3019: [Part 1] Stocks - Part XXIII: Selecting Your Asset Allocation by JL Collins on Building and Preserving Wealth

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

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🗓️ 26 January 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3019: JL Collins emphasizes the power of simplicity in investing, advocating for a two-fund strategy using VTSAX (stocks) and VBTLX (bonds) to navigate the wealth acquisition and preservation stages. He explains that while 100% stocks often yield the best returns, adding a small percentage of bonds can smooth volatility. The key to success isn’t complexity but discipline staying the course through market ups and downs while keeping costs low. Read along with the original article(s) here: https://jlcollinsnh.com/2014/06/10/stocks-part-xxiii-selecting-your-asset-allocation/ Quotes to ponder: “There is a major crash coming and you’ve got to toughen up, cupcake, because nobody can predict when, despite all those claiming they can.” “The more you hold in stocks the better your results and the more gut wrenching the volatility you’ll be required to endure.” “Making a few sound choices and letting them run is the essence of success, and the soul of the simple path to wealth.” Episode references: Vanguard Retirement Nest Egg Calculator: https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf Betterment: https://www.betterment.com The Simple Path to Wealth: https://www.amazon.com/Simple-Path-Wealth-Financial-Independence/dp/1533667926 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:56.2	Curry's Business, powering your business in 2025.
1:00.6	This is Optimal Finance Daily.
1:03.7	Stocks, part 23, selecting your asset allocation, part one, by J.L. Collins of J.L.Collins collins n h.com life is balance and choice add more of this
1:16.8	lose a little of that when it comes to investing that balance and choice is informed by your
1:22.3	temperament and goals if i had to do it over this blog would likely be named The Simple Path to Wealth,
1:28.9	after one of my very early posts and currently the working title of my upcoming book,
1:34.1	Financial Geeks Like Me are the Aberration.
1:37.3	Sane people don't want to be bothered.
1:39.7	My daughter helped me understand this at just about the same time I was finally understanding
1:44.3	that the most effective investing is also the simplest. Complex and expensive investments are
	...

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