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dekciw
Oct 29, 2015

VanguardFelix posted:

[*]Start active investing before end of calendar year

Definitely agree with Devian's sentiment, active investing is much more of a hobby than a solid investment plan (whether people realize it or not). Markets generally go up, so it's easy to think you're doing well, especially if you increase risk, but any profits beyond that of a passive portfolio are coming from a zero-sum game with everyone else in the market (and really not even that, a little bit comes out of every transaction). Against big banks, hedge funds, insider trading/industry experts, sure some people will win, but you're playing a losing hand thinking you can pick which stocks are over/under valued at any given time.

Read up on how to properly diversify, pick solid assets that rise in value over time (entire markets, commodities, etc), something like the Four Pillars of Investing is a great start, and just forget about it. There are other things to consider as you get more money to invest, rebalancing, leverage, tax implications, etc, but you can learn about them over time and I wouldn't worry for the first few years.

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