The Simple Path To Wealth: Finding the Best Index Fund in the World

by | Jan 28, 2024 | Fidelity IRA | 31 comments

The Simple Path To Wealth: Finding the Best Index Fund in the World




Vanguard VTSAX Pros and Cons For Financial Independence!
Are there pros and cons to keeping VTSAX in your investment portfolio. I personally have VTSAX in my Roth IRA, 403b, and 457! Here are the pros and cons of Vanguards VTSAX and while, even with the cons, I feel so strongly about it!

I Track ALL MY FINANCES AND INVESTING in ONE PLACE. The FREE APP👏🏻 Personal Capital!
—–
📚Books That Blew My Mind🤯
Get A FREE BOOK with a free trial of Audible!
All You Need To Know About Investing:
On Financial Freedom:
On Fire:
On Debt Domination:
On How The Wealthy Live:

DISCLAIMER: The content discussed in these videos are solely my opinion and should never be used as financial advice. This channel is for entertainment purposes only. Make sure to consult with a professional before making money decisions. This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission; all of which helps grow the channel! Thank you for your support!

#VTSAX #Vanguard #IndexFunds…(read more)


LEARN MORE ABOUT: IRA Accounts

CONVERT IRA TO GOLD: Gold IRA Account

CONVERT IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA


If you’re looking for a simple and effective way to invest in the stock market, look no further than The Simple Path to Wealth by JL Collins. This book, considered by many as the best index fund in the world, provides readers with a straightforward and practical approach to building wealth and achieving financial independence.

See also  Inflation bonds are paying 9.62% interest. Should you invest?

The Simple Path to Wealth advocates for investing in low-cost index funds, specifically the Vanguard Total Stock Market Index Fund (VTSAX) and the Vanguard Total Bond Market Index Fund (VBTLX). These funds offer broad diversification, low fees, and historically strong returns, making them an attractive option for both novice and experienced investors.

One of the key principles of The Simple Path to Wealth is the idea of “stockpiling money” by consistently investing in index funds over the long term. By doing so, investors can take advantage of the power of compounding and benefit from the overall growth of the stock market. This buy-and-hold strategy minimizes the impact of market volatility and eliminates the need for active management, allowing investors to focus on their long-term financial goals.

In addition to advocating for index funds, The Simple Path to Wealth also emphasizes the importance of living frugally, avoiding debt, and maintaining a simple and stress-free approach to money management. By prioritizing these principles, individuals can build wealth over time and achieve financial independence without having to rely on complicated investment strategies or high-risk trading tactics.

While the concept of investing in index funds may seem simple, The Simple Path to Wealth provides readers with a comprehensive understanding of why this approach is effective and how it can lead to long-term financial success. JL Collins combines his personal experiences with straightforward advice and actionable steps, making the book accessible to readers of all financial backgrounds.

Overall, The Simple Path to Wealth by JL Collins offers a practical and no-nonsense approach to investing in index funds, making it one of the best resources for those looking to build wealth and achieve financial independence. Whether you’re a beginner investor or a seasoned financial professional, this book provides invaluable insights and guidance for creating a secure and prosperous financial future.

See also  Opening a Roth IRA | Fidelity
Truth about Gold
You May Also Like

31 Comments

  1. @jorgealmeyda5222

    As i told you a few weeks ago in the comments below, I’m invested in VTSAX. non-retirement account. But this Friday I’m going to start investing in VTI via a Roth account. i’m excited!

  2. @heathercopfer

    Can I just point out that not only is this awesome information but the way you end this by saying stay positive, be kind to other people, etc, is really just icing on the cake.

  3. @jorgealmeyda5222

    Dude, after my checkered, crummy and anemic, investing past… I’m just gonna stick with VTSAX and keep investing lnto it every month. I’m in my early 50s, poor health and don’have a a 30-year outlook. keep it simple, stupid… Is my motto.

  4. @SteveOgdenHollywood

    great info, i parked my money with vtsax years ago and very happy.

