Critically important: There's no secret or BS 'guy behind the guy' nonsense.
RUN from complexity.
Your financial life should be really simple: Spend less than you earn and invest in a total stock market (or S&P 500) index fund.
Nothing new here but outperforming the market has basically been impossible over the past 1-2 decades
Index funds don't give you average returns
They almost guarantee you'll be in the top quartile or decile over the long run
New SPIVA report:
https://t.co/2odWnp0mcP
Powerful chart from @awealthofcs about how it all averages out in the long run. The orange bars are 1-year returns in the market. The blue line shows the rolling 30-year returns. Amazing how stable it is in the end...?
"One Year Returns Don't Matter" https://t.co/ketpK2T6EH
The Bogleheads® three-fund portfoio.
It’s simple, ultra-low-cost, globally-diversified, and relatively tax-efficient.
When #investing, it generally doesn’t get much better than the below.
A truly important book for everyone to read about physical health, longevity & emotional health. Full of information and tools. This is a true gem. @PeterAttiaMD
We miss out on opportunities when we only ask what could go wrong. It's also worth asking what could go right.
Change carries risk: we might fail. But sticking to the status quo also brings risk: we might fail to grow.
It's better to test and learn than to never test at all.
Don't underperform the markets, and you will outperform almost everyone else. This is a proven fact. Buy and hold a few broadly diversified stock and bond index funds or ETFs based on your situation and stay the course. This is the key to investment success. It's that simple.
Index funds, by their nature, make investing much simpler. We no longer need to guess which active funds will outperform or change funds when they don’t. Index funds and ETFs earn the returns of the markets, and this has proven to be THE superior lifetime investment strategy.