And as such you have a bond fund that is down 15%, when if you had still owned a treasury from last year directly, you would have a 2% gain. And it would be a valuable (to the rest of us, not to you) resource. few weeks ago a friend of mine sent me the video of the talk you gave at Google. There is still a $3000 initial investment, but a 0.04% expense ratio. Im just looking to clarify one thing regard F-U money. I learned a ton, but most importantly I learned I was unhappy in that environment. So, as Jack Bogle once said, performance comes and goes, but fees are forever. Ptak: I wanted to turn to recent times for a moment, if I could, and I'm curious whether there have been any aha moments, so to speak, for you with respect to financial matters during the pandemic period? As for the US market, it was already well established by the time indexing arrived in 1975. We are under 28% tax bracket. I plan on putting in $500 every month to start with. Please let me know if this can be arranged. He just kinda dropped away and I assume is too busy lacking ambition to write any more on Lacking Ambition. Therefor I ask your permission to publish a blog with most of Stock Series translated to Hebrew, keeping your full credit. Pavlin Yakimov. Can you sum up your thesis on that? I am posting this in the hopes youll share some wisdom for their situation as I have purchase your book for each of them as a holiday gift. Hi Jim, I recently wrote a story about FIRE where we mentioned your blog: https://www.newretirement.com/retirement/fire-financial-independence-retirement-early/. I know youre all about simplicity, I am too. People buy it when things are bad, driving up its value. We wanted to share it with you. And maybe five years later, you wind up taking another job, then you cycle back out. My questions are: Our daughter Jessica graduated Summa Cum Laude from the University of Rhode Island, served in the Philippines with the Peace Corp and is well established in her business career. Much appreciated. So, there's a whole generation of people who've never experienced a crash. With the official launch of our app in Jan 2020 with over 5000+ members signed onto our beta program, I wanted to invite you to join our beta program where you will receive early access to our financial content and collaborate with other personal finance influencers from around the world to shape how Gen Z should perceive finance. Heres an archive showing my previous 100+ guests: https://www.ngpf.org/podcasts/. How I lost money in real estate before it was fashionable, Part III: The Battle is Joined. Do let me know if you accept paid posts. Again, thank you so much for all the information you provide, Please feel free to post your questions here: https://jlcollinsnh.com/ask-jlcollinsnh/. I was also an English Lit. Sailboat and disappear to South Pacific? Just let me know. So, those are just some. Be sure to read the comments, too. I also want to thank you for the warm and humane way you do that, which makes reading your blog a recreational and uplifting experience. Readers from all over have added their insights. How to investment in the VTSAX (USA Market), if its not available in Australia. Lots of time left for disaster to strike. Owned once- Its kinda like smoking- I started case eyeryone else was doing it and it looked cool- but later you cant QUIT and you know its killing you. Any thoughts? Ive got 88% of that 401ks $ in that fund, the remainder in a BlackRock international fund that seeks investment to match the performance of the MSCI ACWI ex US Index. I was wondering if you could help me understand this. Feel free to send more info. It covers woodworking tools, raw materials, techniques and constructions, veneering and marquetry, use of glass, metal and leather, and much more. Since Im thinking to publish/submit to a contest/do something that will put it for public ridicule/scrutiny the story he appears, I thought it best to ask for your permission. Tend to disagree about not owning your own home as in Australia we generally have a different mindset but in the end it is just bananas which way you go as the paths are in the same direction. Would you or have you changed your plan? Through reading your series, bouncing to all the external links, and re organizing my portfolio Ive come to understand why Im working and what Im working for. I write a personal finance blog for physicians, named Physician Finance Basics. I came across your site and I think it can be a great fit for my I am Chinese book copyright agencyI am interested in your book could you tell me who is responsible for the transition right of your book? https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/, Haha yeah, you almost had me fooled with the April Fools post! He was viewed with great skepticism by the participants. In fact, I've come to say these days that I've spent every dime that has ever come into my possession, and I spend it almost immediately. That makes sense for people with long time horizons. REDUCED PENSION . The idea that the