I totally agree. Mr. JJ Collins is a wealth of knowledge and so humble. What a breathing fresh air - wish I had discovered him earlier in my 20s as I am now 61. Excellent information; keep it going!!👍🏼👏🤗💯🙏🏼☮❤
Simple Path to Wealth is a great read and must have book and a nice "road map" through life and investing/retirement concepts. It's one of those books you wish you read 20 years ago...well, my gift to younger people is this book...
In relation to the library "life hack," for those of us who like to own physical copies of our favorite books, most local libraries are the recipients of mass quantities of donated books. And many libraries have annual (or more frequent) sales of extra books they don't need or have room for where hardbacks are often $1 apiece or less. I've picked up many $25 books for as little as 10 cents apiece.
Its great to have a re-listen to the stock series editions every so often. The Simple Path To Wealth book is a light bulb moment read with reassurance and an achievable path to follow.
It really is amazing how much we can re-learn from re-watching, reading, or listening to things that made an impact on us in the past. Glad to see you're keeping your financial edge sharp!
Great stuff - when stocks go down 50% and everyone says it will go down another 30% from there, there would only be a handful of investors holding on to their investments leave alone buying additional quantities....this is moment of truth!
Looking forward to getting this book in my hands! I have never invested anything in my life, but I am looking forward to a new first time life changing opportunity.
Jonathan, Brad, JL Collins! enough said well done gentleman you guys are so inspiring so much knowlege. Please get on the radio waves you will transform the country!
Great guy and sound advice. I play around with single stocks a bit but that’s far more because I actually enjoy the process of researching companies and trying to judge economic trends etc. I’m under no illusions that the chances of me outperforming the index over the next 60 years (I’m 24) is infinitesimally small. Once I’ve got together a deposit for a house, my next priority is a personal pension and I’ll be indexing all the way. Will almost certainly use vanguard.
Love this content guys - I’m wondering where to find a link for the Apple podcasts episode. I’m not seeing a link in the description and I would like to listen in podcast form instead of UA-cam. When I searched for the episode in Apple podcasts I could only go back as far as episode 85. This video makes it seem like this would be episode 19. Anyway, can you please provide podcast links for the JL Collins stock series episodes? Thanks!!
I totally agree with you Stephen!! I really like how he explains everything in a simple and easy to understand manner. He's awesome... and so humble. I wish I had discovered him years ago. He is waaaayyyy better than most out there who say they are trying to help us understand. He deserves a trophy and all the accolades for what he does. Love him!👍🏼👏💯🕺🏽☮💟
It's just as well that I didn't read JL's blog post on "why your house is a terrible investment" before I read the Simple Path to Wealth or I might have dismissed him entirely! (Buying a flat in Edinburgh at age 24 was one of my best financial decisions). It will be different in the US from the UK though.
I view market plunges as a great time to do my Roth conversions. Other than that, I keep with VTI and I do have a few inverse 1x ETFs in my IRA brokerage account to counterweight market downturns. I do subscribe to the notion though too that nobody ever lost money taking a profit.
Actually current research shows that Buffet’s extra returns are explainable by systematic factors (size, quality, profitability). Said otherwise, you could have used a qualitative filter to determine stocks that would have gotten you the same outperformance. He is still a genius to recognize and use a systematic approach to harvest these premia, but magic (or superior individual stock-picking) this ain’t. Unfortunately now that those factors are identified and widely publicized, the mispricing - and superior returns - have all but vanished. Still, the market beta premium is still there - so an index fund it is...
It's kind of what Warren Buffet does too. He focuses in on what he knows and puts a large percentage to a smaller amount of names and spaces he knows very well. You don't need to diversify, it just what people do to try to mitigate risk.
If things are logical and obvious, maybe no comment necessary ;-) Though - i have one concern: what about home bias, why not globally diversify (with Vanguard) ? And what should european Investors do with there currency risk?
Good stuff. I listened with headphones and sounded like somebody was snoring the entire time in the background someone need some heavy duty nasal spray
Since i met his ideas i created two account one passive low cost the other one me stock picking. No difference between the 2 ... so far at least. Its been 3 years.
