Ten Rules for Financing Life - Introduction to John Bogle's common sense investing

http://www.financinglife.org This is a free, not-for-profit, educational website to teach the basic investment principles that everyone should know. It describes the best ways to invest money, and the best place to invest money. You'll learn how to choose mutual funds, why index funds are smart investments, and how to invest in bonds which should be a part of everyone's asset allocation. Free Course: 9-Steps To Financial Independence http://FinancingLife.org/guide Subscribe to this YouTube channel: http://www.youtube.com/use/FinancingLife101?sub_confirmation=1

Comments

1. Thanks for the kind words. And ... CONGRATULATIONS TO YOU for getting started. Common sense investing is a lifelong discipline. It's not something I invented. Rather, it is time-proven wisdom that I am merely sharing. Please do the same. Share what you've learned with your friends.
2. This is brilliant stuff. Thank You Thank You Thank You! Right now I'm learning learning and learning some more about financials and as I learn, I'm saving half of my income and preparing for investment. You're right about the garbage. There really is so much of it out there! Fortunately, I found this first before any other managed funds with glossy expensive propositions. More people need to adopt your strategies. I've set out my asset allocation already. I Thank You again for your help. :)
3. Bogleheads*org is the place to go. Their server is currently down because of the big storm, but they'll be back—and you'll find them to be an amazing organization. They (we) endearingly call themselves Bogleheads after John Bogle, champion of ordinary investors, and generously dispense advice inspired by John Bogle. You'll find the wiki there to be informative and the forum to be candid and full of wisdom. You'll have discovered a jewel on the internet! Good luck to you! :-)
4. Congratulations Marco! It sounds like you've learned the importance of *low-cost* broadly-diversified investing. That's the goal. Using index funds is just the common tactic to achieve it. Many just just have three funds: Total US Stocks + Total Int'l Stocks + US Bonds. Others weight small companies more heavily for higher expected returns (and risk). I suggest you visit Bogleheads*org and then post your specific situation to get some free outstanding advice from some very generous experts.
5. Well, not so fast. Consider if there were only three finance books in the world: A, B, and C. How many combinations of these books could you suggest, or sell? Seven, right? A, B, C, AB, BC, AC, ABC So it is not a surprise that many mutual funds are possible, they are just collections of stocks in the same way. The issue is to avoid paying too much for the collection. This can be easily done by paying attention to the fees, which I’m sure you’ll do if you have watched these videos.
6. There are more mutual funds than real stock out there. What gives? How about when baby boomers cash them out in droves and drive down prices when this ponzi arrangement collapses.
7. DinoTalkz, it sounds like you are on the right track. If you don't pay an expensive 1% "expense ratio" then you get to keep that as additional earnings. Hunt for the most diversified lowest-cost mutual funds—they are almost always index funds. Good luck to you. -Rick
8. dinotalkz is me. I bought an index fund, and i bought an aggressively managed fund as well. I had a hard time finding anything easily obtainable that had a MER of less than 1% so just went to my local bank(s) and bought some for practice. I do intend to buy index funds though, but since i'm still so new to everything, i didn't mind buying mutual funds at the moment either.
9. DinoTalkz, glad you enjoyed and learned something. I'm a little confused by your comment. Usually an "aggressive fund" means an actively managed fund that is trying to beat the market. If you chose that, then I failed to convince you to use index funds, or you didn't watch enough of the videos. But congratulations for starting to save. That is probably most important.