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> Hands off the wheel, don't think about it, don't mess with it I'm the same way. I put money in, buy more shares of whatever ETF I deem worthy, and outside of
by H1Supreme 8y ago
> Hands off the wheel, don't think about it, don't mess with it
I'm the same way. I put money in, buy more shares of whatever ETF I deem worthy, and outside of the occasional sell to fund another ETF purchase, I don't touch it. It fluctuates, but ultimately goes up.
But, man oh man, do I fantasize about trading. When I look at the underlying stocks in an ETF that's doing good for me, and some of them have these massive YTD returns, I get the itch.
- mabbo 8y agoI suspect I could do that successfully. What I do instead is give up 0.5% per year and let WealthSimple[0] do it for me. Automatic weekly payments from my bank account get invested in whatever way gets me closer to a balanced portfolio. It's a big cut for doing something I could do manually but I'm super lazy and it's a percentage of not much money anyways. [0] https://wealthsimple.com https://wealthsimple.com or https://wealthsimple.com/invite/FCU4AG https://wealthsimple.com/invite/FCU4AG if you want a referral link which gives you (and me) some extra discounts.
- tlight 8y agoThat's a pretty hefty fee when you compare relative to average annual returns. Plus the compounding nature of those costs is not insignificant. Jack Bogle (Vanguard) has a nice chapter demonstrating this in "The Little Book of Common Sense Investing".
- mabbo 8y agoIt is. But like I said, I'm really lazy, haha. It works out to a few hundred dollars per year for me, which I'm willing to pay. There's also discounts for referrals which helps lower it.