The Friction is the Message
In the financial world, the friction – or lack thereof – sends a clear message about who you’re dealing with.
Should you be hand-picking stocks? Timing the market? Or taking the “lazy portfolio” way out?
Investing and Retirement are complicated and consequential topics. The articles below address these complex ideas.
I hope you enjoy them! And let me know what other questions you’d like me to dig into.
In the financial world, the friction – or lack thereof – sends a clear message about who you’re dealing with.
It takes confidence to take action. Investing is risk, and risk is scary. But overconfidence leads to too much action and screws it all up.
The best time to extinguish a fire is at the start. Stop the compound spread as early as possible and prevent an inferno. Investing is the opposite. Interrupt your compounding as little as possible. Let your “inferno” grow and grow and grow.
Lawrence recently wrote in: Dear Jesse, My wife is 70 and I’m about to turn 70, and we’ve been retired for 8 years, and even… Read More »Dying with Millions
“You have a better chance of improving by getting rid of bad traits rather than acquiring new ones.”
The past four months are a terrific reminder that most of the time, your investment portfolio progresses upward, and does so quietly. The economy is not the market. The news is not the market. If you allow headlines to inform your investment decisions, you’ll quietly lose out on double-digit gains.