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Step 12: Invest & Relax

its shareholders to participate in the prosperity of a diversified portfolio of companies. We have evaluated how much risk we can stomach and have been encouraged to be willing participants in market volatility at risk-appropriate levels. We have been shown a rainbow of potential investment portfolios that cuts across a wide spectrum of risk and return. And finally, we have learned the value of walking with a trusted passive advisor who will guide us through the peaks and valleys of the market, away from the temptations of speculation and toward a more rewarding and tranquil way of investing. Each step of this book has been opened with a stanza from “The Speculation Blues,� a song I wrote that summarizes the many emotions and struggles of active investors — the lyrics of which can be found on the following pages. This song details how those who go it alone, speculating instead of investing, unnecessarily struggle on their investment journey. I wrote this book to lead investors to a more peaceful and profitable investment experience. I sincerely hope this journey has brought you to a deeper understanding of investing and strengthened your ability to achieve a brighter financial future.

Index Funds: The 12-Step Recovery Program for Active Investors  

This book reveals the potential land mines and pitfalls of active investing and educates readers on the benefits of passive investing with i...

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