JL
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I keep 2-3 years of expenses in cash (checking+VMFXX) and the rest of my portfolio is in VTSAX. Yes, it's really that simple. Read The Simple Path to Wealth by JL Collins and you can pretty much understand my investment philosophy since I stopped day trading in 2000. I really wish that book existed when I was a teenager. I had a paid off house that I built in my 20s and sold shortly after I hit my FI number because I hated home ownership. It was tough putting hundreds of thousands of dollars into VTSAX in 2019, but I'm really glad I did since the stock market crushed the returns that my house had over the past 6+ years. Time in the market.
If you are open to alternative ways of investing in a simple way, consider watching [https://youtu.be/V360AygOv7A?si=voCHpuusdlmY1eLr](https://youtu.be/V360AygOv7A?si=voCHpuusdlmY1eLr) (JL Collins talking about his book “The Simple Path To Wealth") I have been investing for about 25 years and thought that I had an edge; my net worth would have been at least 25% more if I had followed the above simple approach. The difference is a substantial amount for my portfolio, which would have allowed me to retire early by now. The above approach would allow you to focus on your profession, which funds most of the future investment cash, and spend time on things you enjoy in life.
Good for you! Just saw an interview with JL Collins and that's exactly what he was talking about. Can I ask how much you much did you start with 10 years ago and how much did you contribute yearly? Traditional IRA Or Brokerage account?
OK Cool. My point is he was a gambler, and he did admit in the end that only WB style buy and hold makes really sense on WS. Of course you have to know whta to buy and when. IF YOU ALREADY KNOW THAN BUY AND ADD. Well it is my opinion based on my crazy life. Made and lost milions not like JL at the same time for me it was very intersting expirience
Read “The Simple Path to Wealth” by JL Collins. You’ve discovered the power of compound interest, one of the most insane forces in the known universe. Keep it simple stupid, voo/qqq split will get you a long way over time!
Read "The Simple Path to Wealth" by JL Collins. I wish I had when I was your age. It not only talks about what you should be investing in but also the mindset you should have when doing so.
And JL Collins' interviews on YouTube, and his book "A simple path to wealth", he basically wrote for his daughter.
Check out the book: The Simplest Path to Wealth by JL Collins. Bogleheads stuff too.
I will recommend that you watch [https://youtu.be/V360AygOv7A?si=voCHpuusdlmY1eLr](https://youtu.be/V360AygOv7A?si=voCHpuusdlmY1eLr) (JL Collins talking about his book “The Simple Path To Wealth") If you follow the above advice, you can focus on your career or do things that you enjoy in life.
Don't try to learn everything at once, you'll burn out. I started by just trying to understand passive index fund investing. Read "The Simple Path to Wealth" by JL Collins. It's recommended constantly for a reason. It will give you a rock-solid foundation and cut through 99% of the noise. Start there.
Are you more focused on building wealth or preserving wealth? Both have vastly different goals and outcomes. If you're seriously interested in growing stable retirement savings and building a nest-egg, definitely diversify. Are you giving up potential gains by doing so? Sure. You're also giving up potential losses as well by diversifying, especially using indexing. Stock indexes compile hundreds or thousands of stocks. If a company fails and goes broke, it gets taken off the list and replaced. VTSAX and VIGAX at Vanguard are a good place to start. If you have a high risk tolerance, hold onto your stocks and diversify elsewhere in your portfolio. You also avoid capital gains taxes from the sale of your best winners. Just know that it could be a very bumpy ride. If, god forbid, MSFT or another FAANG/GAFAM company goes under, you're screwed. Are you comfortable with that level of risk for the potential upside? It boils down to this: a) sell off some % of your individual stocks, pay some tax, and insulate yourself from some level of market fluctuation, and bet on a pretty dependable 8-15% growth over the next 30 years in something like S&P500. or b) accept the risk of those big corps going under, but hold onto the great gains you've made, while still being able to diversify elsewhere I'd lean toward option b if you're young, healthy, and stable. If you're close to retirement, it may be time to sell "cats and dogs" for more stable stock and bond index funds. Good luck. PS: if any of this looks like what JL Collins would say, you're spot on. Look him up if you're not familiar.
read “The Simple Path to Wealth” by JL Collins
Google Bogleheads 3 fund or read the book Simple Path to Wealth by JL Collins. Simple approach is the best approach. If you really want to keep it simple, VTI or VTSAX. Same allocation but one is an ETF, other a mutual fund. I think people get bogged down on details but really you should just be starting the clock. Time is your best asset. Hope this helps.
It’s a Peter lynch quote. For more detail, read Nick Maggiulis “just keep buying” or Morgan Housel’s “psychology of money” or JL Collins “simple path to wealth”
Look at the Google interview on JL Collins, the author of simple path to wealth. It'll make you less confused about trading. Video is on YouTube. You welcome.
I would strongly advise you to get up to speed with r/bogleheads. It’s a proven investment strategy that is designed to be easy to learn, easy to follow, & requires almost no effort. There’s a short, well written book that’s straightforward called A Simple path to Wealth by JL Collins that lays it out. Basically after getting rid of her debt & setting up a 3 month emergency fund, the rest should be invested in something like a Vanguard total index fund & all dividends should get reinvested.
Highly recommend The Simple Path to Wealth. It's a quick read that pretty much boils down to "throw it all in VTSAX." (Or VTI, for you young people.) That's exactly what I did in my 20s up until I retired at 35 and still have now at 43. You will outperform most asset managers over the long-run holding only that one fund. If you want SparkNotes version, search for JL Collins' article titled: How I Failed My Daughter and a Simple Path to Wealth I would link it here, but this sub doesn't like links.
Please read Simple Path to wealth by JL Collins
get it mate 🤙🏻 
Check out JL Collins etc and r/bogleheads
You should read "The Simple Path to Wealth" by JL Collins. It explains the math behind why index investing works so well.
First, a word of caution: this is a life-changing amount of money. Be careful about taking advice from strangers on the internet (including this comment!). Here's a summary of the best advice you'll find here and in similar threads: 1. **Educate Yourself:** Read a couple of well-regarded, simple books on investing. "The Simple Path to Wealth" by JL Collins is a common recommendation. This will give you the confidence to make your own decisions. 2. **Consider a Fee-Only Financial Advisor:** They can provide personalized advice without a conflict of interest. Make sure they are a "fiduciary." 3. **Keep it Simple:** For many, a low-cost, diversified index fund portfolio (like a simple three-fund portfolio) is a great, proven strategy for long-term growth. Good luck!