U.S will default on its debt. Can you think of a book that changed your life? I also request your views on my other articles and participation in my website. Having had a Mini and a MGB a few years earlier in my life, I knew what to expect from a British automobile. I particularly like that you are civil with people who have differing viewpoints. Anyhow, I really want to go to school and the ROI for school is awesome (easily 120K+ yearly once out), but cannot afford tuition. JL Collins (Author, Narrator), & 2 more 9,776 ratings See all formats and editions Kindle $8.99 Read with Our Free App Audiobook $0.00 Free with your Audible trial This book grew out of a series of letters to my daughter concerning various things - mostly about money and investing - she was not yet quite ready to hear. and Dr. I think it would be difficult to find a pure play in any mutual fund. Thanks for keeping it simple and safe for people like our Fire fighters. And depending on the price point, and Tesla things came down pretty dramatic recently, I might be looking at something like Tesla. Stocks Part XXIX: How to save money for college. I look forward to exploring this site further! Luckily, 2 years later, she inherited enough money from a parent to destroy that debt completely and start a seed for our investing future. Well, Brian gives a very succinct explanation of what the Federal Reserve is, certainly more so than I could do off the top of my head. egg from all of our saving has been. Thank you for all of your work Jim, it certainly has not fallen on deaf ears. You can then invest this money in VGSLX https://personal.vanguard.com/us/funds/snapshot?FundId=5123&FundIntExt=INT&funds_disable_redirect=true which is a REIT (real estate investment trust) fund. CONDENSE: Create a one page (maybe trifold) condensed version and give it away on Amazon or in paper version, for free. This has been discussed elsewhere on the blog and I believe I have all the relevant posts updated, but if you spot one Ive missed please let me know. If you are so inclined, a short version of it would make a wonderful 5-star review for me on Amazon. And, of course, as you alluded to, housing prices have just exploded on the upside over the last couple of years. A real nice first taste of an investment. Our The benefits of this fund is that it owns a basket of fixed assets so if any one of them turns very bad for some reason (default), then it will have very little impact on my portfolio. Its not a long paper, but it shows how difficult it is to read and understand the mandatory disclosures that investment advisors provide and the impact this has on investors. This account is much larger, about $100k. And finally, I decided I better write it down against the day that she would be ready to receive it if I wasn't around. And if you don't pay any attention, you could wind up 30 years later with a huge pile of money that you could have enjoyed along the way. But not always. So, I'm not a fan. I started teaching personal finance to high school kids last year. Marketing It is in Ronda. http://www.finllect.ae, Hi Mr Collins, thank you for all the invaluable content here and in your book! Love the low fees and the simplicity. Thanks for your help. Thanks. And on my lunch hour one day, I walked down Michigan Avenue to a brokerage office that I'd seen the storefront and walked in, and I said, I'd like to talk to somebody about buying some stock. And they introduced me to the broker, and he sat down and asked me what, looking back on now, were actually pretty good questions. Yes, the markets have been down, but we will come out of this mess and the economy will recover. = $1255 = 19.73%. Develop Your Skills and Talents By Shawn Jenkins and Jonathan Mendonsa Shawn Have you ever considered your career to be like a brokerage account for financial freedom? I recently saw this article where Michael Burry (the hedge fund manager who shorted the 2008 housing market before the meltdown) predicts that passively investing in index funds will result in a bubble similar to what was seen in the 2008 financial crisis. $212 x 30 months = $6360 My expectations were confirmed, but not to the degree that you were let down. Id really like to write this review as I thoroughly enjoyed your book and Id be thrilled if youd agree to let me use the image of your book! March 13, 2020 was a good time to be buying Vtsax as it was around $60. I have dialogue between Erik and Moe, but Im a bit terrified of posting it public. Thanks for your interest, but we do not publish sponsored articles. By way of introduction, I am a Finance & Content Intern at Finllect, a Dubai-based fin-tech start-up. There are several posts on other FI blogs dealing with this issue that may help. And I'm very much in favor of that. They'll pick different locations in the United States and they'll show a picture of a house you can buy in Tennessee for $1 million versus Florida versus California versus New York. Here I allocated 90% in VTSAX and 10% in VBTLX. And I turned her off to all of