FI Weekly – November 29, 2022: Simple Path, Book Club Input, Saving on Medical Care
Simple Path, Index Funds & Long-Term Thinking We have a big week on the podcast this week starting with the episode that dropped yesterday (411) with JL Collins on The Simple Path to Wealth. This is a great refresher on long-term thinking, investing in low-cost index funds and the simplicity in matching the market over many decades and, in the process, outperforming nearly all active investors. Stay tuned for Friday’s episode (412) with Alan and Katie Donegan that we’re calling “What’s in Your Index Fund?” Katie dove deep on the fundamentals of some of the biggest index funds and the three of us had a great time discussing the ins and outs of this essential investing strategy. These were on my mind when I saw Brian Feroldi, great friend of the show and author of the fantastic book “Why Does the Stock Market Go Up?,” tweeted something we all need to remember, especially in times of turbulence in the markets: “I don’t know how the market will perform in December. I don’t know how the market will perform next year. I don’t know how the market will perform over the next 3, 5, or 10 years. I do know the odds tilt ever more