Invest in lowcost index funds from "summary" of I Will Teach You to Be Rich, Second Edition by Ramit Sethi
Investing in low-cost index funds is one of the simplest and most effective ways to grow your wealth over time. Index funds are a type of investment fund that aims to mimic the performance of a specific market index, such as the S&P 500. By investing in index funds, you are essentially investing in the entire market, rather than trying to pick individual stocks. The key advantage of index funds is their low cost. Unlike actively managed mutual funds, which have high fees and often underperform the market, index funds have minimal fees because they are passively managed. This means you get to keep more of your investment returns, rather than paying them out in fees to fund managers. Another benefit of index funds is their simplicity. With index funds, you don't have to worry about researching individual stocks, trying to time the market, or constantly monit...
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