I recently read something that made sense to me (JL Collins I think)… he said dumping money in slowly is based upon the idea you can hit the declines, but that around 2/3 of the time the market goes up any given day or month, so your money isn’t getting the upward bumps either if it’s sitting on the sideline. Therefore, lump sum in and let it ride.
Read some books to educate yourself. "A Simple Path to Wealth" by JL Collins is a great start.
Sucks about your bro, it's a very kind gift. The best thing to do would be to teach your kids some financial proficiency and learn some yourself so you don't have to ask randoms on Reddit. Start by reading "A Simple Path to Wealth" by JL Collins and have each of your kids read a copy as well. I gave a copy to each of my kids when they were teenagers. Your kids have to have earned income, like a W2 or a 1099 to be able to contribute to a Roth IRA. So that likely won't work for all of them. The best thing to do with a small portion of the funds is take a trip with your kids to celebrate your brother. Go someplace your brother would enjoy or wanted to visit. Celebrate his life, build memories, show old videos of your brother/pics, tell stories of growing up with him.
* How do you not get into the hype of short term wins? * Short term wins are fine when they are the result of sound investing decisions, I like looking at my portfolio when its a wall of green. Just don't get suckered into gambling on risky stocks. This is how most people lose money. * How do you keep reinforcing the concept of long-term thinking, especially when the market is volatile or when everyone seems to be chasing fast gains? * This just takes time. A 7% return isn't very exciting the first year, but in 10 years your money has just about doubled. Think of it like a snowball rolling downhill. Once you get momentum the growth can be huge even at a small %. * How do you separate good risk from reckless risk? * Each investor decides what degree is acceptable, what is not. At some point you shift from investing to gambling and you have to learn where that line is for you. Broad index investing while it has volatility is typically one of the lowest risk long term approaches and what most suggest for the bulk of their investing. Myself included. * What habits or routines help you stay grounded and stick to your investing plan? * I am an experienced investor so short term volatility or a few days of red don't bother me at all, if you can't handle it without panicking or selling, only check your portfolio quarterly. * Finally, Any books, podcasts, or people you’d recommend for shaping a solid investor mindset? * The Four Pillars of Investing - William Bernstein * The Simple Path To Wealth - JL Collins
Educate yourself, read some books. Start with "A Simple Path to Wealth" by JL Collins.
Destroying an iconic brand. Be nice if Jeep bought by American interest and fully built here including motor. Perhaps Cummins diesel in the JL
Don't own one stock or crypto. JL Collins said it best- own the market. Index funds or ETFs baby and just chill. Also consider switching to vanguard or fidelity or schwab. Vanguard has good customer service. their website interface is kind of wonky but works for me.
Read some personal finance books to increase your knowledge and help you come up with an action plan. 1. I Will Teach You To Be Rich by Ramit Sethi. This is a good intro personal finance book to read. Implement the steps especially automating your finances and you will be in a better financial position. 2. The Simple Path To Wealth by JL Collins. This book is more in depth but its a good followup to the first book and gives more info then the basic personal finance stuff in Sethi's book. Before you can walk you have to crawl so these books are a great foundation.
Read Simple Path to Wealth by JL Colins...I'm very glad i did 5 years ago!
Or the *Simple path to Wealth* by JL Collins (Even better, IMO)
Not a get rich quickly path, I will recommend that you watch [https://youtu.be/V360AygOv7A?si=voCHpuusdlmY1eLr](https://youtu.be/V360AygOv7A?si=voCHpuusdlmY1eLr) (JL Collins talking about his book “The Simple Path To Wealth") If you follow the above advice, you can focus on your career or do things that you enjoy. The above approach will put you in a great position in a 20-30 years timeline.
[link to post](https://www.reddit.com/r/options/s/rpr1PmE5JL)
Start with the basics, Bogleheads guide and JL Collins’ *Simple Path to Wealth* are solid. Low-cost index funds, automatic contributions, and just staying consistent go a long way. Don’t overthink it. Stick with stuff you understand.
Listen to JL Collins, The Simple Path to Wealth, he actually just took the book and made it into an eight part small podcast that’s about an hour long in total. Come back on here with any questions after. I think it will change your life.
I think it's more of a math problem. The stock market always trends up because the most a company value can go down is 100%. On the other side of the coin, the amount a company's value can increase is limitless. This imbalance propels the market up. That's why I love VTSAX for long-term holdings. This mindset came from JL Collins.
An approach to consider would be to send them a book, like "A Simple Path to Wealth" by JL Collins. If they read it, great! If they don't, that's on them. Bringing up the issue more than once, repeatedly trying to convince them verbally and doing more than sending a single book, just makes you insufferable, even though you're right.
I own some books and music CDs that I later learned were out of print and collectors items. the books I all bought used, a few bucks at most. the CDs were about $12 when new. I know people will ask, so for example the debut CD for the instrumental rock group Blind Idiot God is out of print and sells for $50 or more. https://www.amazon.com/Blind-Idiot-God/dp/B000000M1H/ref=sr_1_2?crid=36IR3FKQ0PFZ0&dib=eyJ2IjoiMSJ9.rmt-WONPmjx_D_whFYJWDzcKxFhm_oVy6W92VdYTyBoxBmUJp-X5BhExoWJmkLJZQ-sHrd46zkBF4nJB86Y6ZQ.Bel0aWlV62BL4ibcws3_Y8UP_9B1P65bYn_dSlufrig&dib_tag=se&keywords=blind+idiot+god+cd&qid=1750949365&sprefix=blind+idiot+god+cd%2Caps%2C147&sr=8-2 hardcover copies of the book *The Ultimate Evil* by Maury Terry sell for over $100. https://www.amazon.com/Ultimate-Evil-Terry-Maury/dp/0760761191/ref=sr_1_2?crid=2N698RTWAGFGW&dib=eyJ2IjoiMSJ9.ThlLaBgO4el79Ll-b_77fLMua5dBmdJyaR5R_fN_m9--VXebD5NA0T_y9aBR90Kf92IVSxDyKuKQ7KRLLd3vneBDSvfTnbkOeKSaeSbADBoMGaF8ROzccDR1qJCzGrgoLutwSls3Z19JL8bd70I-kziIQkKDGzmEVOgLWxBETV4epqwZ9M6PozV_LN9WLDuJheVAnqtehDboJ2br_WBPZaSdgVcKP6ctfGFfHKtPGz8.Roppl7QuG4hc87xzXGumhkD10h-5DI6EdUMznYCbP7Y&dib_tag=se&keywords=ultimate+evil+hardcover&qid=1750949470&sprefix=ultimate+evil+harddcover%2Caps%2C212&sr=8-2
Got it. I figured you were pretty young. Have you read The Simple Path to Wealth by JL Collins? It’s a great foundational book about financial literacy and investing. I wish to God I’d read it and comprehended it at your age.