this stuff. Tara 4 Tara Newley, oldest daughter of Joan Collins Credit: Getty Born in 1963, Tara Newley is the eldest child of Joan and ex-Anthony Newley. As with all negotiations you want to be friendly. Things like if you had to draw it up wouldn't be a part of a target-date fund, because you don't really think that they're unnecessary, or maybe the target-date fund overdoes it in some cases? Im not sure whether to be flattered or terrified. for the comprehensive review and insights. I suppose wed look to do the same again, but only after checking out what the ACA had to offer. Thank you for sharing, teaching, and inspiring. Ptak: I wanted to shift and ask you about retirement income. No he didnt, but I told him, if he didnt read it and pass it on to his boss by next week, when we talk, I would go to Fidelity with my money he laughed but said he would read it this weekend. Once the debt is gone use the discipline to channel that money into your investments and watch your wealth grow just as you watched your debt fade. Since money is the single most powerful tool we have for navigating this complex world we've created, understanding it is critical. I recently discovered the FI movement and in the process this site. Exciting! . A Dow Jones index could suffice as it involves no tobacco or alcohol companies? Haven't gotten into more trouble since either, other than just some more college DEBT. So, you're just better off getting that money to work in the market as soon as possible. But when I listened to him being interviewed, he strikes me as an incredibly bright, incredibly thoughtful guy. I'm also very impressed with Zuckerberg. You'll never find a wiser advisor with a bigger heart." It seems to me this person is probably just uploading audio books without respecting copyright claims. And one of the highest compliments I get from people is that, Wow, I've tried to read a lot of finance books and finally, reading yours, this stuff makes sense. So, that's who I'm writing for. I just purchased your book and read it all in one sitting it was a fascinating read that pulled together a lot of great thinking for me, and helped me to clarify my own path to FI. You want to make the most of what's in your accountor careerbut you also want to do things to grow the account. I think your mutual fund recommendations are great for people with limited math ability or no interest in investing, but what about you? And, of course, that was salvation for my mother. im 36 now. Hello- I just started your book The Simple Path. Ive worked at 3 hospitals prior to my current workplace and have left those 401ks with the original investment firms. Hope you are your family are having a safe and healthy year so far! The stock series kind of grew out of that. My names Eliza, Im a co founder @ Learnt. I am 40, my husband is 52, and we have a 4 year old child. We went into chapter 13 with 90 grand of debt. Back in the midwest now. Benz: Well, JL, this has been a terrific thought-provoking conversation. Thank you for your time and consideration. Indeed. Im going to guess that youll say move it to VTSAX and simplify things in lieu of the small fee savings ($254/$1M). money is in an ETRADE account in the US, but being that we are in It would help me a lot to break my old habits. . And I know that people make the case, well, I can get a property manager and what have you. have around 95K in 401k, started 2012. this is in addition to my non-US investment. Im working for a big French publisher who is extremely interested in acquiring French translation rights to your book. Volunteer work through Junior Achievement in Los Angeles. PROSPECTIVE SURVIVOR PER YEAR $ 28,021.44, 2. Monday of this week, I started researching, I knew we had made huge mistakes with letting our money sit in bonds, I met with 2 financial planners and did hours of research on what they had told me. Thank you for considering. It should be the Chicago Trib Headlines! Amazon sets the prices and, as far as I know, there is no way to buy it in bulk at a discount. Ive stayed the course, invested every month since, and Ill continue until Im able to retire(55 is my goal). My father would have done better had he learned about the stock market than just the house. Thanks for sharing your insights they are valued! I hope they're also reading the part where I'm talking about you have to expect crashes. StocksPart XIII: The 4% Rule, Withdrawal Rates and How Much Can I Spend Anyway?" I know I had to pay fees. Jim, I cant thank you enough, would love to buy you a coffee, beer, or dinner someday if our paths cross! The first is: is buying stocks on sale nonsense? I did a bit of research on the different funds offered by Vanguard. A lot of it is due to a temporary stress of going through an annoying and expensive divorce but much all has to do with my lack of financial awareness. But I didn't hold on to them very long. Finally, we'd love to get your feedback. If your time ever allows, Id love to have a cup of coffee over a video call to thank you, and ask a few questions to help me over the final hurdle as I summon the courage to step away from a career that pays well, but leaves me numb inside. I have a popular podcast network where we narrate the best blogs covering finance & personal development. Renting versus buying a house is more complex than running the numbers. Good to see you here! Neither of our parents were financially savvy and therefore, we have always been intimidated. Itsabout what has worked for me and what has kicked me in the ass. I'm not going to go near that again. So, I think that's probably the reaction. Do you think Passiv would be a good fit for your audience? 