Audio available in app
Keep costs low from "summary" of The Little Book of Common Sense Investing by John C. Bogle
Keeping costs low is a fundamental principle of successful investing. The key is to minimize the expenses you pay to own an investment. In the world of investing, costs matter - a lot. They may seem small individually, but when compounded over time, they can have a significant impact on your returns. The more you pay in fees and expenses, the less you keep in your own pocket. The idea is to focus on the long-term, and the best way to do that is to keep costs low. When you invest in low-cost index funds, you are essentially buying a diversified portfolio of stocks at a low cost. This approach allows you to capture the returns of the overall market without the high fees charged by actively managed funds. By keeping costs low, you can increase you...
Similar Posts
Spend less than you earn
The single most important financial principle you will ever learn is this: spend less than you earn. It sounds so simple, yet s...
Focus on longterm investing, not market timing
The intelligent investor knows that attempting to time the market is a fool's errand. Market timing relies on the ability to pr...
Take calculated risks to grow your wealth
To achieve financial success, one must be willing to take calculated risks. Risks are inherent in any investment opportunity, b...
Build a supportive community
Building a supportive community is crucial when it comes to achieving financial success and independence. This community can co...
Emotions can sabotage investment decisions
Investing is a game where emotions can wreak havoc on one's decision-making process. When emotions come into play, rationality ...
Evaluate a company's financial health
Analyzing a company's financial health is a critical aspect of successful investing. It involves a thorough examination of the ...
Seek out mentorship from successful investors
One of the best ways to accelerate your learning curve in investing is to seek out mentorship from successful investors. By lea...
Asset allocation should be customized to individual needs and goals
Asset allocation is a crucial component of any investment strategy. It involves dividing an investment portfolio among differen...
Shift your mindset about money
Let's start with a simple truth: money is not just about numbers. Yes, it's important to have a grasp of basic financial concep...
Set realistic investment expectations
Investors often have high expectations when it comes to their investments. They may expect to achieve extraordinary returns or ...