Fill a six-month emergency fund before you buy a single fund. Then hold through the crash, because the S&P 500 recovered in five months in 2020.
This removes the mystique without dumbing it down. The order of operations is the real lesson.
Here's the TL;DR version of this:
• Investing fails without a foundation.
• Emergency funds precede market exposure.
• Diversification reduces catastrophic risk.
• Metrics matter more than hype.
• Time compounds faster than tactics.
This removes the mystique without dumbing it down. The order of operations is the real lesson.
Here's the TL;DR version of this:
• Investing fails without a foundation.
• Emergency funds precede market exposure.
• Diversification reduces catastrophic risk.
• Metrics matter more than hype.
• Time compounds faster than tactics.