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Andy Rachleff on management theory, Reed Hastings’ genius, lessons from passing on Netflix & more | E1158

This Week in Startups

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Maximizing Wealth over Time

The advice for new day traders and millennials is to have a diversified portfolio of low-cost index funds to maximize wealth over time. While getting interested in finance is positive, research indicates that sticking to index funds is the most effective approach for long-term wealth growth. It's suggested to allocate a portion of money for fun, riskier investments, but the core investment strategy should focus on index funds for optimal results.

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