ChooseFI 019R | Index Investing | How to buy VTSAX
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Apr 21, 2017 
In this engaging discussion, JL Collins, a renowned index investing advocate, and Jim Collins, a celebrated author on investment strategies, share invaluable insights. They emphasize the power of index investing as a cornerstone for financial independence and how young investors can benefit from market downturns. The hosts reflect on the importance of teaching children about financial literacy from an early age. They also critique the pitfalls of stock picking and the necessity of maintaining a long-term investment mindset, highlighting the incredible benefits of disciplined investing.
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Second-Generation FIRE
- Jonathan mentions his wife just gave birth to a son.
- Brad suggests starting the newborn on the path to FIRE by opening a 529 account.
No Investing Gurus
- Jim Collins asserts that no guru can outperform the market long-term after fees.
- He suggests the best approach is low-cost index fund investing.
Fidelity Study
- Jim Collins points out a Fidelity study that shows dead people and those who forget their accounts perform best.
- This highlights the benefit of long-term, hands-off investing.