When I got into investing, it was during the dot com boom. I would pick stocks and some would be winners and others would be losers.
I didn’t know much about stocks but you couldn’t have convinced 20-year-old me of that fact!
Even today, I still don’t know much about stocks but I’ve come to grips with it. I don’t know a lot about a lot of things and that’s alright by me.
Fortunately, with stocks, you don’t have to know much. Just buy an index fund.
So when NVIDIA’s stock popped the other day, I felt zero FOMO because it’s in the S&P 500. I may not have owned shares directly… but I had shares.
If you're reading finance news and lamenting how you didn't own shares of Nvidia (which shot up today) … don't!
Because if you owned shares of any S&P 5500 index fund, you joined in.$NVDA is the 4th largest component in the S&P 500.
— Jim Wang (@WalletHacks) May 25, 2023
I don’t pick stocks (with the exception of some dividend companies because it scratches that itch), the S&P is enough for me!
The Stock Market Will Pick the Winners For You [A Wealth of Common Sense] – “So what’s my strategy? I prefer to let the indexes pick the winners for me. Sure, that’s boring and it’s not going to get me rich overnight but I have time.”
Dying with Millions [The Best Interest] – “You should spend money. You should enjoy the fruit of your labors. Trust the math, trust the portfolio, and enjoy your life.”
The 11 Best Finance Films to Watch This Weekend [ETF Trends] – “Summer is about to begin. Why not take a break from working in the world of finance by immersing yourself in the eleven best finance films of all time? That’s right; there’s no need to ever stop thinking about work, even when you are relaxing. While we’re still in an era where people are writing movies instead of AI, these 11 classic films capture the drama, humor, and emotional resonance of finance and investing.”