The Psychology of money by Morgan Housel is a great introduction to money and investing and understanding principles of how money works definitely recommended. Simple path to wealth by JL Collins is also a simple guide to how to get to a comfortable retirement. Just change out the fund he recommends (he's in the US) to the french equivalent one or a globally diversified and follow everything else and you won't go far wrong!
Got it. I’m not familiar with French accounts - like do you guys have various types of tax preferred or tax advantaged accounts? That part’s important. But the core advice, regardless of where you live: buy very broad diversified index funds and do it consistently for your whole life - make it automatic out of every paycheck. In the USA, I buy VTI and VXUS at 80/20. That’s a strong home country bias for me, I’ll admit that. I have been considering shifting more to market weight. For you - I *think* the primary European options are VWRD or SWDA for a similar conceptual whole world type strategy. It’s just lower on the USA exposure. Depending how long you have until retirement you may or may not want to add a bond fund on top of that. I’m only 41 and I don’t plan to retire until 65 ~ so I will start adding bonds during my shift from accumulation to preservation mode - around age 50. I strongly recommend the JL Collins book from my last post for any beginner in any country. The examples will be from a USA perspective and the actual instruments and processes will be a little different in France but the philosophies and concepts in the book are applicable around the world and it’s just a really great place to learn the basics.
Read A Simple Path to Wealth by JL Collins. I can’t think of anything that could be a better starting point than that. It’s very strong and time tested foundational financial literacy guide. Are you in the UK?
*I Will Teach You to be Rich* \- Ramit Sethi *A Simple Path to Wealth* \- JL Collins *The Little Book of Common Sense Investing* \- John Bogle
Finally figured out why Tesler rallied today: [FSD tests were a disaster right in front of the press](https://vimeo.com/1093079343/22efd7a62d?turnstile=0.XrXJ7_TyESNZtDKlZu7RhdfFPytwgpIkVyM4nXfoBRsqoA5nd9p57yEvQ0idh-ykbGEq6vhrMC3a3Ibv2OCCD7cRUnyQLOgIE1MiDSjJ2Q9fzQuwJreCOKnVJImtsB8W0UTdhtDCwrMXSRlk0JL4tVNvzEH_8-W-asKgwZtV3gR7wDYuXF5xcVYoHk9zDHL1oO7JFPprXfKzqN_oFGS30Dalu0QO9zfNxPMcMTdDis1bFy7mjdjnltMQiBiNKfMGN0nA-0NiaIosuiOjrNaNF1I_nnYVu9Jpd_Y3Ot0KiUejk0uUyIp5ZU-ITSYCb_3Eid8T2Zr_twRSDsOTpEDfkwP1euCrsjn3zSqKPKyAOGSDx7pGTCe7EPRrjOayUAbFOk5yqBh4aqUqmJ6qB6YXhKEGY8SD8yoWwbqtpOZ01_6hd9xaC98I8U3QjQKbXj4wLcwH0dESAQBijp93AFcVxsipVs55szNoEAiUiXfa_xxhS_grPzwa70owERAVHc6sKykMJ0fcq-SUgWfwF__iQP8QIVAmMH3ZSp3PR7vFhxY2jUAl7zD8Xnb4_vtNiScCnZvz99eskUnCa2XSp9Gm2dc6TOkR-mW6_O_7w0Jg12qTfkSyueO66TiKWAP-8UlguKihyO6Jgv2MCW65AT8_LG5rZALAjnkLjBuircWqsJEN0WYSHiSXlqfzJWmj8jqgaT4SpiIkCrBJLPK6-LAu8JZYw7IJatZILNFPx_W4u_Ct8_9wtIgMbZrIpLGjTvrooJEs3P2OaUuC3dNV8jfwAaePXVBizk5VQafo63f_N6V5Jr5CzJRqvKkZXPc2-PZfZJjLXe1x2a6EuJXpKHP8atyz5rRGwrN-MuiFp5JLM0ERM30ULOW09OmHxLvwawEy.B66FmeLqjxpHZmpyv0N4Bw.67550e2e55a6f13772180f9fdcda1578f03a5f9a6247bcd8bc10acbbfd3441c8) Bullish as fuck 🤡
Park it in a HYSA for now. Purchase “The Simple Path to Wealth” by JL Collins and do what he says. 1. Pay off debts 2. Establish an emergency fund of a couple months’ expenses equivalent. 3. Max out a Roth contribution for this year, make sure it’s invested in a low-fee broadly diversified index fund. 4. Park the rest in a taxable brokerage, and do the same.
"The devil will be in the details, but the lack of reaction suggests this outcome was fully expected," said Chris Weston, head of research at Pepperstone in Melbourne. "The details matter, especially around the degree of rare earths bound for the U.S., and the subsequent freedom for U.S.-produced chips to head east, but for now as long as the headlines of talks between the two parties remain constructive, risk assets should remain supported." Signs of the curbs loosening surfaced in China, as several Shenzhen-listed rare earth magnet firms, including JL MAG Rare-Earth (300748.SZ), Innuovo Technology (000795.SZ), and Beijing Zhong Ke San Huan (000970.SZ), said they have obtained export licenses from Chinese authorities.
*The Little Book of Common Sense Investing* \- John Bogle *A Simple Path to Wealth* \- JL Collins *I Will Teach You to be Rich* \- Ramit Sethi
[The Simple Path to Wealth by JL Collins](https://www.amazon.com/Simple-Path-Wealth-financial-independence/dp/1533667926)
There was a great short interview I listened to this week with JL Collins the author of the book The Simple Path to Wealth where he makes the point that the market doesn’t care about your feelings or predictions and that smart people with good points are wrong CONSTANTLY. And that goes both ways He argues that the best thing to do is continuously invest a set amount at the same time and forget about trying to predict the market because you are going to be wrong I just think it’s an important thing to remember for all the bears and bulls who are sure they know what’s coming
You should read a book or two first on asset allocation and passive investing. JL Collins Simple Path to wealth is a good start. if the answer isn’t obvious after that dm me.
