3763: Choosing Investments is Like Choosing a Pizza by Kelley Long with Financial Finesse on...
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Episode 3763:
Kelley Long explains why the many overlapping terms in investing make it feel harder than it is, then uses pizza to compare four approaches: picking your own stocks, building a mix of index funds, buying a target date fund, or hiring a financial advisor. She shows how each trades cost against effort and why a single target date fund is already a diversified asset allocation.
Read along with the original article(s) here: https://www.financialfinesse.com/2016/04/20/choosing-investments-is-like-choosing-pizza/ (https://www.financialfinesse.com/2016/04/20/choosing-investments-is-like-choosing-pizza/)
Quotes to ponder:
"It's important to know that a target date fund is already diversified."
"You have to know what you're doing or you can end up with nothing, but people who know what criteria to look for and how not to take too much risk can really grow their money."
Optimal Finance Daily is a daily personal finance podcast where we narrate the best articles on financial independence, investing, saving money, and money management, read to you by a professional narrator so you can grow your wealth a little more every day.
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