We hope you enjoyed this episode as much as we did. Please let us know your thoughts in the comments section! REMINDER FOR THE TIP COMMUNITY: Please beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
12:00 F U MOney 16:00 why most people loose money in the stock market 25:00 The stock market always goes up 37:00 Dollar Cost Averaging 41:00 Chosing the right broker 46:00 Why VTSAX 48:00 What are ETF's?
JL Collins is simply great! And Full marks to the interviewer.. extremely well conducted, very good questions and the flow of thoughts. This was super useful! Going to buy JL’s book now :)
I find the discussion about stock picking compared to index fund investing really interesting and helpful. You were right Robert, I really enjoyed this episode and I look forward to new ones.
I wish he had an audiobook of it that he himself reads to us, his voice is so empowering to listen to. Knowing that this info is that of what he wanted to share with his daughter just shows how REAL his knowledge is. Someone willing to share the secrets and not keep them to himself. What a guy!
Amazing ❤ and I feel lucky to come to know about Collin few years ago and I switched to VTSAX 90% back and I see the strength he is talking and also bought his book back then
Paying your 6% debt is also essentially tax free. You make a capital gain of 6% you're paying tax on it, so you've effectively got to be getting 8% ish just to equal it
J L Colins Conclusion - The market is almost inch perfect efficient and stock picking is a loser's game so diversify your holdings in the index funds. The normal distribution says there is always a sliver minority on the right-hand side of the tail that outperforms everybody, most people in the middle of the distribution, and a few worse on the left-hand tail. I think it's a universal phenomenon that most amazing outcomes would be very few only at the end of the day.
I live in Canada as well (US citizen too). The Vanguard has an S&P 500 index on the TSX which is a great alternative to the vanguard JL speaks about since you do not have to worry about the conversion but still want to own in the US Market. In his talk at Google he references the Vanguard S&P US Index being pretty similar so I purchased in the Canadian version which is all US companies. Hopefully you already found this fund!
He is NOT "all-in" on ETF's... in fact he opposes them. He IS all in on a total market fund, or a S&P 500 fund. You pick your favorite, but go with the least expense ration. He doesn't recommend ETF's and says they are good if you plan to TRADE a lot, but he doesn't recommend you trade. You buy and HODL...
That comment by JL "Investment world is designed to make Investment complex so that they could line up their pockets and make you believe Investment is too difficult for a normal people" is such an important one". I wish someone has told me at the start of my career.