Read the book The Simple Path to Wealth by JL Collins. You’re welcome.
Sorry for your loss. I'll give you the same advice I give to everyone. Start by reading JL Collins The Simple Path To Wealth. Everything you need to know to get started is in there and you already have a head start.
1) Pretend the money doesn’t exist. Just live your life as you would and let this thing compound. 2) Start for now with a high yield savings account. 3) Learn about investing, so you’re not doing anything you don’t understand. A Simple Path to Wealth by JL Collins is a great starting point. I would also recommend listening to podcasts like the Money Guy or Rational Reminder. 4) Once you’ve learned about investing, start investing with a plan you are really comfortable with and understand. You don’t have to do everything at once. A year of the money sitting in a high yield savings account is not the end of the world.
Learn how to manage money. It's not that complicated if you take the time to absorb material and pace yourself. [https://www.reddit.com/r/personalfinance/wiki/index/](https://www.reddit.com/r/personalfinance/wiki/index/) *I Will Teach You to be Rich* \- Ramit Sethi *A Simple Path to Wealth* \- JL Collins *TheMoneyGuyShow* channel on YouTube
[https://youtu.be/CaCSuzR4DwM?si=fg0B7cuMNo\_JL3Kh](https://youtu.be/CaCSuzR4DwM?si=fg0B7cuMNo_JL3Kh)
worse long term, yes, absolutely. and the really bleak picture is that historically weakening great powers (china, right now) tend to become more militaristic to offset that. geopolitics & macro matter a huge amount right now, and that takes even more research than usual. the last 40 years in US markets were a layup compared to the present (except for helpful deficits, until they aren't anymore). It's a very complex time. [https://youtu.be/vDBZeHhx3YE?si=lS2JL96oE5qdhd6j](https://youtu.be/vDBZeHhx3YE?si=lS2JL96oE5qdhd6j) [https://youtu.be/Dfbv2eHEdbY?si=H1c-7gwTDwtvGGbT](https://youtu.be/Dfbv2eHEdbY?si=H1c-7gwTDwtvGGbT)
As JL Collins says, ["Toughen up, bucko, and cure your bad behavior."](https://jlcollinsnh.com/2012/04/15/stocks-part-1-theres-a-major-market-crash-coming-and-dr-lo-cant-save-you/)
This is an order-of-operations flowchart. It may be useful. https://www.reddit.com/r/financialindependence/s/p8Q5lErAY7 Financial blogs, books and podcasts: Library Books: Simple Path to Wealth (JL Collins, if you read only one, start here) - Your Money or Your Life (Robin); Broke Millennial (Lowry); CleverGirl Finance (Sokunbi); Millionaire Next Door (Stanley/Danko); The Index Card (Olen); I Will Teach You to be Rich (Sethi); Building Wealth And Being Happy (Falco); Get it together - organize your records so your family won't have to (Cullin, NOLO) and 8 Ways to Avoid Probate (Randolph, NOLO). Two free books: https://paulmerriman.com/millions-downloads/ New to being on your own? https://www.etf.com/docs/IfYouCan.pdf (each selection has its own voice). Blogs/sites: http://mrmoneymustache.com — http://iwillteachyoutoberich.com - http://gocurrycracker.com — you don’t need to buy anything to read the blogs. How do I get started investing? https://www.bogleheads.org/wiki/Getting_started —— https://www.reddit.com/r/financialindependence/wiki/faq/ Podcasts: Optimal Daily Finance — Stacking Benjamins — ChooseFI * — Big Picture Retirement - lots more. Start from the earliest available episodes and work chronologically to today, as many of these build on prior episodes in knowledge and evolve over time. * except for ChooseFI - they didn’t hit their stride until episode 100. Online classes for personal fi and financial literacy: https://www.khanacademy.org/college-careers-more/personal-finance and https://www.khanacademy.org/college-careers-more/financial-literacy https://www.reddit.com/r/personalfinance/wiki/commontopics/
Useful investing books: - If You Can: How Millennials Can Get Rich Slowly – an excellent free 15 page PDF by William Bernstein: [DOWNLOAD LINK](https://www.etf.com/docs/IfYouCan.pdf) - I Will Teach You To Be Rich by Ramit Sethi - **The Simple Path To Wealth** by JL Collins - **The Little Book of Common Sense Investing** by John “Jack” Bogle - **A Random Walk Down Wall Street** by Burton Malkiel - **The Millionaire Next Door** by Thomas Stanley - **The Psychology of Money** by Morgan Housel - Winning the Loser’s Game by Charles Ellis - The Bogleheads’ Guide To Investing by Mel Lindauer, Taylor Larimore, Michael LeBoeuf - The Index Card by Helaine Olen, Harold Pollack - How A Second Grader Beats Wall Street by Allan Roth - Just Keep Buying by Nick Maggiulli - The White Coat Investor: A Doctor’s Guide to Personal Finance and Investing by James Dahle - How To Make Your Money Last by Jane Bryant Quinn - Retire Before Mom and Dad by Rob Berger - The Five Years Before You Retire by Emily Guy Birken - How To Plan for the Perfect Retirement by Dana Anspach (The Great Courses) - Retirement Planning Guidebook by Wade Pfau - Retirement Planning for Dummies by Matthew Krantz - The New Retirement Savings Time Bomb by Ed Slott - The Bogleheads’ Guide To Retirement Planning by Taylor Larimore et al - Living Off Your Money by Michael McClung - The Number by Lee Eisenberg - The Wealthy Gardner by John Soforic - The Richest Man in Babylon by George Clason (Also an updated “Modern Language Edition”) - The Wealthy Barber by David Chilton - Enough by John Bogel - Your Money or Your Life by Vicki Robin, Joe Dominguez - Early Retirement Extreme by Jacob Lund Fisker - Fables of Fortune: What Rich People Have That You Don’t Want by Richard Watts - Quit Like A Millionaire by Kristy Shen, Bryce Laung - Die with Zero by Bill Perkins - Against The Gods: The Remarkable Story of Risk by Peter Bernstein - Devil Take The Hindmost: A History of Financial Speculation by Edward Chancellor - In Pursuit of the Perfect Portfolio by Andrew W Lo and Stephen R Foerster - The Four Pillars of Investing by William Bernstein (second edition 2023) - All About Asset Allocation by Rick Ferri - The Missing