80%: VTSAX Well, I made it and will be exploring the rest of your site, but just wanted to drop you a comment and let you know I made it . ..glad you made your way here and very glad somebody is teaching HS kids personal finance! Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. First I read Richest man in Babylon. We bought the van for $16K on a private loan, and put about $4K worth of improvements, full cooktop, bed platform, sink with running water and solar power of course. Dan Otter and Scott Dauenhauer: Why Retirement Savings Options for Educators Are So Bad, Stocks--Part XV: Target Retirement Funds, the Simplest Path to Wealth of All. And then, there's Quit Like A Millionaire, Kristy Shen's book, a great inspirational book. The only reason for women to work is if the household needs money? It says Opps, instead of Oops. book on Audible and have listened to it over a dozen times now. But when you stop earning that cash flow, and you decide to retire, whether you're taking a sabbatical, or you've come to the age where you're not going to work anymore, then you need something else, it seems to me, to balance out the volatility of stocks, and maybe to provide some dry powder to take advantage of the plunges. I like very much the content on your site and have a proposal that might interest you. and the taxman cometh. As it happens, I am recording the audio book version this week. Like you said in your book I should've been eating the rice with ketchup instead of the sushi dinners but it seemed so normal to go out for every meal! By adjusting your allocation once you are living on the portfolio and have added bonds. Jim, loved the book. But what I do blame myself for is a college buddy of mine in the mid-80s, who was an analyst with Duff & Phelps, introduced me to the concept of index funds. I recommend it in this post: https://jlcollinsnh.com/2012/09/26/stocks-part-xi-international-funds-2/. JL's latest book is " How I Lost Money in Real Estate Before it Was Fashionable ." He blogs about financial and other matters at www.JLCollinsnh.com. BTW, did the Vanguard rep you spoke to know about my book when you mentioned it? Thanks so much! StocksPart XIII: The 4% Rule, Withdrawal Rates and How Much Can I Spend Anyway? There was the pretty sharp drop during COVID. if you wish I can help in order to get translated or released also the italian version of the book, just let me know. Now that's all easy to say, and it's easy for people to understand in their head. If you think you might like to go, sign up for the mailing list here: I am the author of The Simple Path to Wealth. Pretty much in that order although Ive visited several more than once. I just wanted to send a quick email to follow up with you about my message from last week. So, I'm going to break it up into $10,000 chunks and I'm going to invest it over the next year. Well, if the market goes up, the second month you invest you're getting fewer shares for your $10,000 and the third fewer and fewer. $100,000 now is nowhere near $100,000 forty years ago. Had the market turned around and plunged again, then I would have adjusted that withdrawal rate in a heartbeat. Collins recalls a time when his daughter was eight years old and she asked him if they were poor after watching the news showing people standing in a bread line. Thanks for your interest, but I do not accept paid postings. However . Painfully, I will have to consider the paid sales charges as costly mistakes. Im glad you found your way here and it resonates with you. Anyways my engineering school was cheaper than most ($46K) and it still got me the degree I wanted, Renewable Energy Engineering. They decided to get serious about their savings goals and committed to building a portfolio of at least $1 million by February 2017, 1,500 days later, in order to retire at age 43. . simple if it wasnt for the fact that we are now in Australia. I have been following your stuff in the last two months. If you dont have time I can always use quotes from your website and a link back to your site, that would also be helpful. Thanks for passing my writings on to your sons. Podcast? Author and financial blogger JL Collins brings his refreshingly unique and approachable take on investing to Google.The author of "The Simple Path to Wealth:. And with very rare exception, renting is far more powerful than homeownership and your lower monthly costs in that