Over the weekend, my wife and I talked money. We evaluated our current assets, shared our goals, and made a plan to invest for the future. Mainly, we set up our accounts to automatically invest in target-date retirement funds. For the average American, “set and forget” automation is the best investment strategy. Dollar-cost-averaging into a basket of equities and bonds have historically beaten active management (e.g. hedge funds). And unless you are particularly gifted, trading your own book will yield poor results over the long run.
To avoid bias, hold no coins
To avoid bias, hold no coins
To avoid bias, hold no coins
Over the weekend, my wife and I talked money. We evaluated our current assets, shared our goals, and made a plan to invest for the future. Mainly, we set up our accounts to automatically invest in target-date retirement funds. For the average American, “set and forget” automation is the best investment strategy. Dollar-cost-averaging into a basket of equities and bonds have historically beaten active management (e.g. hedge funds). And unless you are particularly gifted, trading your own book will yield poor results over the long run.