Stocks -- Part XXIV: RMDs, the ugly surprise at the end of the tax-deferred rainbow, Summer travels, writing, reading and other amusements, Stocks -- Part XXIII: Selecting your asset allocation, Stocks -- Part XXII: Stepping away from REITs. The stock market is just a way for you to lose money. And I imagine that's going to be the reaction a lot of these people who go into these meme stocks, or who just go into the stock market in general without taking the time to educate themselves, and the market will leave you bloody if you do that, and most people are going to say, Wow, that's a terrible thing. Im 30 and didnt get my first real-money job until 2013. I guess not. I suggest you subscribe now. Something to add if you ever do a new edition of the book is to point out that your (home) currency is not a reliable arbiter of wealth. If this is something you do, please let me know. My wife Jane and I have been married since 1982. I My goal is $20K. Dear Mr. J.L.Collins, I was promoted to full-time electrical engineer when I graduated and I worked for about 2 months before I said, NO WAY! I am disable can,t work any more. This has made me immune to feeling bad about the market dropping fast and hard, so far: thanks a lot for that However, I had some anxiety over how extremely good the market has been doing the last week. 6:10-10:03 J.L.'s sudden rise to fame. $6360 is a lot, especially since with our high-deductabel plan well be paying it all out of pocket. Ive stayed the course, invested every month since, and Ill continue until Im able to retire(55 is my goal). Even the Vanguard social index fund may raise some concerns with people that have ethical concerns. I hope this message finds you well. Am I too late in the game to do this? May this act of kindness grow huge dividends in your life financial and otherwise. And if you bought a house 20 years ago in San Francisco, you have a great story about how you made a ton of money. As I was explaining the ins and outs of your incredibly simple system, I became more and more elated as I realized that we have the good fortune to be able to take control of our future in a way I never thought was possible without hitting the lottery. Do you have a time frame in mind? In all your articles, you talk about the Vanguard index funds you recommend, but never mention why you prefer those over the corresponding ETF, even if they have the same expense ratio. I am contacting you on behalf of the Finllect Team to determine whether you would be interested in helping and educating members from the Gen Z with financial activity and independence for a better future. Collins: I would just clarify, I don't say avoid homeownership. Follow the principles in the Stock Series (which of course you have/will read carefully) and begin pouring your savings into your investments. I was just discussing VBAIX in the comments on my most recent post: Read the Coffee House Investor and just finished The Bogleheads guide to Investing (Lindauer, Larimore & LeBouf). Had the market turned around and plunged again, then I would have adjusted that withdrawal rate in a heartbeat. Paul. They are very tax friendly and can be cash accessible. We recently moved to Australia, a lifelong dream of ours, and sold our home in the San Francisco Bay Area and that is where our nest Thanks for showering us with a simple and unique way of investing. And I know that from experience, not only my own, but watching other people, that if you get money right, your life is far easier and more opportunities and rich and rewarding than if you don't get money right. Thanks for keeping it simple and safe for people like our Fire fighters. have you had a chance to look at how Indian mutual funds have performed? Our main goal is to educate and help the generation Z grow to invest, save, budget, and earn more efficiently. I had a question I wanted to ask and went to the Ask jlcollinsnh but I see that section is closed for now. The main bonds we have are government-issued. In your blog you discuss investing, and also the importance of getting out of debt but my questions are: 1: should I reduce high interest debt first or contribute to an emergency savings fund/cash buffer first? in any case, im looking foward to saving my first 10,000 so i can invest it in VTSAX. Not pure enough. I love this blog and the tremendous knowledge you have given me from your book. I am a first responder and I was wondering if the strategy of the simple path the wealth stays the same if I have access to a 457 plan. And from that point of view, for somebody who lacks discipline or doesn't even think about it, like my parents, owning a house long term can wind up being a valuable asset. Your book has a lot of rock solid advice, but this one threw me. Or, as I had to do, are they going to have to panic and sell themselves and then sit on the sidelines licking their wounds, having locked in their losses, while the market, as it always does, turns around and goes back up? Verify your identity, personalize the content you receive, or create and administer your account. 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, of course, the house you get for that set price of money is dramatically different depending on where it's located. Global all cap index. Given this, and also that I have about $30K to invest, do you think this is a good time to buy the VTSAX fund? Beyond the Stock Series, and togive you some idea of what else around here resonates with the regulars, these are the Top 5 most popular posts: To help you get started, check out the sidebar for lists of the Most Popular and Most Recent, along with the Archives, and Categories. 