Common Sense Investing | Rick Ferri

[@ExcessReturns]

For anyone interested in our biggest takeaways from this episode, we put together an episode with our 9 biggest lessons kzbin.info/www/bejne/bKOzhZyFi5x7aZo

[@BenH-k8l]

Rick Ferri is not flashy, but he's an amazing man with some of the simplest yet, best advice out there. Thank you Rick.

[@ExcessReturns]

Thank you! We love having Rick on.

[@alexjack5950]

Great explanation from this video. It is advisable to always have a well laid out plan when it comes to investment trading. Good strategies are difficult to come by but with the right broker working for you, you can multiply your success rate to increase your profits immensely.

[@joethimfx5044]

I have to agree. A broker that earns well and steadily is truly priceless.

[@Jameskimmel01]

I know that using professional broker's trading systems profits much more than trading on your own.

[@harpertrades9l]

Investment trading is a good way to generate a steady income stream. A good trading system all but guarantees success.

[@ryanoneill550]

With a properly developed trading system, you can not go wrong. You will make more profits than you believe possible. That has been my experience ever since I employed a broker's services.

[@nickellis2173]

You are very correct. Investment trading is simply so much more profitable when you have good knowledge but it is even better when you have a good broker with a great system.

[@CameronFussner]

Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@LucasBenjamin-hv7sk]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving

[@leojack9090]

Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.

[@hasede-lg9hj]

After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.

[@lowcostfresh2266]

@@hasede-lg9hj Market behaviour can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

[@hasede-lg9hj]

The decision on when to pick an Adviser is a very personal one. I take guidance from Annette Marie Holt to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@doug2731]

I've heard Rick's stages of an Index Fund Investor speech a few times now. Always a pleasure, even as a regular Boglehead.

[@papabear4066]

Oh gosh! Rick is so right. I just entered my last stage after going thru darkness and exploration.

[@Iamjacob-x3o]

Would love to see you address future occurring risks and how you handle these situations yourself. as for me, I'm just a fan of buying into moat heavy, cash flow grantors, buy on dips, and add as they drop, and enjoy the bull markets when they happen.

[@PhoenixVille-h3n]

As always, it’s absurd when people call stocks momentum a flunk, they aren't considering the long run. The companies themselves have not changed, it's the market that keeps changing. Steady as it goes, and it'll regroup in weeks.

[@melii-h3r]

I need the market to go down some anyway. The small pullback at the beginning of the month wasn't enough. Many are overpriced now and buffet sold his. I was looking for a rough setback as I am eager to capitalize on the market.

[@Msmelissa-u1w]

nibbling on heavy red days has proven to be fruitful for me, these days I’m extremely attentive we are entering an unusual market (distort) economy. That doesn't mean that you can't unravel opportunities in every sectors, you can but you should be considering rewarding options to 10x in excess like adding Gold. It would be a vast awareness to align under a top performer for easy earning picks. I did the same and it works.

[@melii-h3r]

well it seems like a lot of your interest is riding on your source, I could really get well accustomed to your viewpoint, get me involved.

[@Msmelissa-u1w]

Oh very well then, all props to Margaret Ann Myatt, her name, and resourceful stock wits structures my holdings quality merits.

[@ppandvp]

Fantastic discussion! Thanks for sharing!!

[@ExcessReturns]

Thank you!

[@gabrielenicolini5988]

Thank you for this great interview. Very important to review regularly these concepts (Simplicity, Diversification, Low Cost and Rebalancing) in order to reinforce ourself against the huge noise generated by the “fees industry”.

[@ExcessReturns]

Thank you for listening!

[@dqretirement]

You're very welcome! It's indeed crucial to regularly review and reinforce foundational investment concepts like Simplicity, Diversification, Low Cost, and Rebalancing. These principles help navigate through the noise and complexities of the financial industry, ensuring a solid and resilient investment strategy over the long term.

