This chapter delves into the stages of wealth accumulation and preservation, recommending a mix of 100% stocks for building wealth and bonds for preservation. Investment options like Vanguard and BTSAX are highlighted, with a focus on the benefits of investing in VTSAX for broad diversification. The chapter also explores the debate over the necessity of international stocks in a portfolio and stresses the importance of behavioral aspects in long-term investing.
JL Collins, the author of "The Simple Path to Wealth," achieved financial independence in 1989 with a surprisingly simple strategy: saving half his income and investing in index funds.
In this episode, JL breaks down his ultra-simple investing approach. He argues that keeping things uncomplicated leads to better results in the long run. "The less you mess with your investments," he says, "the more freedom you have to focus on what truly matters."
This episode is for anyone who feels overwhelmed by complex investment strategies. Learn how to set your finances on autopilot and get on with living your life.
We originally recorded and aired this episode in 2016.
We're sharing this as part of GREATEST HITS WEEK, a 5-day series in which we're sharing 5 episodes, across 5 days, that we produced during the earliest years of the Afford Anything podcast. You may have missed it then; enjoy it now.
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