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. Therefore, we believe personal experience can be very beneficial in helping individuals from the Finllect Community whether it is through a podcast, video, blog, and so on! Here is a review I wrote recently: During the 1930s, in the depression, the government made a concerted effort to help people get into homes, because they were concerned about political unrest. It's just that my freedom was more important to me than a fancy house or a fancy car or anything else actually. Yes, I know the answer. Actually, as we talked about earlier, Mr. Bogle brought out his first index fund the same year I started investing, but that didn't benefit me for the reasons we discussed soon enough. . Painfully, I will have to consider the paid sales charges as costly mistakes. 2: what are your thoughts on whole life insurance and disability insurance? I would like to know which Korean agency handles the Korean translation rights of If so, can you send me the pdfs or sample copies for submission? Maybe there will exist goods of that kind in 10 years, in 20 years and so forth, which will be only affordable for those, who took part in the general growth of the economy respectively the wage growth, and not for those who adjusted their income to inflation? The intrinsic value of the bond may change. We want to talk about your path to finding a simple path to wealth, which is the title of your book. We represent proprietors worldwide into the Chinese language markets in China and Taiwan as well as some Southeast Asian territories. I was trying to help an older women to choose a vanguard fund for her IRA. will be prepared to help our daughters with college so I bought your The stock series kind of grew out of that. But your teachings have shattered that notion. Man, I really wish more people understood that concept in general (on both sides). We are currently both full time parents for our toddler twin boys planning new future adventures. As for the US market, it was already well established by the time indexing arrived in 1975. Im working for a big French publisher who is extremely interested in acquiring French translation rights to your book. So, that's probably my biggest mistake. This blog, as with everything I do, is dedicated to them. Maybe the answer is: There is some effect, but because of conditions x, y, z this effect is small or not relevant to a normal life. I finally found you because Chris foound Fritz- The Unholy Alliance is reunited! Are there any other Vanguard funds on the TSE that could suit my needs better? . Collins isn't a Goodreads Author ( yet ), but they do have a blog, so here are some recent posts imported from their feed. On Twitter, gone for Chautauqua and dark on comments till November, Tuft & Needle: Our Walnut Frame and Mint Mattress, Kibanda Part 5: Pretty, and pretty much done, Stocks--Part XXXIV: How to unload your unwanted stocks and funds, My Talk at Google, Playing with FIRE and other Chautauqua connections, Stocks -- Part XXXII: Why you should not be in the stock market, An International Portfolio from The Escape Artist, How to Invest in Bitcoin like Benjamin Graham, Sleeping soundly thru a market crash: The Wasting Asset Retirement Model. In fact, I make fun of in in many places, most recently in my April Fools post here: https://jlcollinsnh.com/2020/04/01/why-i-will-no-longer-be-writing-this-blog/, 1. My whole family will sure benefit from it. I would appreciate any advice. How did you get started as an investor? Are you interested in being in a part of our Future Connection Conference project? No debt and really not a lot of concerns about money. The only time that you benefit is if in fact the market drops, whether it drops suddenly or just drifts lower over that year, then it will work in your advantage. My name is Pavlin Yakimov and I am the manager of AMG Publishing, Sofia, Bulgaria. Also, if we start an IRA for my wife and invest in VTSAX, that should be done through Vanguard directly, right? They come in 3 forms: fixed rates, tracking the national interest rate, and one similar to a TIPS. Lo can't save you. Thanks for writing a book about finances that is down to earth!! The only reason for women to work is if the household needs money? Maybe you should read through his posts or book. I plan on investing a major chunk of my savings in the coming days. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. His name is Moses Canes (for now), and hes an early retiree in his Late fifties. We have new alternatives that could help you do just that. The email goes on to explain that the new ETFs are Vanguard ESG U.S. Stock ETF (ESGV) and Vanguard ESG International Stock ETF (VSGX). I am 27 years old so time is on my side. I think the core ones, and I talked about this on the blog and in the book, are spend less than you earn, avoid debt, and invest the difference. But my bigger objection to it is that it's not a very effective financial way to build wealth. 2) In brazil we dont have a total market index fund? Thank you so much for consolidating and organizing your blog posts into a great book! But I didn't hold on to them very long. I am so happy to have found you through the Mad Fientist. I read your book and other authors about investing. Great Value. 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