[@ExcessReturns]

Thank you for watching this episode. If you enjoyed it, you might also enjoy our previous interview with Rick where he explained how he manages his personal portfolio. You can find it here. kzbin.info/www/bejne/mJuqknytbdNqetE

[@Pieter2360]

What a wonderful, eloquent, interview! It’s basically everything one needs to know about evidence based investing condensed in 1 hour. Great 👍

[@ExcessReturns]

Thank you!

[@Tideo123]

I totally agree. If I didn't buy and sell excessively, I would have be much richer than I am today. Now, I realize that be a simple investor just buy a few major indexes and a lesser percentage into high growth etf then sleep on it for 20 years. It will generate more income. Don't get suck in by the news and talking heads influencers.

[@jamesmorris913]

I enjoy Rick, and the Boglehead's You Tube content, TREMENDOUSLY..the only minor "gripe" that I have about it, is that it seems rather clumsily configured. Sort of "ad-hoc". But, then again..maybe I just need to become smarter than the channel! But, the content is PURE GOLD.

[@ExcessReturns]

We love having Rick on. Thank you for listening!

[@dqretirement]

It's great to hear that you find Rick and the Boglehead's KZbin content to be pure gold in terms of financial advice! Ad-hoc configurations can sometimes give a channel a more casual or unscripted feel, which may have its own charm but can also make it feel less structured.

[@carlyndolphin]

80% global ETF 10% bonds 5% gold 5% money markets

[@OhhHellNoYouWont]

Great advice here. Keep it simple, buy things you understand, take some risk but don’t try to shoot the lights out.

[@henrymarkson3758]

The best investment advice is the advice one would give to their own children. This is the acid test. The advice that I would give to my children is "Do what Rick Ferri does, all else is BS"

[@DesmondMiles333]

Man this guy is really simple.

[@johnnygotshadow]

Solid interview. Thanks.

[@ExcessReturns]

Thank you!

[@michaelakerman7609]

Now we just need another 40 years of falling interest rates so this advice would actually work.

[@chrisp4170]

They tried to drag him into saying something silly, but he was simply thorough and sensible. I would trust him and use him.

[@Valdur26]

Very good video. TY.

[@ExcessReturns]

Thank you for listening!

[@HepCatJack]

Validia runs investment models based on the super-investors. Have you considered taking the top recommendation from each model in a blend model, keeping track of which model the recommendation came from removing it when the rules of the model it came from would remove the pick, replacing it from the top pick from the model to see if the blend does better than the individual models ?

[@Bobventk]

Just such weird logic by Rick on the factors. I’d love to have a conversation w him

[@Jackson-l3r]

Common sense is more rare than you think. It's time to replace legacy thinking with forward thinking and the ability to think outside the box. To do so, one must first understand for themselves that fiat systems are failures that always lead to corruption, manipulation, and deceit. Embrace a future where value is transparent, decentralized, and beyond the reach of those who seek to exploit it. Let's move beyond the broken models of the past and build a more equitable and resilient financial system.

[@I_Love_Figs]

Imagine "investing" into mkt cap weighted indices in the late 90s. It's another way of saying "others must have done the homework for me. "

[@michaelakerman7609]

Look, if you're not a professional chef, your best strategy is to just go to the grocery store and buy a little bit everything until your basket is full. That should get you a better than average meal with less effort involved.

[@x-in_my_mind-x]

Bonds ? What about the debts and USD Crash?

[@bradleymyers974]

Liked it (thumbs up!) even though he took a jab at my Schwab Intelligent Portfolio. For my Roth IRA nothing about Schwab Intelligent Portfolio is complex - sure they hold 20 ETFs, but no taxable events in a Roth, they rebalance it for me, and even have a payout feature. And it's cheap too (15bps all in.) I kid you not, my main reason for buying this was for its overall "simplicity." No question, simpler than having to manually rebalance a "3 Fund Portfolio" then someday manually having to set up a retirement payment schedule. Anyway, I consider myself a Boglehead, but for whatever reason, they're a little slow to warm up to Roboadvisors, or most other new technologies. I hope they don't get stuck in time and gradually fade away into irrelevance with newer generations!

