No. of Recommendations: 14
You make the core part of your portfolio a broad index, and then you put whatever you want around it.
So, start out with a basic index, be very tax-aware of what you do, and then back to the behavioral stuff: Don’t interfere with the market’s ability to compound.
The crazy thing about Warren Buffett: His wealth has doubled over the past seven years. Think about how insane that is. He’s 94, like half of his wealth came about from zero to [his late eighties], and the other half came about in the last seven years. That’s the miracle of compounding.
cnbc.com - Investors will be miles ahead if they avoid these things expertI thought it was great advice for most savers/investors. Of course the advice may not apply to the many superinvestors who are denizens of this board.