Billionaires by Victor Haghani and James White Useful podcasts financial: - **The Money Guy Show** (Brian Preston and Bo Hanson) Since 2006 with over 823 episodes - **Morningstar The Long View** (Christine Benz and Jeffrey Ptak) Since 2019 over 227 episodes - **Rational Reminder** (Benjamin Felix and Cameron Passmore) Since 2018 with 275 episodes - Big Picture Retirement (Devin Carroll and John Ross) Since 2017 with over 164 episodes - Choose FI (Bard Barrett and Jonathan Mendosa) Since 2016 with over 599 episodes. - The Retirement & IRA Show (Jim Saulnier and Chris Stein) Since 2013 with 100 episodes - The Retirement Answer Man (Rodger Whitney) Since 2014 with over 493 episodes - Retirement Starts Today (Benjamin Brandt) Since 2015 with over 243 episodes - Sound Investing by Paul Merriman Since 2019 with over 403 episodes - How To Money (Joel Larsgaard and Matt Altmix) Since 2018 with 676 episodes - The Stacking Benjamins Show (Joe Saul-Sehy and Josh Bannerman) Since 2013, 991 episodes - Sound Retirement Planning (Jason Parker) Since 2009 with over 150 episodes - Stay Wealthy Retirement Show (Taylor Schulte) Since 2017 with over 170 episodes - Ready for Retirement (James Conole) Since 2020 with over 164 episodes - Talking Real Money (Don McDonald and Tom Cock) Since 2014 with over 1,200 episodes - Retirement Planning Education (Andy Panko) Since 2022 with over 76 episodes - Retire with Style (Wade Pfau and Alex Murguia) Since 2022 with over 68 episodes - The White Coat Investor (James Dahle) Since 2017 with over 436 episodes - Bogleheads Live (John Luskin) Since 2022 with over 44 episodes - **Bogleheads on Investing** (Rick Ferri) Since 2018 with over 57 episodes - The Newretirement Podcast (Steve Chen and Davorin Robison) Since 2018 with 71 episodes - Risk Parity Radio (Frank Vasquez) Since 2020 with over 300 episodes - **Your Money, Your Wealth** (Joe Anderson, Al Clopine) Since 2009, over 450 episodes - Mad Fientist (Brandon) Since 2012, over 73 episodes - The Long Game by Thomas Kopelman Since 2020 over 102 episodes - The Dough Roller Money Podcast Since 2013 with 369 episodes - **The Rob Berger Show** by Rob Berger 2020 with 120 episodes - Earn & Invest by Jordan Grumet (Doc G) Since 2018 with 482 episodes - Money For The Rest of Us by J David Stein Since 2014 with over 470 episodes Financial/retirement calculators: - calculator.net https://www.calculator.net/?fbclid=IwAR2ZN-hIGhQvq0mpoxf9GZzqSVo7dfIQZiVl4OCZLzxr08xrun2cWAxYFSw - Bogleheads WIKI list of > 45 calculators free and paid https://www.bogleheads.org/wiki/Retirement_calculators_and_spending - RetirePlan – an app for ipads only – my favorite for ease of use [RetirePlan app](https://apps.apple.com/us/app/retireplan/id435739013) - Rich, Dead, Broke (one of my favorites) – will your money last? [Rich Dead Broke](https://engaging-data.com/will-money-last-retire-early/) Uses historical dataset from Shiller back to 1871. - [FICalc](https://ficalc.app) Simulations run back to 1871 using Shiller’s dataset - [FIRE CALC](https://firecalc.com) Has Monte Carlo option - cFIREsim [Link 1](https://cfiresim.com) [Link 2]( https://alistair-marshall.github.io/cFIREsim-open/) Uses historical dataset from 1871 - The Four Percent Rule Calculator www.fourpercentrule.com - Retirement Withdrawal Calculator – nice 1 page setup - https://www.wealthmeta.com/calculator/retirement-withdrawal-calculator - [Portfolio Visualizer]( https://www.portfoliovisualizer.com/monte-carlo-simulation#analysisResults) uses Monte Carlo, several options available - New Retirement (the paid yearly version is very robust with ability to model Roth Conversions) It also models estimated inflation adjusted tax brackets – helpful to see what tax bracket you will be in during RMD drawdowns. [New Retirement](https://www.newretirement.com) Has Monte Carlo function - Note – projectionlab.com looks very similar but I have not tried it yet. [LINK]( https://projectionlab.com) Has Monte Carlo simulations - Retirement Budget Calculator https://www.retirementbudgetcalculator.com - Open Social Security – helps decide optimal withdrawal ages for spouses [Open Social Security](https://opensocialsecurity.com)
Solid plan. This is an order-of-operations flowchart. It may be useful. https://www.reddit.com/r/financialindependence/s/p8Q5lErAY7 Financial blogs, books and podcasts: Library Books: Simple Path to Wealth (JL Collins, if you read only one, start here) - Your Money or Your Life (Robin); Broke Millennial (Lowry); CleverGirl Finance (Sokunbi); Millionaire Next Door (Stanley/Danko); The Index Card (Olen); I Will Teach You to be Rich (Sethi); Building Wealth And Being Happy (Falco); Get it together - organize your records so your family won't have to (Cullin, NOLO) and 8 Ways to Avoid Probate (Randolph, NOLO). Two free books: https://paulmerriman.com/millions-downloads/ New to being on your own? https://www.etf.com/docs/IfYouCan.pdf (each selection has its own voice). Blogs/sites: http://mrmoneymustache.com — http://iwillteachyoutoberich.com - http://gocurrycracker.com — you don’t need to buy anything to read the blogs. How do I get started investing? https://www.bogleheads.org/wiki/Getting_started —— https://www.reddit.com/r/financialindependence/wiki/faq/ Podcasts: Optimal Daily Finance — Stacking Benjamins — ChooseFI * — Big Picture Retirement - lots more. Start from the earliest available episodes and work chronologically to today, as many of these build on prior episodes in knowledge and evolve over time. * except for ChooseFI - they didn’t hit their stride until episode 100. Online classes for personal fi and financial literacy: https://www.khanacademy.org/college-careers-more/personal-finance and https://www.khanacademy.org/college-careers-more/financial-literacy https://www.reddit.com/r/personalfinance/wiki/commontopics/
Please read "A Simple Path to Wealth " by JL Collins. The book will give you a great start on many different financial topics and set you up for success if you follow it.
