My approach now for long term investing is to auto invest monthly into 5-6 index funds w low fees, aka Bogelheads. Simple, low stress. Dollar cost average on auto-pilot.
Also, set aside a nice chunk of cash to invest during the next crash.
My approach now for long term investing is to auto invest monthly into 5-6 index funds w low fees, aka Bogelheads. Simple, low stress. Dollar cost average on auto-pilot.
Also, set aside a nice chunk of cash to invest during the next crash.
Do you have any evidence this is actually recommended? If I leave $100k on the sidelines for 5 years and magically invest at the exact bottom of a 50% crash and double my money when it rebounds, how is that any different than having invested those $100k in the first place? At a 10-15% return, that’s basically the same returns (we can play with the 10-15% and 50% crash numbers, but my point stands).
somewhat relevant video: https://www.youtube.com/watch?v=w_aOERmUWdA
His videos generally are high quality and offer good advice, although some are tilted towards a Canadian point of view in terms of taxes.