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by 300bps 1557 days ago
our tools are very catered to a long term investor

That's awesome! I'll have to check out your app. I am a big advocate for a three-fund low-cost index approach(1) but I acknowledge that there can be specific circumstances per investor.

basically platformitizing great minds like Warren Buffet and Peter Lynch

May I also humbly suggest researching John Bogle, the founder of Vanguard? There is a very active investment community on https://www.bogleheads.org/forum

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(1) Vanguard S&P 500 Index Fund, Vanguard Total International Stock Index Fund and Vanguard Total Bond Market Index Fund. Those three funds give a diversified exposure to the entire market. Using Vanguard (or Fidelity) is a great way to lower costs as is using a simple three-fund portfolio. The thing to avoid is the approach that many high-fee money managers use to put someone into 12-15 funds that have high loads and then rebalance monthly while they're marking up the buys and marking down the sells. I had a coworker one time realize that he was paying high five figures in fees per year to a certain unnamed popular money manager through their hidden fees.

1 comments

I was unaware how active Bogleheads is, that seems like a great forum thank you for sharing that.

If you try Stock Unlock I'd love to hear your thoughts ^_^

Wow 5 figures in fees... Not cool! On thing that personally kicked off this journey for me was the thought that I didn't have to have someone manage my money for me and that it brings great peace of mind and calmness when someone has fully understanding of how their money is invested. It just takes some time/care to learn the basics just like any subject

Cheers friend!