I am not good at investing (lost money every single time I've tried). Liquid cash gets spent. I am paying off my 5 year fixed mortgage as fast as I can, as I will be up for renewal at the end of next year.
Some people don't have the financial savvy or time to optimize. One size does not fit all.
And that's why normies investors shouldn't be actively investing (I.e. picking individual stocks).
Dump your money into an all-market index fund and forget about it for 25 years. This requires zero "savvy" and not a lot of time. It does require a bit of research to develop some essential financial knowledge, but that's something everyone can benefit from.
If you can't do that much and you're in Canada, look at Wealthsimple, which is a robo-advisors that does this all for you. If you're not Canadian, there maybe be similar robo-advisors that automate passive investing that might be worth looking at.
One size may not fit all, but it absolutely fits most, and my bet is, no offense, you're actually not that special (I know I'm not).
BaseballPhysics|2 years ago
Dump your money into an all-market index fund and forget about it for 25 years. This requires zero "savvy" and not a lot of time. It does require a bit of research to develop some essential financial knowledge, but that's something everyone can benefit from.
If you can't do that much and you're in Canada, look at Wealthsimple, which is a robo-advisors that does this all for you. If you're not Canadian, there maybe be similar robo-advisors that automate passive investing that might be worth looking at.
One size may not fit all, but it absolutely fits most, and my bet is, no offense, you're actually not that special (I know I'm not).