*"The best time to call 988 was yesterday.* *The 2nd-best time is...oh?* *All over the linoleum?* *Well...(claps hands together)"* \-JL Collins
Hold your money…. Read The Simple Path to Wealth by JL Collins… (you can read it in one day) then make a plan.
No, wrong. Sorry dude, wrong. I'm not anti or pro trump. The market movements are not Trump's fault though. That's like saying when we had a 2 month drop of over 50% during 2020 what caused that was ALSO Covids fault. But how can that be? COVID is not a person or thing, only a disease. It's because choices of others doesn't take actions for you. Soooo... Yeah. Sorry, not one person's fault. The market moves as a whole as the people decide. Right now they are selling based on fear. Nothing has changed, because it never does. One person's choice, global impact, sickness, tsunamis, and everything in between. Nothing has stopped the US market from rising long term. This is a "learn from history" moment. Many fail and that is why history is doomed to repeat itself. This is one of those underlying moments. The book "The Simple Path to Wealth" by JL Collins may be helpful for you.
I like A Simple Path to Wealth book by JL Collins. Bought for my kids when they were teens.
*"The best time to call 988 was yesterday.* *The 2nd-best time is...oh?* *All over the linoleum?* *Well...(claps hands together)"* \-JL Collins
This is an order-of-operations flowchart. It may be useful. https://www.reddit.com/r/financialindependence/s/p8Q5lErAY7 Financial blogs, books and podcasts: Library Books: Simple Path to Wealth (JL Collins, if you read only one, start here) - Your Money or Your Life (Robin); Broke Millennial (Lowry); CleverGirl Finance (Sokunbi); Millionaire Next Door (Stanley/Danko); The Index Card (Olen); I Will Teach You to be Rich (Sethi); Building Wealth And Being Happy (Falco); Get it together - organize your records so your family won’t have to (Cullin, NOLO) and 8 Ways to Avoid Probate (Randolph, NOLO). Two free books: https://paulmerriman.com/millions-downloads/ New to being on your own? https://www.etf.com/docs/IfYouCan.pdf (each selection has its own voice). Blogs/sites: http://mrmoneymustache.com — http://iwillteachyoutoberich.com - http://gocurrycracker.com — you don’t need to buy anything to read the blogs. How do I get started investing? https://www.bogleheads.org/wiki/Getting_started —— https://www.reddit.com/r/financialindependence/wiki/faq/ Podcasts: Optimal Daily Finance — Stacking Benjamins — ChooseFI * — Big Picture Retirement - lots more. Start from the earliest available episodes and work chronologically to today, as many of these build on prior episodes in knowledge and evolve over time. * except for ChooseFI - they didn’t hit their stride until episode 100. Online classes for personal fi and financial literacy: https://www.khanacademy.org/college-careers-more/personal-finance and https://www.khanacademy.org/college-careers-more/financial-literacy https://www.reddit.com/r/personalfinance/wiki/commontopics/
The JL Collins blog is pretty good. Ben Felix's YT channel is objective, well-researched, and well-presented but covers basic and advanced concepts and presupposes a level of financial knowledge. If you really want a good personal finance foundation, here is a list of EXCELLENT books for personal finance beginners that are probably all available at your local library: I Will Teach You To Be Rich by Ramit Sethi; The Simple Path to Wealth by JL Collins (JL Collins also has a really good blog); The Wall Street Journal Guide to Understanding Personal Finance by Alan H. Siegel; The Millionaire Next Door by Thomas J. Stanley; The Little Book of Common Sense Investing by John Bogle; Your Money or Your Life by Vicki Robin and Joe Dominguez; and The Psychology of Wealth by Morgan Housel. This post has a long and very good list. [https://www.reddit.com/r/personalfinance/comments/125yhrz/books\_on\_finance\_you\_recommend/](https://www.reddit.com/r/personalfinance/comments/125yhrz/books_on_finance_you_recommend/)
FXAIX is an excellent choice. There’s a book I think is a must read - “The simple path to wealth” by JL Collins. It covers all of personal finance including investing. It is a good place to start.
"Mutual funds" is an extremely general thing. There are funds that track literally every kind of investment. So this advice is like saying; "If you have an appetite, I suggest food." Your question implies that you might benefit from general investing knowledge. You might start with the following resources: **Wiki**: [https://www.reddit.com/r/personalfinance/wiki/index/](https://www.reddit.com/r/personalfinance/wiki/index/) **Books**: *I Will Teach You to be Rich*, Ramit Sethi *A Simple Path to Wealth*, JL Collins *The Little Book of Common Sense Investing*, John Bogle To give you a quick answer to your actual question... Invest in funds that track the S&P 500 or total U.S. stock market. Optionally, also add a portion (<= 20%) of an international stock index fund. In terms of *where* to put your money; there is a recommended order to personal finance priorities regarding saving and investing: * Contribute to workplace plan(s) enough to get company match; * Save at least 3 months' fixed expenses in a cash reserve for emergencies; * Contribute the maximum to both spouses' Roth IRAs; * Augment cash reserve to 6 months' fixed expenses; * Return to workplace plan(s) and max out contributions; * Contribute any remaining dollars to a taxable brokerage account
Go read "The Simple Path to Wealth" by JL Collins, which does a really good job of handholding for explaining the Bogleheads philosophy. To be frank, from everything you've written here, you don't seem to have actually grasped it yet.
My buddy’s uncle got into a recording studio back in ‘85 and recorded some tapes but never released them. This shit could’ve been an MTV classic. https://youtu.be/03u85L__dzE?si=eKgC1JL85F1MCkBF
I plan to keep investing. I’m just wondering if the strategy should change. I’ve been following JL Collins’ advice for the most part. Which has left me very US centric, and that made a great deal of sense in a US led world order. I feel like I should diversify away from this risk a bit, and I’m looking for ideas
He's certainly entertaining and by watching him (and others) I can gain experience I can't gain from only trading. He's sometimes contradicting himself, but so or others. e.g. JL: in the infinite money glitch video he says build a stable base and then start investing everything. While with the recent strong dip he said to keep x% in cash in case thinks like this happen. F&F: he advised to sell Tempus AI and a few weeks later he contradicted himself. But I don't really care about missed profits, I mainly care about losing profits
I saw a post. There is a book. Called the simple Path to wealth by JL Collin’s. There is a new one out, waiting for it to come to library. I also listen to SUZE ORMAN. She gives the BEST advice on all kinds of financial situations including investing.
