It’s the only investment site I would recommend. Anything else, and you’re getting sold on something you don’t need. Read the stickies, read the posts. But most imporantly, don’t invest until you have plan that makes sense to you.
And in all seriousness, stay away from individual stocks. If you simply cannot help yourself, no more than 5% of your portfolio should to go to individual stocks. Figure out which stock/bond allocation you’re comfortable with. There are ways to figure that out from the Boglehead site, then, stick with it. And stick with low-cost, NO-load index funds too.
If you second it, I’ll denounce twice then. I only want to denounce it as a serious investing book though. From what I can gather from some descriptions on Amazon, is that it is a good book to help you understand money, but I would not recommend it for advice on investing. Not that I’m holy than thou, just that any financial pundit, author, whatever… who is not for index funds, is not to be trusted IMO. Most people, if the’re going to invest, should go with index funds. Even the super rich should be in index funds, but they tend to be too short sighted and look to prestige to invest their money, and go for the quick fix (ie. hedge funds).
It is simply incorrect to argue that the super rich should only be in index funds.
Index funds only work best in a market where the inefficiencies are inexploitable Incidentally that doesn’t apply even to the US stockmarket; however the key issue is that it is impossible for the layman to determine who is able to exploit them, track record etc having very little predictive value and financial advisors who may be expected to do this job (haha, good luck!) being practically impossible to evaluate for the same reason.
I guess there’s that reason. But it’s the fees hedge funds charge to their investors. If hedge fund investors had any common sense, they would run. But since it’s prestigious to invest in them, that goes unchecked, or is willfully ignored for performance chasing.