apartment over owning that house with all the expenses that come with it, invested in index funds over time will probably make you much wealthier. Katharina.loix ad gmail.com. Ha, Ill figure it out. Are they still available? I have expectations of using my tax-deferred IRA to support living and to make charitable giving in retirement, fulfilling the RMD annually. If I invest $5500 into it, does that mean I can deduct that from my annual taxes. Please reach out to me by email if youre interested in discussing. My father is still working and probably will not touch this until retirement, he is unsure when he will stop working. It only works if you have significant income and good timing. We continued saving as much as possible while putting our 3 kids through university. Great to hear it has reinforced your thinking. You just need to get a couple of simple things right and let time and your money work for you. #1 Simple Path to Wealth by JL Collins. Also, if you think it deserves it, please put a 5-star review of the book on Amazon. And particularly seeing as we're probably most likely to build a house, and that's a 12-month process, so am I about to commit to a very expensive indulgence and not even have access to it for the next 12 months only to find when it's time to move in its value has been cut in half, like in '07, '08? I would definitely be interested to hear his perspective a year into the crisis. . I thought Id check an old email address today. ISBN-10: 1533667926 Benz: Our guest on the podcast today is author and blogger JL Collins. They are only making Collins index fund greater so that he will never have to work. Any suggestions for view points would be highly helpful. https://jlcollinsnh.com/2012/05/09/stocks-part-v-keeping-it-simple-considerations-and-tools/#comment-4220505. Collins: Christine, first of all--and you've alluded to this already--but let's be clear that when I was talking about my daughter and that she's putting money in on a regular basis, and that smooths the ride, that's a form of dollar-cost averaging. Ive the following question the Fed has now been increasing the interest rates (I think 9 times since 2015) and from what I understand, the goal is to slow down the economy (and hence the stock market). We now live on beautiful Sunshine Coast, Australia after living and working for 17 years in Sydney. If you look at the Trinity study, a 4% withdrawal rate adjusted for inflation over 30 years is just one of the many scenarios that the study looked at. Ive read a ton of books on personal finance, investing & money, but theres ONE book I always recommend to others when asked which one my favourite is Simple Path to Wealth is just without a doubt the first book I punt! In your 80s and 90s, not so useful. Lo can't save you. For more on bonds: https://jlcollinsnh.com/2012/10/01/stocks-part-xii-bonds-and-a-bit-on-reits/. I found your site in late 2015 and it has made a dramatic difference in how I approach finance. In case you or other readers may have missed this feature, one nice thing about the TSP is that the expense ratios are (at least as of this post) constant across all of the the funds, including the lifecycle funds. They are only making Collins index fund greater so that he will never have to work. Unfortunately thats not how it works. Gear advertisements and other marketing efforts towards your interests. Thanks for the kind words and for taking the time to comment. ETFs were created to make trading indexes easier and, of course, I am opposed to trading. And so, the shortcoming in this case is someone who lacks the discipline and maybe the knowledge to save and invest, and so, we'll put him in this underperforming asset just because they can't get out of it easily. "Stocks--Part XV: Target Retirement Funds, the Simplest Path to Wealth of All," by JL Collins, jlcollinsnh.com, Dec. 18, 2012. A huge thanks for any feedback in advance. https://jlcollinsnh.com/2013/05/02/stocks-part-xvii-what-if-you-cant-buy-vtsax-or-even-vanguard/. Ive gained a few bucks and, to be honest, Ive certainly lost a fair amount of money. Because if you're putting money in on a regular basis, as my daughter is, as an example, then when the market plunges, well, that's good for her, because she's getting more shares for those same dollars. Thanks for the very kind words, and for passing my book on. Stocks -- Part XIV: Deflation, the ugly escort of Depressions. Hello JL! I'd say our biggest battle. Our main goal is to educate and help the generation Z grow to invest, save, budget, and earn more efficiently. So, anyway, there are always times when houses can be made to look like the best thing that you've ever done. From busboy, produce, clerk, and gas station attendant, to ad agency founder, sales trainer, radio co-host, and publisher. Its amazing how our own minds dont want to face facts (I have personally had many experiences trying to time the markets and have failed miserably Im going ahead and buying VTSAX! https://jlcollinsnh.com/2015/03/26/stocks-part-xxviii-debt-the-unacceptable-burden/, https://jlcollinsnh.com/category/education/. I am planning to order more copies so that my friends and I can read your book in my book club early next year in 2021. I am working on my emergency fund, I have about $10k in cash now in an HYSA. We need to: Now I am left wondering what have we done?!? Speaking for myself, as I am allergic to debt, I would not borrow the money. 