If you are not smart enough to beat the market, don't be stupid to lag behind the market.
MoatCity 发表评论于
I have been sticking to the industry convention of keeping portion of investment in fixed income (equity = 100 - age?), and in the end, the asset accumulation has suffered quite a bit in the last 30 years. Average return has been around 2-3% lower than marker average. Remember, (1.07)^30 = 7.6, yet (1.09)^30 = 13.3, 2% difference would yield almost twice as much. Extremely painful lesson, looking forward, I don't have 30 years left, and I don't have time to recover the loss incurred due to the wrong investment strategy.
硅谷工匠 发表评论于
Steady family = stable wife from a good family. Take care of the first income first, and try to become a manager at your work. Then learn to build your business and always watch out for opportunities.