Teasing people? Not trying to teach people? Looking for clout? Like 20 seconds in rn and it's windy. Not the place for me ig. Respect you hustle ig. Im into bang bam! Learning and prospering. Yall just want your views. Tryto entertain. Gl.
🚩🚩🚩To add. Over 6 mins in and u ain't said one thing about the stock market. Not one educational setence. Go elsewhere people if u are serious about learning of this craft
Motley Fool Stock Advisor picks have consistently beat the S&P500 index by a significant margin over a long stretch. I think it's a bit oversimplified and maybe even lazy to assume that you cannot do better than index investing with very little effort.
Mr Collins is a wealth of knowledge and conveys his message in a humble, easy to understand way...great post
Mr. Collins is the TRUTH!!!
I totally agree. Mr. JJ Collins is a wealth of knowledge and so humble. What a breathing fresh air - wish I had discovered him earlier in my 20s as I am now 61. Excellent information; keep it going!!👍🏼👏🤗💯🙏🏼☮❤
Simple Path to Wealth is a great read and must have book and a nice "road map" through life and investing/retirement concepts. It's one of those books you wish you read 20 years ago...well, my gift to younger people is this book...
JL Collins and Michael Kitces are my binky's for FI. Thank you to both of them and to ChooseFI for helping to educate the masses!
In relation to the library "life hack," for those of us who like to own physical copies of our favorite books, most local libraries are the recipients of mass quantities of donated books. And many libraries have annual (or more frequent) sales of extra books they don't need or have room for where hardbacks are often $1 apiece or less. I've picked up many $25 books for as little as 10 cents apiece.
Julie Stade it pays to be jewish with your money
I opened up a Roth this year with Fidelity(handle our work 401k) and only investing in FXAIX...💪💪💪
I have 85% in this in my 401k.
Its great to have a re-listen to the stock series editions every so often. The Simple Path To Wealth book is a light bulb moment read with reassurance and an achievable path to follow.
It really is amazing how much we can re-learn from re-watching, reading, or listening to things that made an impact on us in the past. Glad to see you're keeping your financial edge sharp!
Everyone interested in personal finance need to read Jim's stock series! The book "Millionaire Next Door" and Jim's stock series changed my life.
I read both, and I think they should be read together.
@Ed Right on! People get so confused with jargon that they don't do the simple, common sense investing.
I cant find "Jim's stock series" on Amazon. Whats the author's (full) name please?
@@felixrodrigues1157 the stock series is on jlcollinsnh.com. The book and audio book is called the simple path to wealth.
@@ThePartTimeEconomist
Great stuff - when stocks go down 50% and everyone says it will go down another 30% from there, there would only be a handful of investors holding on to their investments leave alone buying additional quantities....this is moment of truth!
Looking forward to getting this book in my hands! I have never invested anything in my life, but I am looking forward to a new first time life changing opportunity.
2 years later - Did you read it? Have you started investing? :)
Jonathan, Brad, JL Collins! enough said well done gentleman you guys are so inspiring so much knowlege. Please get on the radio waves you will transform the country!
@N AM lol....ok
Great guy and sound advice. I play around with single stocks a bit but that’s far more because I actually enjoy the process of researching companies and trying to judge economic trends etc. I’m under no illusions that the chances of me outperforming the index over the next 60 years (I’m 24) is infinitesimally small. Once I’ve got together a deposit for a house, my next priority is a personal pension and I’ll be indexing all the way. Will almost certainly use vanguard.
Thank you for doing this interview. I am new to this information and older, and lovin it. God bless you and best wishes to you guys 😃
He is the authority on practical wealth building for those like me who don't wanna be day traders nor spend hours a day calculating investment moves.
Yes, he provides a calm voice and simple, easy investment strategy in the personal finance space. He's also a nice guy!
@@ChooseFI ya, Collins rules!
Good job guys. Such a mental treat. Thank you
Jim is so awesome! Thank you for this segment!
Love this content guys - I’m wondering where to find a link for the Apple podcasts episode. I’m not seeing a link in the description and I would like to listen in podcast form instead of UA-cam. When I searched for the episode in Apple podcasts I could only go back as far as episode 85. This video makes it seem like this would be episode 19. Anyway, can you please provide podcast links for the JL Collins stock series episodes? Thanks!!