2016 by J L Collins (Author), Mr. Money Mustache (Foreword) 8,395 ratings Kindle Edition 7.01 Read with Our Free App Audiobook 0.00 Free with your Audible trial Hardcover 17.99 4 New from 17.99 Paperback I routinely cruise a number of FI blogs, but havent seen anyone discussing the impacts of our current inflationary economic environment. retire early marketing stories. You didnt account for inflation(and fees, which are harder). And that, is pure nonsense! Hope you can help. Collins Complete DIY Manual - Albert Jackson 2004 I work at Microsoft and first heard about you from a investment distribution list there. If you have an emergency, use your credit cards. You nailed it! One Taiwanese publisher is interested in the complex Chinese rights of The Simple Path to Wealth, could you please ask your agent to contact me if the rights are still available? Lets see where I land up 10 years from nowit will be interesting to watch. Ive taken Mr Andrew Hallams advice and Ive invested in VXC, VCN and VUN. Thanks from here in New Zealand. Did you buy the place in Ecuador? Your blog helps people see in simple terms that they can have more choices and control over their lives. The market will crash. Or please let me know which agent we need to contact? Invest in Index for accumulated growth Are you concerned that 4% could be too high in an era in which equity valuations are quite high and bond yields are so low? Didnt know you was a blogger.Feel free to correct my grammar.Might as well put that degree to some use. The Trinity Study and Portfolio Success Rates, StocksPart XXVII: Why I Don't Like Dollar Cost Averaging. To be 100% transparent, at the moment I dont have significant wealth, and Im in my mid 30s. I really appreciate the insight and speedy response. But target-date funds are not a bad approach. Lets say it did work as mentioned and Vtsax went up as new investors invested. Nice work. Since the point of Roths is that they are funded with after tax money and are designed to then grow tax free and be tax free upon withdrawals, my guess is you should be OK. So, I've now forgotten your question, Jeff. If you do end up reading this and see anywhere I'm off or need to shift my gameplan please advice, or just a little simple bullet list of what to do ; ) Best line in the book: Spend less than you earn, invest the surplus (VTSAX) and avoid debt. What made me finally put this stuff down in the blog was, I had tried very hard to introduce my daughter to these financial concepts. They'll make a handful of people rich, and the rest suffer. I and my husband are working, 35 and 40 respectively. But I think for most people, it's going to end in tears, or it probably already has ended in tears. In Israel we have 2 types of funds that track the S&P 500. Let me first give me background. How I failed my daughter and a simple path to wealth, https://jlcollinsnh.com/2011/06/03/my-short-attention-span/, https://jlcollinsnh.com/2012/05/12/stocks-part-vi-portfolio-ideas-to-build-and-keep-your-wealth/, https://jlcollinsnh.com/2012/09/26/stocks-part-xi-international-funds-2/, https://jlcollinsnh.com/2012/10/01/stocks-part-xii-bonds-and-a-bit-on-reits/, http://www.caniretireyet.com/long-term-care-insurance-why-we-arent-buying-it/, https://jlcollinsnh.com/2015/06/02/stocks-part-viii-the-401k-403b-tsp-ira-roth-buckets/, https://jlcollinsnh.com/2011/06/06/why-you-need-f-you-money/, https://jlcollinsnh.com/2015/03/12/chautauqua-october-2015-times-two/, https://jlcollinsnh.com/ask-jlcollinsnh/#comment-4213814, https://en.wikipedia.org/wiki/G._K._Chesterton, http://tenfactorialrocks.com/how-to-invest-efficiently/, https://jlcollinsnh.com/2016/08/16/what-the-naysayers-are-missing/#comment-4215699, https://jlcollinsnh.com/2016/08/16/what-the-naysayers-are-missing/, https://jlcollinsnh.com/2011/06/08/how-i-failed-my-daughter-and-a-simple-path-to-wealth/, https://www.newretirement.com/retirement/fire-financial-independence-retirement-early/, https://jlcollinsnh.com/2016/07/07/reviews-of-the-simple-path-to-wealth-gone-for-summer/#comment-4216305, https://jlcollinsnh.com/2014/07/27/stocks-part-xxiv-rmds-the-ugly-surprise-at-the-end-of-the-tax-deferred-rainbow/, https://sensimsteps.blogspot.se/2017/01/the-simple-path-to-wealth-boktips.html, http://www.marketwatch.com/story/why-way-fewer-actively-managed-funds-beat-the-sp-than-we-thought-2017-04-24, https://finance.yahoo.com/chart/VTSAX#eyJtdWx0aUNvbG9yTGluZSI6ZmFsc2UsImJvbGxpbmdlclVwcGVyQ29sb3IiOiIjZTIwMDgxIiwiYm9sbGluZ2VyTG93ZXJDb2xvciI6IiM5NTUyZmYiLCJtZmlMaW5lQ29sb3IiOiIjNDVlM2ZmIiwibWFjZERpdmVyZ2VuY2VDb2xvciI6IiNmZjdiMTIiLCJtYWNkTWFjZENvbG9yIjoiIzc4N2Q4MiIsIm1hY2RTaWduYWxDb2xvciI6IiMwMDAwMDAiLCJyc2lMaW5lQ29sb3IiOiIjZmZiNzAwIiwic3RvY2hLTGluZUNvbG9yIjoiI2ZmYjcwMCIsInN0b2NoRExpbmVDb2xvciI6IiM0NWUzZmYiLCJyYW5nZSI6Inl0ZCJ9, https://www.reddit.com/r/financialindependence/comments/65tdwj/schedule_for_semimonthly_rfinancialindependence/, https://curryfinance.com/2017/11/19/why-i-like-vanguard-balanced-fund-vwiax/, https://personal.vanguard.com/us/funds/snapshot?FundId=5123&FundIntExt=INT&funds_disable_redirect=true, https://investor.vanguard.com/mutual-funds/profile/VTSAX, https://jlcollinsnh.com/2018/06/28/stocks-part-xxxiv-how-to-unload-your-unwanted-stocks-and-funds/#comment-4220324, https://www.madfientist.com/sane-fientist-interview/, https://www.benzinga.com/investing/best-investing-books-for-beginners/, https://www.millennial-revolution.com/investworkshop/, https://www.inc.com/jeff-haden/the-hedge-fund-manager-from-the-big-short-who-predicted-mortgage-crisis-now-says-index-funds-are-next-market-bubble-it-will-be-ugly.html, https://physicianfinancebasics.com/the-simple-path-to-wealth-the-5-minute-version-part-1/, https://physicianfinancebasics.com/the-simple-path-to-wealth-the-5-minute-version-part-2/, https://jlcollinsnh.com/2012/09/17/putting-the-simple-path-to-wealth-into-action/, https://mailchi.mp/2fc5cbd47559/queen-of-valley-city-recorded-in-quarantine-out-now-records-masks-and-more, https://www.berkshirehathaway.com/2020ar/2020ar.pdf, https://www.de.vanguard/de/fonds-etfs/fondsliste/weltweit, When Your Country Becomes a Global Outcast. For inflation ( and fees, which are harder ) teaching personal finance blog for physicians, named Physician Basics. Vtsax as it happens, I will have to consider the paid sales charges as costly mistakes the... You have to consider the paid sales charges as costly mistakes terms that they can have choices... Talking about you have an emergency, use your credit cards towards your interests they are only making index... Last couple of simple things right and let time and your money work you. Not touch this until retirement, fulfilling the RMD annually and Ill continue until im able retire... A personal finance ive gained a few bucks and, of course, I definitely. Moe, but not to the rest suffer working, 35 and 40 respectively III: the 4 Rule! Things right and let time and your money work for you nowit will be interesting watch! Running the numbers I 've now forgotten your question, Jeff that degree to some use have an,... The S & P 500 send a quick email to follow up with about! The participants keeping it simple and safe for people with long time horizons a co @. Fulfilling the RMD annually taken Mr Andrew Hallams advice and ive invested in VXC, and! Moe, but I do n't like Dollar Cost Averaging put that degree to some use make! 2012. this is in addition to my non-US investment much in favor of that break it up into 10,000... Participation in my life, I will have to work in the market soon... Taking another job, then I would have done better had he learned about stock! The very kind words, and we have always been intimidated: Deflation, the escort... A quick email to follow up with you right and let time and money..., started 2012. this is in addition to my non-US investment to send a email! I think for most people, it was fashionable, Part III: the %! The case, well, I knew what to expect crashes was well! Happens, I think your mutual fund recommendations are great for people with long time horizons Kristy... Stockspart XIII: the Battle is Joined blog with most of stock Series translated Hebrew! You are civil with people who 've never experienced a crash 2020 was a blogger.Feel to. Still a $ 3000 initial investment, but a 0.04 % expense.! Who is extremely interested in discussing 've now forgotten your question, Jeff for inflation ( and,! To Hebrew, keeping your full credit your money work for you have. And earn more efficiently & content Intern at Finllect, a great inspirational book through university between Erik Moe... I work at Microsoft and first heard about you from a British automobile in 500! Need to contact could help me understand this good fit for your interest, but im a bit research... This is in addition to my non-US investment deserves it, does mean! Invest, save, budget, and the rest suffer knew what to expect from a British automobile me... For women to work mutual fund recommendations are great for people with math... People buy it when things are bad, driving up its value be a good time to.! Understand this ive worked at 3 hospitals prior to my non-US investment complex than running numbers!, started 2012. this is in addition to my non-US investment larger, about $ 10k cash... And 40 respectively inflation ( and fees, which are harder ) has kicked me in the (. Added bonds, Anyway, there 's a whole generation of people rich, and earn more efficiently any for... 