The Simple Path to Wealth-Index Funds Explained with JL Collins | BP Money 20

[@dolladollabeard1400]

"Unlike many things in life, the less effort you put into it, once you understand and implement a few basic concepts, the better your results will be." Love that.

[@missireason8998]

This comes from Jack Bogle. He often referred to simplicity as being majestic.

[@simsammalinao1823]

This is my second time listening to JL Collins. Now I understand his idea about the good international economic and social effects of index fund investments. Companies in the index are stable and investing in such index listed funds stablizes the capital markets, which includes the international capital market. Even after the deepest stock market crash, the stability of the companies on the index list will still continue the capital market stability. So, investments in index funds have social amelioration effects upol all the people in the world. Now JL Collins has started an economic principle that may even worth a Nobel Prize. An economist well versed in capital markets may help draft an economic model with mathematical percision.Much thanks to JC Collins.

[@ashtonmccants]

Absolutely loved JL Collins’ book. It is an amazing read and definitely gives you immediate confidence to take action. His blog is amazing as well. I was really looking forward to watching this episode of BiggerPockets Money. It delivered as expected. Thanks for getting him on the show guys!

[@Nix4me]

You would be better off working 5 hrs of overtime in your job and investing that into index than spending 5 hrs trying to study/learn to pick stocks

[@edwardbarraza4848]

What happened to DIY lol

[@freetrade2financialfreedom407]

JL Collins gives 1st class reassurance when investing in index funds.

[@gnahthe]

Short and concise questions make for an excellent interview....please keep that in mind next time.

[@jeffminnesota7376]

Read the simple wealth book . Awesome simple makes it sweet and simple. Moving towards fire every day keeping track.....of expenses and passive income. Great content keep up the great influence

[@125henni]

I love indexing. To me it makes more sense to index invest and focus more time on making more active money

[@ssaavaFinnSa]

K9989o9o9o989ko? 8

[@ssaavaFinnSa]

?.? I.?

[@ssaavaFinnSa]

?.? I.?

[@ssaavaFinnSa]

? Simon

[@ssaavaFinnSa]

??

[@jasontran81]

I guess I'm among the 1% according to JL Collins for picking stocks. 12 years and counting. Nice podcast.

[@nickc874]

Cough bulllllshit

[@nextunes]

Ever since I started investing, I need to hear this every other week. 😂

[@llouvakates]

Thanku for posting this up! 🙏🏻

[@wdeemarwdeemar8739]

I know this video is older I took 200 k I had in savings I gave 100 k to JPC Morgan brokerage account and the 100 k inserted in three index funds with vanguard and 2 years as of five days ago. I have 11.2 percent growth and JPC made me 4.12 percent growth. I am a RN and my account manager has a Wharton MBA I fired her 4 days ago. I showed her my results she asked how I learned how to do this... I told her the truth, you tube!

[@vdjuvbvx]

Manage your own accounts. That "management fee" will eat away at your hard earned gains.

[@philipnalls]

I love this. Good for you!!

[@njm543]

I want to build a self managed rental portfolio and invest some of the profits I make from real estate into index funds videos like this help round out my investing mindset

[@azhalhalil9429]

Why you wasting time here ? Go get it

[@jattaya]

So is he against "tilts" like value, small cap, and/or emerging markets tilts for potentially more volatility and returns?

[@TheRosswise]

I think he is more about keeping things simple. Just like everyone is an individual, everyone's investing strategy is also different.

[@techguy3507]

Correct. Your assumption that your approach would give you higher returns is not correct in his opinion and in his research. You should read his book.

[@ThePartTimeEconomist]

I read the book over a year ago, so this may not be perfect. Basically, there are two reasons this could be bad. 1. Specialty type mutual funds that focus on a specific sector/geographic location tend to have higher fees. 2. The more actively managed the fund is, the greater chance that the fund manager can mess things up and pick bad stocks.

[@RN-ts2kq]

Forgive me if someone has already said this, but aren’t you “supporting a company” more effectively by buying its products/services than by buying its stock? Though I’d agree with the idea of buying some individual stocks if your enjoyment of the process exceeded the risk of volatility you’d be undertaking.

[@arnabbhattacharya6579]

Simple yet so effective

[@princessdiana2737]

Where could I purchase Index funds from?

[@dolladollabeard1400]

Vanguard VTSAX

[@missireason8998]

Unfortunately Vanguard has a 3k minimum to open. I would go with Fidelity. There is no minimum, and like Vanguard, they are reputable. Stay away from the discount brokers, because they are not discounted when it is all said and done. Why and how they get their money, is a whole other topic.

[@mannycarrasquillo6910]

JL is F'n MAN.

[@californiahandball]

I'm in that very position, I'm currently saving for a house. I'm thinking that it will take 2.5 years for 20% down payment. (I'm in California) I currently have 35k and I just bought 10k in VTSAX and I have 1k in Robinhood, invested over 8 companies. I have 14k in Ally earning 2.20% and I have 10k in Gold and Silver. This made me wan't to pull everything into my Ally bank. Any suggestions if you were me?

[@rmarangelo]

What does FI stand for?

[@rmarangelo]

Fixed Income?

[@devinfitzgerald4462]

Hey Raymond FI stands for Financial Independence. Sometimes this community says FIRE which stands for Financial Independence Retire Early.

[@rmarangelo]

You Rock Devin, thank you for the reply and the clarification :)

[@lawhorn9991]

This is for the wishful thinking investor at best...it is easy to say when times are good, but when times are bad and that matches with your retirement date like in 09, you are messed up.

[@giffy7962]

There's going to be good times and bad times no matter what, you just need to ride them out. Markets trend upward overtime thats why it averages 7-9% a year. I wish I had a boat load of money for 07-09, would have bought the whole US stock market on discount.

[@JasonConroy]

He says if you need all of the money in the next 5 years then you should not invest in stocks. Stocks are for the long term.

[@ThePartTimeEconomist]

This is definitely a long game. That is why he is so passionate about getting started early.

[@onpointconsulting5104]

No, not really. Actually, that's the best time to keep reinvesting.

[@jgg204]

you don't need 100% of your 401K on day 1 of retirement lol. moron

[@ShttyHardcoreCovers]

That lady is insufferable. Great podcast otherwise

[@MarandaX.]

First

[@LordBlackNephew]

maranda flinn but not the last!

[@kodybernier8084]

Congrats

[@WinstonKnows]

maranda, is this your biggest achievement?

[@anthonystitt7015]

Awesome!

[@edwardbarraza4848]

10% average? Over a year that's wild! I thought it was more like 4 % I'm I wrong?

[@alrocky]

Over the last ('09-'18) ten years the S&P 500 has had an average annual return of 13%

[@MattBuysHouse]

Dr Collins has been investing since "1875"...the stock market wasn't even around then..this is pioneering and buying off market.....

[@jayganz7797]

March 8, 1817, Wall Street, New York City, NY - Date the NYSE was established.

[@msarros1]

Investing since 1975 not 1875.

[@onpointconsulting5104]

That's a joke right? I'm quite sure you mean 1975.