  5. @tc3212

    As an alternative, what are your thoughts about VTI options, selling covered calls or running the wheel selling puts. Seems like VTI options might be a better option but I would love to get your thoughts! Thanks for all of your excellent content.

  6. @wuuzy1939

    That last 2 mins of info where VANGUARD can convert the ETF to a fund once you reach the 3k amount is news to me. I’ve watched many YT videos about VANGUARD ETFs and funds and I can honestly say nobody has mentioned this! Is this true for all VANGUARDs ETF/funds? Thanks for that info….you have a new follower just for this!

  7. @michaelcollins9327

    Very enjoyable info session Brad. I do have a question. If I was to put a sum of money into VTSAX, do they do a reinvestment plan? In other words, do they (if I wish) re-invest the monies back into the fund? Cheers, Mike

  8. @anthonyjames4319

    Long term investing is starting to scare me. The world is getting so crazy.

  9. @josemelchor3248

    I have, since watching you, learned about options and different strategies (which I’m now engaged in) and I have opened my Roth IRA because of you and I’ve realized so much thru your videos. I have my M1 finance Roth with VTI in it. I’m maxing it out as soon as I can to 6k. You’re making a difference. Thank you ! You’re a great educator!

  10. @SportZFan4L1fe

    God bless you if you started investing in VTSAX in your early 20's.

  11. @freebird0147

    When I saw that VTSAX had over 1 trillion in assets I was shocked but interested. I did my DD and bought into the fund this year. Best move I ever made

  12. @awashteklehaimanot7754

    AT: what is the expense ratio for vanguard to manage an IRA investment?

  13. @jakeglenn2246

    You can open a Fidelity account by having only a few hundred dollars deducted monthly from checking. You can buy Vanguard on fidelity. I am not sure if they would still require a 3k. thanks

  14. @peaceful4you408

    I had VTSAX and swithed over to VTWAX. VTWAX is by far the better Fund from my personal experience

  15. @TonyClay893

    Thx so much for this video. I'm new to investing and heard so much about VTSAX but didn't have 2.5k or 3K to buy. No one on YouTube told me about VTI!

  16. @huetuber1204

    I don't get it. If you pay the $3k entrance fee, you can't invest that money? Like say you put in $10k to start, you can only invest $7k of that money and the $3k is like a "security deposit" or something? Please explain.

  17. @salov80

    i currently have vtsax in roth ira, what you recommend as a second fund/etf or shouldni just put all monies in vtsax?

  18. @HeyWorldMeetJimmy1

    I maxed out my RothIRA onto VTSAX, should I contribute 3000 to buy in my brokerage account?

  19. @lillieb105

    So I made the plunge and used my Vanguard Roth IRA to purchase VTSAX . And I lost about $300 the first day.. I was under the impression that I would never go below what was initially bought/ invested. Did I do something wrong? I work extremely hard to put away for retirement and losing almost $300 all Willy nilly I’d not ideal .. would love any advice

  20. @lisatanin1394

    Fidelity is family-owned, not publicly traded as stated in the video. Charles Schwab is publicly traded.

  21. @jeffb.4800

    What are your thoughts on VOO?

  22. @badumboom1

    Say you don’t have the minimum $3000. Can you buy etfs in the mean time and sell them later to get into VTSAX? Your do you just have to let it accumulate I. The brokerage account until you get the $3000?

  23. @izik6894

    Another Fantastic content!!! Thank you! I do have a question, I would like to move my old pension plan from my former employer to vanguard or fidelity. What would you suggest in this case? Thx!

  24. @Lisaslivelylife

    Thanks for this info! When I signed up for personalcapital their representative told me my VTSAX holdings were not diversified enough as far as sector weighting. This is the first place where I've heard the counter to that. It's good to know there's such a thing as indirect exposure.

  25. @oceantree1911

    I just turned 20 in December. I’ve been putting 3,000 a month into vtsax monthly. Gonna be retired in 2 years

U.S. National Debt

The current U.S. national debt:
$35,331,269,621,113

Source

ben stein recessions & depressions

Retirement Age Calculator

  Original Size