Over the past year or so, I have increasingly come to appreciate the value of my time (and effort). More and more, I'm keeping the 80/20 rule (Pareto principle) and diminishing returns in mind. The factors that meaningfully move the needle in personal finance--where you live, your income, insurance and healthcare costs, transportation costs, etc.--are vastly more important than the small details like maxing your savings account rate and credit card rewards. Personally, I enjoy doing comparison shopping, but at a certain point, all this relentless micro-optimizing is not worth the hassle. I've learned that I'm wired as an optimizer, but I'm much happier when I force myself to act like a satisficer.
Great article. I’m concerned about the long term viability of pensions, too. Question: is there a way to delete our own comments with the new comment system?
So BraggingBucks won’t cover the NFT market? I’m bored, next! No joke, I just checked Motley Fool and they have an article where they unironically recommend investing in Tesla, Palantir, and Twitter. After spending time on this site and other pro passive investing communities, I sometimes forget how the average active investor thinks. I’ve got to hand it to them though, they sure are entertaining! 😂
Comments
Over the past year or so, I have increasingly come to appreciate the value of my time (and effort). More and more, I'm keeping the 80/20 rule (Pareto principle) and diminishing returns in mind. The factors that meaningfully move the needle in personal finance--where you live, your income, insurance and healthcare costs, transportation costs, etc.--are vastly more important than the small details like maxing your savings account rate and credit card rewards. Personally, I enjoy doing comparison shopping, but at a certain point, all this relentless micro-optimizing is not worth the hassle. I've learned that I'm wired as an optimizer, but I'm much happier when I force myself to act like a satisficer.
Post: Time Not Well Spent
Link to comment from July 13, 2021
For index investors, probably not (here’s an article explaining the logic of why that’s the case). For active fund managers, there is potentially an advantage—there are more opportunities to discover mispricings and find alpha! Ben Felix has a helpful video that digs into this question.
Post: Is there a downside to the current popularity of indexing?
Link to comment from April 15, 2021
Here’s an interesting opinion piece on the potential threat of runaway inflation.
Post: When during your life were you happiest—and what role did money play?
Link to comment from April 11, 2021
Great article. I’m concerned about the long term viability of pensions, too. Question: is there a way to delete our own comments with the new comment system?
Post: Kick the Can
Link to comment from April 6, 2021
So BraggingBucks won’t cover the NFT market? I’m bored, next! No joke, I just checked Motley Fool and they have an article where they unironically recommend investing in Tesla, Palantir, and Twitter. After spending time on this site and other pro passive investing communities, I sometimes forget how the average active investor thinks. I’ve got to hand it to them though, they sure are entertaining! 😂
Post: Meet BraggingBucks
Link to comment from April 1, 2021
The Bogleheads three-fund portfolio: VTI, VXUS, BND.
Post: If you could buy just three funds or less, what would they be?
Link to comment from March 21, 2021