Company, and the West Indies Company, a banking company and an insurance company. Driving the cart is Lady Insanity, while the Goddess Fortuna floats above, dropping stock certificates littered with snakes, while the devil blows bubbles in the air. Meanwhile, Lady Fame slowly, but assuredly, leads the cart to one of three destinations: the hospital, the mad house, or the poor house. I bring this important book and painting to light because they reveal that the same powerful lessons learned in 1720 are still being taught today to investors who speculate in the stock market.
Solutions Index Fund Investing While active investors, or speculators, seek to outperform the markets, buyers and rebalancers of index funds seek to capture the returns of the global market in a low-cost and taxefficient manner. Long-term passive index investors select funds that track defined asset class indexes. Regardless of market conditions, they stay the course and do not make investment decisions based on emotions. Since the global equity markets have delivered the returns of capitalism at a generous 9.8% annualized return over the last 86 years, a wise investment strategy is to buy, hold, rebalance, and glide path a portfolio that is globally diversified across many asset classes or indexes.14
Published on Jun 1, 2015
This book reveals the potential land mines and pitfalls of active investing and educates readers on the benefits of passive investing with i...