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> he is a big proponent of index funds Oddly, when I entered the passive index world I got absorbed into checking in on my index ETF purchases every day, multi
by crescentfresh 8y ago
> he is a big proponent of index funds
Oddly, when I entered the passive index world I got absorbed into checking in on my index ETF purchases every day, multiple times per day, and resisting the urge to sell and buy (more index ETFs, lol). I knew in my head this made no sense - the prices will follow the market by design - yet this urge went on for like 2 weeks before I forced myself to stop.
- njarboe 8y agoIf you follow the rule that you are not experienced enough to pick out individual stocks you should also follow the rule not to pick various sectors or all the other possible index funds that exist. Following this invest in only two funds. A total index fund for the companies in the country you want to live in (and hopefully the one you already do live in :) ) and a global total index fund of some type. I would choose a global fund that invests only in places that had a decent rule-of-law culture, but that's just me.
- perl4ever 8y agoThe nice thing about index funds is there are so many different ones to buy and trade. Years ago, I made a portfolio of many ETFs. One idea that I found attractive for a while was to equal weight by country, on the basis that it should be better diversification than owning the world, cap weighted.