This document is intended to motivate friends and family to take the plunge into managing their own investment plan.
Everyone's situation is different. I did my best to recommend concepts without suggesting specific allocations or numbers.
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A simple investment strategy can be just as effective, if not better, than a complicated strategy.
{% hint 'quote' %} A few simple investment principles that have historically produced risk-adjusted returns that are better than the returns of average investors.
Bogleheads Investment Philosophy
{% endhint %}- Buy low-fee index funds
- Popular brokerages are Vanguard, Fidelity, and Schwab
- Benefit from tax-advantaged accounts as much as possible
- Resist the urge to outsmart the market
- Or to trust someone to beat the market for you
- The goal is to get to the point where you can live off of 4% of your savings