Readers - Many thanks for taking the time to read my recent column. Your comments make me realize how much content can't be included in a short column. Looking back, we bought a 20 year term life policy once we had a house and kids. Of course this is a major topic of major importance and one that I somehow did not even consider including in the column! My suggestion of starting a Roth account first - I say this not as a substitute for emergency funds but as a way to dive into the markets as soon as possible. And since a Roth is allowed to invest in individual stocks, you can maintain complete control and beat the market (see Greenblatt's "Little Book that Beats the Market" and also Carlisle's "The Acquirer's Multiple"). Their books are short and simple and their stock lists are free and beat the hell out of the market. All it takes is some seed money and desire...then mostly stomach until you get used to the somewhat higher risk level. Best regards to all! Chuck
Comments
Readers - Many thanks for taking the time to read my recent column. Your comments make me realize how much content can't be included in a short column. Looking back, we bought a 20 year term life policy once we had a house and kids. Of course this is a major topic of major importance and one that I somehow did not even consider including in the column! My suggestion of starting a Roth account first - I say this not as a substitute for emergency funds but as a way to dive into the markets as soon as possible. And since a Roth is allowed to invest in individual stocks, you can maintain complete control and beat the market (see Greenblatt's "Little Book that Beats the Market" and also Carlisle's "The Acquirer's Multiple"). Their books are short and simple and their stock lists are free and beat the hell out of the market. All it takes is some seed money and desire...then mostly stomach until you get used to the somewhat higher risk level. Best regards to all! Chuck
Post: Six Rules for Wealth
Link to comment from January 29, 2023