[@PassivePortfolios]

Schwab, Fidelity, etc. create complex portfolios to baffle clients so they keep them as advisers, wrongfully believing that investing is complicated and they have some sort of "secret sauce" to construct the ideal asset allocation. It's all marketing of course.

[@bradleymyers974]

@@PassivePortfolios Im glad to see you had nothing substantive to say regarding anything that I said.

[@CowboyHabibi]

Is he not wrong at 19:53....? I thought products like SPY are market cap-weighted. ?

[@earlyretirement1459]

He's is saying it's market cap weighted. Probably could have explained it better though.

[@SkepticButOptimist]

Yes, he’s wrong here.

[@lustgarten]

Does that mean he owns Chinese stocks?

[@tradespx9055]

Rick, NVIDIA - pronounced ‘Envidia’ not ‘navidia

[@GeorgeSand-tn8pl]

Your guest sounds great, but you sound like you're 2X'd.

[@greg.ocallaghan]

“Passive flows don’t affect valuation, I just don’t believe it” -> jeeez what universe does this guy live in?? He says there’s no evidence of it. Has he ever listened to Mike Green and all the work he’s done on it? The fact that passive flows may continue and therefore a passive indexing strategy may still be superior for the coming years/decade, doesn’t mean that passive flows don’t impact overall valuations. He just wants to believe the market is priced by active value investors and that passive participants are just in for the ride… It’s ok to believe that passive flows bid up the stock market and that THEREFORE a passive index strategy may the the smartest thing to do. He’s just intellectually lazy on that point.

[@Lord_Saruman]

if you go through a period in which bonds are yielding in between 0 and 1% it makes no sense to put or keep any allocation to them - the idea of sticking to an arbitrary percentage of your portfolio onto bonds is bonkers -

[@Bobventk]

U should expect more than 3% real out of global stocks. To say otherwise is absurd (like much of what Rick says) Think about it… You can buy a damn 30 years TIPs for 2% real. You really think the market is going to price EQUITIES at a 1% premium to the RFR?

[@sihooperkelly8798]

VHAI is Mark Cuban looking to buy this an transform it 🚀🚀🚀🚀🚀🚀

[@TallDarkStranger60]

Every year someone comes along, writes a book, telling people to buy index funds, and it sells like hot cakes. Really? What am I missing. This was a total waste of time and replicates, exactly, Jack Bogle's advice and that of hundreds of other "me too" experts.

[@PJBHolden]

💰

[@nicholas5396]

Rick Ferri is a Boglehead disciple. He runs the bogleheads in investing podcast and was the president of the board for the Bogle Center for over three years. If his advice sounds like Jack's it's not a coincidence.

[@TallDarkStranger60]

@@nicholas5396 Then why do we need another person saying the same thing?

[@nicholas5396]

@TallDarkStranger60 because the median 401k balance of people 65 is around $88,000 for starters. The united states expects everyone to save and invest for their retirement however it's not taught in primary or high school. The more that get the word out in theor own way might strike a chord with an individual that the millionare next door or Jack Bogle didn't for one reason or another.

[@TallDarkStranger60]

@@nicholas5396 Ah thanks for that. I get it. The fishing net size strategy. Hopefully, future videos will have a qualifying statement (e.g., this is the same "save as much as possible, buy low cost index funds and hold for the long term" content).

[@PJBHolden]

The next apple…nvidia

[@savusilviu]

You need a 50 ETF portfolio if you run a very leveraged portfolio. The more leveraged you get, the more diversified you need to be, especially under a Portfolio Margin account and/or SPAN margin account.

[@danmilligan5132]

I agree But Can you imagine an individual investor trying to do all that though? That would be almost a full-time job.😅

[@jpHarkins-kb2vv]

I saw new rprts saying. Stocks that will skyrocket i 2nd HALF of 2024. Stocks like PARA. MRNA. BBY. UPST. SQQQ. TDOC🎉