What Matters Most in Investing
Some things matter more than others when it comes to investing. In my view, the following are the most important factors in reaching your investing goals.
There are so many ways to invest successfully that the most important thing is to just pick something reasonable and stick with it. But it’s key to know which approach to take and why you’re picking that option.
Some things matter more than others when it comes to investing. In my view, the following are the most important factors in reaching your investing goals.
There is no such thing as Portfolio Nirvana. My big beef with very conservative portfolios such as The All Weather Portfolio are that the expected returns are so low.
Why Bother with Bonds? Because stocks are volatile. The author has done investors a huge favor by compiling all this great information into one place.
High-quality investing information and advice is out there, but if you don't know how to recognize it, you're likely to fall prey to the far more common bad advice and drown in the sea of useless information.
529s do not make good retirement accounts. Use a taxable account invested in index funds instead and use your 529s for college.
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Royalty-based lending is similar to peer-to-peer lending, except you have the collateral of a royalty-producing gas or oil income stream.
It's okay to use a good investment advisor. But make sure the advice is good and the price is fair. Hire them for the right reasons though.
Getting rich isn't complicated. Earn a lot, save a lot, and make your money earn more money. Use the Future Value function to predict your future.
Phil Demuth's the Affluent Investor is a treasure trove of little known facts about how the well to do should invest their money. Every doctor should read it.
Peer-to-Peer Lending (P2PL) is a relatively new asset class I've been investing in for a few years with good success. The risks are high, but the low correlation with the rest of your portfolio coupled with the high returns make it worth looking into.
Charley Ellis, one of the good guys in the investing world, wrote Winning the Loser's Game. If you don't know why active mutual funds suck, read this book.
Profit-Sharing Plan too expensive? Try the Mega Backdoor Roth IRA as a small business retirement plan.
You shouldn't sell an asset class just because it did poorly recently. In fact, that's probably a reason to buy an asset class you believe in for the long term.
When deciding which asset class to put in taxable, both tax-efficiency of the asset class AND the rate of return of the asset class matter.
An individual retirement ANNUITY is the ideal way to hold a SPIA purchased with tax-deferred money. You avoid a big tax bill and complex calculations.
Medical school may not have taught you about money, but we will.
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