plonkee money an english-er's thoughts on personal finance

November 23, 2007

an investing story

Filed under: investment — plonkee @ 12:00 pm

Moolanomy (the science of money) is hosting a book giveaway, where to enter you need to tell an investing story.

My current investment story is incredibly boring; I put everything into index funds in tax-advantaged accounts. I researched their purchase so that I knew I was getting a reasonable deal – since that once the index you are looking at is chosen, you just need to find the cheapest way of investing it it.

Boring is the new interesting. The phrase “may you live in interesting times” is a curse not wish for your happiness. If it were easy to get rich quickly everyone would do it. It is simple to get rich slowly – spend less than you make and invest the difference sensibly – but simple and easy aren’t the same things either.

So, I’d advise you to do something sensible and boring with your own investments. It doesn’t have to be index funds, it could include a diversified selection of value stocks, or a broad range of actively managed funds, or a very dull investment property portfolio.

When you write the investing story of your own life, make it a boring one, and save the excitement for elsewhere.

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