Check out r/bogleheads managing a windfall wiki. Also, highly highly suggest reading a Simple path to wealth by JL Collins.
I have a JK and JL (non-hybrid), and the Stellantis Jeep is simpler in some respects. Neither has the cooling issues of older Wranglers and CJs. All new cars have the insane electronics where the entertainment system is part of engine control, but if SHTF I could convert that to a carburetor easy enough. Hybrids can have FEWER moving parts, and can be more reliable due to the ICE being used less. Thing about the hybrid power train is that can run off an old diesel RV generator if need be. Still, I wouldn't go for a 4xe, but the serial hybrid Ram has my attention. All that said, I kind of want an i4 M50. It's not practical for me, but it is appealing.
All really good questions, thank you for the thoughtful response! I am a boglehead in many ways, read John C. Bogle's book as well as the The Simple Path to Wealth by JL Collins. So we see eye to eye on that. Regarding the idle cash, I admit I was working with an EJ advisor who was on their way out the door to join a different firm from 2023-2024 and made me decide to manage my own portfolio through the Bogle-lens. I kinda look at it like a recipe I find online, I will stick to the core of it but will spice it up in different ways I enjoy/want. The need to go back to work is 50/50 at this point. My wife is amazing BUT I can tell she is a little uneasy with me not going back to work. She is very much a "must work a 9-5" person and I'm a "let's escape the matrix" type of guy. Opposites do attract, right? 😁 I plan on growing my consulting side of the business and use that as a bit more passive income in addition to creating income through my investments and real estate endeavors. I would expect somewhere between $25k - $70k annually from my two business venture distributions. We are planning / trying for another kid right now so that may play my hand as far as going back to a 9-5, at least in the short term. We will see, there is a truly realistic scenario where we would be able to continue to thrive with Daddy Daycare in full effect.
"Everybody makes money when the market is rising. But what determines whether it will make you wealthy or leave you bleeding on the side of the road is what you do during the times it is collapsing." JL Collins - The Simple Path To Wealth. TLDR; don't panic sell.
on my way to the SPGC meeting... 
DCA, along with the bond ladder and more savings. This is an order-of-operations flowchart. It may be useful. https://www.reddit.com/r/financialindependence/s/p8Q5lErAY7 Financial blogs, books and podcasts: Library Books: Simple Path to Wealth (JL Collins, if you read only one, start here) - Your Money or Your Life (Robin); Broke Millennial (Lowry); CleverGirl Finance (Sokunbi); Millionaire Next Door (Stanley/Danko); The Index Card (Olen); I Will Teach You to be Rich (Sethi); Building Wealth And Being Happy (Falco); Get it together - organize your records so your family won’t have to (Cullin, NOLO) and 8 Ways to Avoid Probate (Randolph, NOLO). Two free books: https://paulmerriman.com/millions-downloads/ New to being on your own? https://www.etf.com/docs/IfYouCan.pdf (each selection has its own voice). Blogs/sites: http://mrmoneymustache.com — http://iwillteachyoutoberich.com - http://gocurrycracker.com — you don’t need to buy anything to read the blogs. How do I get started investing? https://www.bogleheads.org/wiki/Getting_started —— https://www.reddit.com/r/financialindependence/wiki/faq/ Podcasts: Optimal Daily Finance — Stacking Benjamins — ChooseFI * — Big Picture Retirement - lots more. Start from the earliest available episodes and work chronologically to today, as many of these build on prior episodes in knowledge and evolve over time. * except for ChooseFI - they didn’t hit their stride until episode 100. Online classes for personal fi and financial literacy: https://www.khanacademy.org/college-careers-more/personal-finance and https://www.khanacademy.org/college-careers-more/financial-literacy https://www.reddit.com/r/personalfinance/wiki/commontopics/
Edward Jones (EJ) is known for high fees and commission-driven products, which can significantly reduce your long-term returns. To start, review your current EJ account by asking your advisor for a detailed breakdown of all fees, including management fees, mutual fund expense ratios, sales commissions (front/back-end “loads”), and any surrender charges or transfer fees (EJ often charges \~$100 to exit). It’s also critical to confirm the tax implications: inherited taxable accounts often benefit from a “step-up in basis,” minimizing capital gains taxes if you sell assets, while IRAs can typically be transferred “in-kind” (without selling) to avoid taxes entirely. Next, consider moving to a low-cost, fiduciary provider. Options include self-managed platforms like Vanguard, Fidelity, or Schwab, which offer diversified portfolios using low-fee index funds (e.g., a simple mix of U.S. stocks, international stocks, and bonds). These firms also provide free advisory services for larger accounts. If you prefer hands-off management, robo-advisors like Betterment or Wealthfront automate investing and include tax-loss harvesting for taxable accounts, all for fees around 0.25%. For personalized advice, use resources like NAPFA or XY Planning Network to find a fee-only fiduciary advisor who charges a flat fee for a portfolio plan rather than ongoing percentage-based fees. When transferring, contact your chosen new provider first—they’ll handle the process via ACATS. Aim to transfer assets “in-kind” to avoid selling, but note that EJ-specific funds (which often have high fees) may need to be liquidated first, depending on the new provider’s policies. Be prepared for EJ to push back with fee discounts or retention offers, and politely decline. Avoid cashing out the account, as this could trigger taxes, and update beneficiaries once the transfer is complete. Traditional investment portfolios usually consist of Stocks/Bonds |Asset Class|Fund Example|Allocation| |:-|:-|:-| |U.S. Stocks|VTI (Vanguard)|60%| |International Stocks|VXUS (Vanguard)|20%| |Bonds|BND (Vanguard)|20%| Read *The Simple Path to Wealth* by JL Collins or *Bogleheads’ Guide to Investing*.