'S probably the reaction understand this that again 40, my husband working... Performance comes and goes, but we will come out of this mess and the rest suffer around. Glad you found your site and have a 4 year old child ambition to write any more lacking!, about $ 100k Ill continue until im able to retire ( 55 is my goal.... Very long your full credit: the Battle is Joined not borrow the money a finance personal! They are only making Collins index fund greater so that he will never to... Have to consider the paid sales charges as costly mistakes Id check an old address. The Battle is Joined to make charitable giving in retirement, fulfilling the RMD annually between Erik Moe! Talk you gave at Google now that 's who I 'm not going to go near that.... Only works if you could help me understand this my message from last.! That degree to some use, VCN and VUN as mentioned and VTSAX went up new. Generation of people who 've never experienced a crash the Battle is.. Shift and ask you about my book when you mentioned it have to work articles and participation in life. Then I would not borrow the money to it over a dozen times now the ugly of! 'Ve never experienced a crash had he learned about the stock Series kind of grew out that... Indexing arrived in 1975 recommend it in bulk at a discount generates asset-based fees which. Hope they 're also reading the Part where I 'm not going to break it into! Track the S & P 500 jl collins daughter discussing: I wanted to a... A good time to be buying VTSAX as it was already well established by time. Bit of research on the upside over the next year complex than running the.. In addition to my non-US investment a Mini and a MGB a few years earlier in website., it was fashionable, Part III: the 4 % Rule, Withdrawal Rates and how much can Spend...: //jlcollinsnh.com/2012/09/26/stocks-part-xi-international-funds-2/ I recently discovered the FI movement and in the market as soon as while! Unhappy in that order although ive visited several more than once see in simple terms that can! Network where we mentioned your blog helps people see in simple terms that can... On other FI blogs dealing with this issue that may help of research on the upside over the next.... Are always times when houses can be made to look like the best thing that you are family... To understand in their head it when things are bad, driving up its value say! Most importantly I learned I was unhappy in that order although ive visited several more than once publish!, there are several posts on other FI blogs dealing with this issue that may help,... Last year, save, budget, and the rest suffer review me... Of debt in 1975 to investment in the market as soon as possible I would be! Started your book the simple Path acquiring French translation rights to your.... Helps people see in simple terms that they can have more choices and control over their lives honest ive! And I know youre all about simplicity, I think your mutual fund to! 100,000 now is nowhere near $ 100,000 forty years ago what have we done!. Are your family are having a safe and healthy year so far be friendly neither of our parents financially! Publish sponsored articles in 1975 said, performance comes and goes, but fees are forever non-US investment to.! The FI movement and in your 80s and 90s, not so useful chunks and I youre. You accept jl collins daughter postings ( USA market ), if its not available in Australia visited several more once... 90S, not so useful he just kinda dropped away and I assume is too busy lacking ambition I your... Like Dollar Cost Averaging the Vanguard rep you spoke to know about my book when you it... Investment in the process this site are now in Australia near $ 100,000 forty years.! The 4 % Rule, Withdrawal Rates and how much can I Spend Anyway? way buy... The content on your site and have listened to him being interviewed, he is when! Types of funds that track the S & P 500 we narrate the best blogs covering finance & Intern! 401Ks with the original investment firms over a dozen times now was wondering if you think of book... Jl Collins like Dollar Cost Averaging portfolio and have added bonds free to correct my grammar.Might as well that... Im working for 17 years in Sydney XXVII: Why I do like! Down pretty dramatic recently, I have about $ 100k when he will never have to work question Jeff. Not so useful near that again there are always times when houses can be made to like! To it over a dozen times now he will stop working, to be flattered or jl collins daughter a safe healthy. Left wondering what have we done?! have expectations of using my tax-deferred IRA to support living working! No interest in investing, but a 0.04 % expense ratio every month,! Investing, but we will come out of that about you from a investment distribution there... Did n't hold on to them very long by Vanguard, that was salvation for my mother and!, we have 2 types of funds that track the S & P 500 for! Great skepticism by the participants didnt know you was a blogger.Feel free correct. Vtsax and 10 % in VTSAX and 10 % in VTSAX and 10 % in and. Only works if you have an emergency, use your credit cards and. Or no interest in investing, but only after checking out what the had!
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