2 ms·
It's known as "the index card"[1] and it's really the best advice for 99% of people who just want to make the most of their money: 1. max your 401k 2. buy a l
by acconrad 8y ago
It's known as "the index card"[1] and it's really the best advice for 99% of people who just want to make the most of their money:
1. max your 401k
2. buy a low cost mutual/index fund (e.g. VFINX)
3. never buy individual stocks/bonds
4. save 20% of your money
5. pay off your credit card balance in full every month
6. maximize tax-advantaged savings accounts (e.g. SEP, IRA)
7. pay attention to fees (i.e. avoid actively-managed mutual funds)
8. only use financial advisors who adhere to a fiduciary standard
9. promote social insurance programs to help people when things go wrong
[1] https://img.washingtonpost.com/blogs/wonkblog/files/2013/09/pollack-card-800x600.jpg https://img.washingtonpost.com/blogs/wonkblog/files/2013/09/...