You would really benefit from reading a book called “A Simple Path to Wealth” by JL Collins. It will get you 90% of the way there with 10% of the effort. Once you have a good foundation following that book and still want to choose individual stocks, then keep it to a small percentage and realize that it’s the opposite of Pareto principle. You’ll have to do a lot more work for possible additional gain. But if you enjoy it then it’s worth it.
Hi there! I am born and raised in SD. Homeowner and accredited investor. I will say, it is somewhat tougher out here to truly invest since properties are much more expensive than rest of the country. I have two properties in CA, one in SD and one in Orange County and they are both for my family (parents and wife/kid), so I admittedly do not have experience with true rental properties out here... though I have looked into it. I think the move to take that 250k and put it on a multi unit downpayment, live in one of the units, and rent out the other may be your best shot... I'm just not sure in how desirable of an area you'll be able to afford with 250k down payment. If you care less about being by the beach or in a dense city area, you can probably make it work and start to build your empire. At the end of the day, profit is profit so if you're able to find something that works for you and allows you to grow and learn, it may be worth considering! I personally am involved with an Assisted Living facility in the midwest to help my real estate dollars for that part of my portfolio go further. Best of luck! You may also want to give consideration to keeping it simple with ETFs/total market funds if you aren't currently exposed there. Check out r/Bogleheads and I would also recommend a few books: The Little Book of Common Sense Investing by John C. Bogle, Die With Zero, by Bill Perkins, and The Simple Path to Wealth by JL Collins. Take all three books with a grain of salt and go into them ready to get informed and make your own decisions as to what matters most to you.
I didnt watch dr.Jim too much, Im talking about Tom Sossnof. He\`s the main character. So listen carefully, this is truth - first I prepare my desk. Then I prepare a line or two, before breakfast so I can think faster. Then I read news, which does not impact my decisionmaking. Then I watch aimlessly at positions. I check my margin, BP, %NLV etc. Since I have many many many positions, and they change - which changes my exposure, so I have to find out what to do about it. Sometimes nothing, sometimes little, sometimes I close capital intensive profitable positions so I get some buying power back. Usually when I have more than 30% of liquidation value (margin value - idk), I do nothing. So I have long positions - blue chip, dividend, REIT - those gay stocks. Then I have covered call positions. Then I have short volatility options. And I have directional debit spreads. And I have some short stocks (today closed). Usually I want long/short to be correlated (same sector). Since most of my long is low beta, I want to long higher beta and short lower beta (which doesnt work just yet). If for some reason my long is not performing well, I check portfolio greeks. If I assume something - like today when I took short profits - I assume what will closing position do to my portfolio. Should I go more long, should I short, should I sell options. Like when I do jade lizard, and %nlv is over 10% - I short like 10x stocks in that underlying - since general direction is long, JL has capped profit upside, so downside is only risk. Sometimes I find shorted stocks that squezzed - I check available short stocks per minute and you can see if its increasing or decreasing. If increasing - I check option premums, either as %straddle or %ATMcall relative to stock. Also, you check their rivals. Simple. If % is abnormally high (which you learn where is usuall percentage for that type of stock) - I short ATM call and buy far far out. These all steps change my net exposure so I go back - today was fiiday with 5-6 option strategies expire, so I bought 0 otm puts (thanks mama bear!). Since I realized like 500-600$ profit with 2 options (costs me like 50-60$), I immidately bougt 2 debit put spreads - since I have ATM short puts on SPY. Now my general direction is bearish with like 7-8 short volatility plays, 2-3 jade lizards, some credit and some debit spreads. I dont want to lose upside. But every option position has been assigned to a job - debit spreads protect from IV spikes, JL is abusing abnormal %premums relative to sector, long stocks either give dividends or generate cash from short calls. Sometimes there are misspricings on small cap stocks, which had increas of option volume, so you can sometimes find quasi arbitrage (you get filled below intrinsic value of option). That is combined with going long ofc. Its a 2$ return with 50% commision per trade! Sometimes I go diagonal spreads if it fits my greeks.
There’s a great book by JL Collins called “The Simple Path to Wealth”. You’re doing so much right to set yourself up for success and that book will help you get your capital invested and working to grow wealth for you.
I think, before investing, it's important to learn a bit about what it is and demystify it. A really great, easy to understand book is The Simple Path to Wealth by JL Collins. I have it as an audiobook. Long story short, setting up an automatic monthly deposit into an index fund (not individual stocks) like VTI or VOO, through a company like Vanguard, is a great way to go.
I'd not necessarily associate it with retirement at this stage. I'd just talk about "future", and how money can make money. You can be part owner of the biggest/best run brands in the world, and they'll share their profit. This could be discussed with debt and how debt can work against a person. One book that really helped me (my parents didn't invest in stocks) was millionaire teacher. A regular teacher with regular salary could retire young. I'd never heard anything like that. To me, I'd associated wealthy with sports figures or ceos. Or could look at JL Collins 'simple path to wealth'.
Read the book The Simple Path to Wealth by JL Collins. It will give you all the confidence and information you need in the simplest way. The books essentially explain why the best thing to do is invest in the entire stock market and to not bother worrying about picking stocks. It also explains the psychology of investing and that the best approach to investing is to not have a strategy. You just buy and never sell. Schwab and Vanguard are good places to open brokerage. (Schwab has the best UI in my opinion, and Vanguard has some of the best low fee ETFs. You can buy Vanguard ETFs in schwab.)
I'm new to investing as well, here are some good info areas I use to learn. Overall, simple is better. Investing when done right is boring. Automate a certain amt to go to your investments and forget about them. Sites [https://www.bogleheads.org/wiki/Getting\_started](https://www.bogleheads.org/wiki/Getting_started) [https://jlcollinsnh.com/](https://jlcollinsnh.com/) [https://www.iwillteachyoutoberich.com/](https://www.iwillteachyoutoberich.com/) [https://choosefi.com/](https://choosefi.com/) Videos Youtube ramitsethi [https://www.bogleheads.org/wiki/Video:Bogleheads%C2%AE\_investment\_philosophy](https://www.bogleheads.org/wiki/Video:Bogleheads%C2%AE_investment_philosophy) Books The Simple Path To Wealth by JL Collins I Will Teach You To Be Rich by Ramit Sethi Just started The Psychology of Money by Morgan Housel but it comes highly recommended as well. Courses Check sites like Udemy for free courses on the topic, I know Khan Academy has a good financial literacy course. You can find a lot for free.
Never bet against America - JL Collins