Invest during the wealth accumulation stage
from The Simple Path to Wealth: Your road map to financial independence and a rich, free life by J.L. Collins
How to Apply This
-
Choose where to invest your money in.
Consider your investment needs, your financial stage, and the type of investor you are. If you’re extremely aggressive, invest 100% stocks in the VTSAX index fund. On the other hand, if you’re more risk-averse, add a small number of bonds to level the bumps in the market (10% bonds, 90% stocks). -
Keep funding your chosen accounts until you reach 25x the amount you need per year to sustain your lifestyle.
As you look over these accounts, one thing that should become very clear to you is just how powerful and necessary stocks are for building and preserving your wealth. This is why they hold center stage in portfolio ideas.
Why Use Mentorist?
- Track your progress and build lasting habits
- Get personalized reminders to stay on track
- Access hundreds of book summaries with actionable steps
- Transform knowledge into action in just 15 minutes a day
Ready to Take Action?
Download Mentorist to track your progress, get personalized reminders, and turn this insight into a lasting habit.