wine, and watches, focusing on valuation ways, origin checks, storage and insurance, shared and fund setups, and how consignment and auction markets work.
Overviews of art, wine, and watch marketsValuation factors, comparisons, and rarity extrasOrigin, genuineness, and fraud dangersStorage, insurance, and transport solutionsShared ownership and fund setupsAuction, dealer, and consignment waysLesson 3Real estate crowdfunding and shared property platforms: setup, returns, feesThis part details real estate crowdfunding and shared property platforms, including deal setups, equity versus debt offers, expected returns, fee levels, cash limits, and how investors check sponsors, markets, and property risks.
Equity versus debt real estate deal setupsSingle-asset versus mixed property vehiclesSponsor checks and past record reviewProjected returns, waterfalls, and stress checksPlatform, asset management, and other feesCash limits, lockups, and exit choicesLesson 4Venture capital and angel investing platforms: deal flow, group funding, carry, dilution, minimumsThis part explains how online venture and angel platforms operate, including deal finding, group setups, carry and dilution workings, minimum amounts, and how individuals check access, risks, and expected times.
Platform-based deal finding and screeningGroup setups, SPVs, and lead investorsCarry, fees, and investor return waterfallsEquity dilution, follow-on rounds, pro rataMinimum amounts and portfolio buildingRisk, low cash, and exit time framesLesson 5Tokenized securities and security tokens: legal cover, platforms, custody, secondary marketsThis part explains tokenized securities and security tokens, covering legal covers, issuance platforms, investor eligibility, custody and transfer agents, secondary trading spots, and how tokenization changes cash and settlement.
Security token legal and regulatory basicsPrimary issuance platforms and workflowsInvestor accreditation and KYC processesCustody, transfer agents, and cap tablesSecondary trading spots and cashBenefits and limits of asset tokenizationLesson 6Private credit funds and direct lending: strategies, manager choice, fee and cash structuresThis part explores private credit funds and direct lending vehicles, including main strategies, underwriting ways, manager choice, fee and cash structures, agreements, and how these funds act across credit cycles.
Direct lending, mezzanine, and specialty financeUnderwriting standards and agreement packagesManager checks and past recordFee structures, hurdles, and clawbacksCash terms, gates, and side pocketsCycle risk, defaults, and recovery patternsLesson 7Cryptocurrencies and tokenized assets: on-chain basics, token economics, custody choicesThis part looks at cryptocurrencies and tokenized assets, focusing on on-chain basics, token economics, consensus and incentives, custody choices, exchange and smart contract risks, and how individuals check access and sizing.
Layer-1 versus application and utility tokensOn-chain measures, usage, and network effectsToken supply schedules, burns, and emissionsCentralized versus self-custody wallet choicesExchange, smart contract, and protocol risksPosition sizing, volatility, and regulationLesson 8Peer-to-peer lending and consumer/business marketplace loans: underwriting, credit levels, defaultsThis part explores peer-to-peer lending and marketplace loans to consumers and businesses, focusing on underwriting models, credit levels, expected defaults, platform incentives, servicing, and how investors build and watch loan portfolios.
Platform underwriting models and data sourcesConsumer versus business loan product setupsCredit levels, pricing, and expected loss ratesDefaults, recoveries, and collection practicesDiversification, sizing, and reinvestment plansRegulation, platform risk, and conflictsLesson 9Hedge fund and liquid alternative wrappers for individuals: strategies, cash, fee alignment, platform accessThis part introduces hedge fund and liquid alternative wrappers open to individuals, outlining common strategies, cash terms, fee alignment, platform access routes, minimums, and how these vehicles work with broader portfolios.
Common hedge fund and liquid alt strategies’40 Act liquid alt and UCITS fund setupsLockups, gates, and redemption workingsManagement, performance, and hurdle feesPlatform access, minimums, and ticket sizesRole in diversification and risk budgeting
