All tagged JL Collins
This year, we are excited to give away a bunch of goodies to the fabulous people who subscribe to The Happy Saver. Thank you so much for your support throughout 2023. Nothing says CHRISTMAS like a book on good money management, some budgeting software or buying shares; am I right? Indeed, I am!
This week I’m answering a question that Paul has sent to me, and it is a question that I’ve been dwelling on myself. I’m going to do my best not to get too deep in the weeds with my answer. It might sound like a niche question (Which is better: TWF - Total World Fund or USF - US 500?), but the answer I give is, in my opinion, widely applicable to investors.
Back in January 2012, blogger Pete Adeney, aka Mr. Money Mustache, wrote a blog post that changed my life when I eventually discovered it in about 2016-2017. I don’t think I would not be sitting here today, in our position, had I not stumbled upon it. Then his following article explaining the 4% Rule, which he wrote in May of 2012, set our wheels in motion. And these two powerful blog posts have just turned 10.
There has been a sudden interest in the share market and it has me worried. I am noticing that there is a cohort of investors frantically rushing to invest in shares to “make the most” of this current crisis. I, on the other hand, have resisted all instincts to DO SOMETHING, to rush around and find those one or two companies that are at what I believe to be rock bottom prices so I can buy low and sell high. Instead, I have calmly followed the advice of John C. Bogle when he said: “Don’t look for the needle - buy the haystack”. That’s what I’m doing, I’m just buying the entire market.
Do you think that now might be a good time to start investing for the first time? I think so. It’s as good a time as any and if you are new to investing, I want this to be the first blog post you read, because it’s going to save you a whole heap of heartache in the long run. And that is a promise.
I’ve had my millionaire questionnaire available since July and I thought I’d look at a couple of the questions in particular and see if there are any common threads that we can draw on and I’ve read through each response and gleaned the following advice for you.
When I realised that in order to become an investor I didn’t have to learn how to pick stocks it was like the clouds had parted and the sun had finally come out. And I have American John C. Bogle to thank for that. Last week he passed away at the age of 89 but he leaves a huge legacy behind and I know that in years to come many will still be learning from him, just like I did.
Two weeks ago I was giving away a book The Simple Path To Wealth by JL Collins and in order to win it I asked you to send me an email telling me the most simple strategy you have devised so far to get yourself ahead financially. I was flooded with suggestions and I thought that they were just too good not to share.
Being better with your dosh is all about education. You can sit down with your bank and they will educate you, that’s a surety, but is it the type of education you should be seeking out? So, this week I wanted to share with you a book I’ve been reading from a writer I have followed for a while.
