Certainly, Mr. Collins’ conservative approach to financial growth isn’t going to be a hindrance to your pursuit to build wealth; however, some of it is VERY contradictory to what we’re a proponent of here: which is to say that we DO believe a large portion of your time and effort should absolutely be about trading, buying & selling unique income-producing assets, timing the market, and being a higher-risk minded prudent speculator.
But, remember: if you subscribe to some of JL Collins views (one of which is to rely on minimally-managed STOCK index funds to do your heavy lifting) just know we don’t believe the means you should just dive in 100%.
If you go full-on Beta, even if you do diversify across sectors and countries, then you’ll get what Beta delivers: expected, historical broad market returns.
As speculators, we’re looking for extreme value, unknown deals, and outperforming the masses who mostly just want to mimic a benchmark. We put money to work in alternative investments (assets and income-vehicles that aren’t traditional in flavor) while also utilizing (as an offset to the risk) what you’ll learn from Mr. Collins, if you buy his book below.
In short, there really is no ‘one-sized-fits-all’ approach to growing wealth, as not every individual has the same amount of Time to put the effects of compound interest to work through a purely-passive approach and/or dollar-cost average into just stocks and/or bond funds.
For a much more critical-thought (i.e., beyond just simple) overview about the skills and viewpoints you need to build and preserve wealth, be sure to listen to the 16-minute audio we put inside M4 Insider (Etc >> Commentary / How-Tos)
“In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. You’ll never find a wiser advisor with a bigger heart.” ~ Malachi Rempen: Filmmaker, cartoonist, author and self-described ruffian
This book grew out of a series of letters to my daughter concerning various things—mostly about money and investing—she was not yet quite ready to hear.
Since money is the single most powerful tool we have for navigating this complex world we’ve created, understanding it is critical.
“But Dad,” she once said, “I know money is important. I just don’t want to spend my life thinking about it.” This was eye-opening. I love this stuff. But most people have better things to do with their precious time. Bridges to build, diseases to cure, treaties to negotiate, mountains to climb, technologies to create, children to teach, businesses to run.
Unfortunately, benign neglect of things financial leaves you open to the charlatans of the financial world. The people who make investing endlessly complex, because if it can be made complex it becomes more profitable for them, more expensive for us, and we are forced into their waiting arms.
Here’s an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more costly to the investor, they are less effective.
The simple approach I created for her and present now to you, is not only easy to understand and implement, it is more powerful than any other.
Together we’ll explore:
To purchase the book, go to:
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