Bogleheads® Live JL Collins: The Simple Path to Wealth
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Sep 5, 2022 
JL Collins, author of 'The Simple Path to Wealth' and a key figure in simplifying investment strategies, shares insights on achieving financial freedom through a minimalist approach. He advocates investing with just two index funds for total market diversification. Collins discusses market volatility, inflation's impact, and the difference between investing and speculating, along with practical tips for navigating fixed income and tax-advantaged accounts. He even addresses how to introduce index fund strategies to others.
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U.S.-Based Investors and International Funds
- For U.S. investors, a total stock market index fund like VTSAX offers sufficient international exposure.
- This is because large U.S. companies are already global businesses.
Investing Advice for Cautious Individuals
- When introducing investing to cautious individuals, emphasize market volatility.
- Ensure they understand and accept potential downturns before investing.
Learning From Black Monday
- JL Collins recounts panic-selling during the 1987 Black Monday crash.
- This experience taught him the importance of staying calm during market downturns.
