Life Kit Your Cheat Sheet For Smarter Investing
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Apr 29, 2019 Investing doesn't have to be complicated. Discover how high fees can eat into your returns and why index funds are a smart choice. Learn to avoid emotional pitfalls during market downturns and stick to a diversified portfolio for the long haul. Regularly rebalance your investments but resist the urge to make impulsive changes. Embrace a long-term mindset to grow your nest egg and enjoy a fulfilling retirement.
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Avoid Picking Stocks
- Don't pick individual stocks like Amazon or Tesla.
- Invest in the entire stock market using index funds instead.
Avoid Performance Chasing
- Avoid performance chasing, which means buying stocks after they go up.
- Don't sell stocks after a market crash.
Roller Coaster Analogy
- Chris Arnold uses a roller coaster analogy to illustrate the dangers of selling stocks after a market crash.
- David Swensen and Bridget Madrian emphasize the importance of staying invested.