Jim Collins is the Man who will be the next John Bogle!!
I totally agree with you Stephen!! I really like how he explains everything in a simple and easy to understand manner. He's awesome... and so humble. I wish I had discovered him years ago. He is waaaayyyy better than most out there who say they are trying to help us understand. He deserves a trophy and all the accolades for what he does. Love him!👍🏼👏💯🕺🏽☮💟
@@user-qc8vj3vp9v Right on!!
Most valuable information. Thanks so much.
It's just as well that I didn't read JL's blog post on "why your house is a terrible investment" before I read the Simple Path to Wealth or I might have dismissed him entirely! (Buying a flat in Edinburgh at age 24 was one of my best financial decisions). It will be different in the US from the UK though.
1 word, Index, Index is all you need
Is investing at 45 years old too late for this type of investment? If yes what other options do I have?
I view market plunges as a great time to do my Roth conversions. Other than that, I keep with VTI and I do have a few inverse 1x ETFs in my IRA brokerage account to counterweight market downturns. I do subscribe to the notion though too that nobody ever lost money taking a profit.
3 years ago my goal was 500 oz of silver and 5 of gold. almost there.
Why dont add the turkish subtitle for videos. Please add it.
What is the correct symbol....vtsax?
Actually current research shows that Buffet’s extra returns are explainable by systematic factors (size, quality, profitability). Said otherwise, you could have used a qualitative filter to determine stocks that would have gotten you the same outperformance. He is still a genius to recognize and use a systematic approach to harvest these premia, but magic (or superior individual stock-picking) this ain’t.
Unfortunately now that those factors are identified and widely publicized, the mispricing - and superior returns - have all but vanished. Still, the market beta premium is still there - so an index fund it is...
De-worseification is Rich Dad Poor Dad.
It's kind of what Warren Buffet does too. He focuses in on what he knows and puts a large percentage to a smaller amount of names and spaces he knows very well. You don't need to diversify, it just what people do to try to mitigate risk.
and so few comments???? such a pitty.
WRONG. It's fucking sad.
If things are logical and obvious, maybe no comment necessary ;-)
Though - i have one concern: what about home bias, why not globally diversify (with Vanguard) ? And what should european Investors do with there currency risk?
o yes, I listened to this episode and I decided to ignore everything about index funds and pick my own stocks. slightly beating the market :P
The idea is short vs long term, and the amount of work put into each one
good for you :) when the tech stock crash occurs and you underperform, at least you will have some money ready to move to index funds.
GREAT, THANK U
Wonderful
How much of the index investing is relevant when we look at Indian stock market?
👍👍👍👍👍👍👍👍
Good stuff. I listened with headphones and sounded like somebody was snoring the entire time in the background someone need some heavy duty nasal spray
Is that all you got? Sorry!
Can index funds be bought outside of the IRA
Yes
Yep
Bookmark 44:10
34:07
There's a name for institutional and retail "investors": meat, dinner.
Wow 4 minutes of shilling before the interview even starts. Cool. 4:20 to start
Thank you
Since i met his ideas i created two account one passive low cost the other one me stock picking. No difference between the 2 ... so far at least. Its been 3 years.
I agree with you. Half the fun is just researching in trying to solve the puzzle. Just hold investments and don't try day trading
Wait 10+ years and you may see a difference.
Teasing people? Not trying to teach people? Looking for clout? Like 20 seconds in rn and it's windy. Not the place for me ig. Respect you hustle ig. Im into bang bam! Learning and prospering. Yall just want your views. Tryto entertain. Gl.
Why why can't you outsmart it. You can find growth stories on the market
🚩🚩🚩To add. Over 6 mins in and u ain't said one thing about the stock market. Not one educational setence. Go elsewhere people if u are serious about learning of this craft
Please ask him to invest in a microphone too.
This guy is dangerous. Kind of person who thinks the difference between an 80% loss and 90% loss is 10%
Motley Fool Stock Advisor picks have consistently beat the S&P500 index by a significant margin over a long stretch. I think it's a bit oversimplified and maybe even lazy to assume that you cannot do better than index investing with very little effort.
Utter BS.