We hope you enjoyed this episode as much as we did. Please let us know your thoughts in the comments section! REMINDER FOR THE TIP COMMUNITY: Please beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
12:00 F U MOney 16:00 why most people loose money in the stock market 25:00 The stock market always goes up 37:00 Dollar Cost Averaging 41:00 Chosing the right broker 46:00 Why VTSAX 48:00 What are ETF's?
JL Collins is simply great! And Full marks to the interviewer.. extremely well conducted, very good questions and the flow of thoughts. This was super useful! Going to buy JL’s book now :)
I wish he had an audiobook of it that he himself reads to us, his voice is so empowering to listen to. Knowing that this info is that of what he wanted to share with his daughter just shows how REAL his knowledge is. Someone willing to share the secrets and not keep them to himself. What a guy!
I find the discussion about stock picking compared to index fund investing really interesting and helpful. You were right Robert, I really enjoyed this episode and I look forward to new ones.
Amazing ❤ and I feel lucky to come to know about Collin few years ago and I switched to VTSAX 90% back and I see the strength he is talking and also bought his book back then
I live in Canada as well (US citizen too). The Vanguard has an S&P 500 index on the TSX which is a great alternative to the vanguard JL speaks about since you do not have to worry about the conversion but still want to own in the US Market. In his talk at Google he references the Vanguard S&P US Index being pretty similar so I purchased in the Canadian version which is all US companies. Hopefully you already found this fund!
He is NOT "all-in" on ETF's... in fact he opposes them. He IS all in on a total market fund, or a S&P 500 fund. You pick your favorite, but go with the least expense ration. He doesn't recommend ETF's and says they are good if you plan to TRADE a lot, but he doesn't recommend you trade. You buy and HODL...
J L Colins Conclusion - The market is almost inch perfect efficient and stock picking is a loser's game so diversify your holdings in the index funds. The normal distribution says there is always a sliver minority on the right-hand side of the tail that outperforms everybody, most people in the middle of the distribution, and a few worse on the left-hand tail. I think it's a universal phenomenon that most amazing outcomes would be very few only at the end of the day.
Paying your 6% debt is also essentially tax free. You make a capital gain of 6% you're paying tax on it, so you've effectively got to be getting 8% ish just to equal it
That comment by JL "Investment world is designed to make Investment complex so that they could line up their pockets and make you believe Investment is too difficult for a normal people" is such an important one". I wish someone has told me at the start of my career.
![The Wall Song ร้องข้ามกำแพง | EP.215 | พาเวล นเรศ - พูห์ กฤติน | 17 ต.ค. 67 [1/5]](http://i.ytimg.com/vi/IUzrjuf60P4/mqdefault.jpg)
We hope you enjoyed this episode as much as we did. Please let us know your thoughts in the comments section!
REMINDER FOR THE TIP COMMUNITY:
Please beware of cyber scams & phishing attacks. We have received reports of fake accounts claiming to be affiliated with The Investor's Podcast Network or posing as one of our hosts. Please help us report those suspicious accounts. We will never reach out to you for any business or investment opportunity. Stay vigilant!
Great interviewer. So much humility and understanding when they disagreed - a breath of fresh air!
12:00 F U MOney
16:00 why most people loose money in the stock market
25:00 The stock market always goes up
37:00 Dollar Cost Averaging
41:00 Chosing the right broker
46:00 Why VTSAX
48:00 What are ETF's?
JL Collins is simply great! And Full marks to the interviewer.. extremely well conducted, very good questions and the flow of thoughts. This was super useful! Going to buy JL’s book now :)
I wish there's an English and other languages subtitle so more people can learn something about this. Thanks for the video. Love it.
Thank you so much for this interview. This is one of the best I've heard of him. You asked all of the questions that I've wanted to hear forever!!!
I wish he had an audiobook of it that he himself reads to us, his voice is so empowering to listen to. Knowing that this info is that of what he wanted to share with his daughter just shows how REAL his knowledge is. Someone willing to share the secrets and not keep them to himself. What a guy!
He does. It’s on audible called The Simple Path to Wealth. Just finished listening to it. Life changing!
@@missa423 the version I just looked at on audible had a crappy computer voice reading it... NO THANKS...
@@WallaceDunnit’s still out there. Bought it about a month ago. He has such a calming voice. Could listen to his audio book on repeat
I find the discussion about stock picking compared to index fund investing really interesting and helpful. You were right Robert, I really enjoyed this episode and I look forward to new ones.
Thank you!
You did a great Interview Robert! Thank you! And thanks to JL Collins as well, he is a great person!
Amazing ❤ and I feel lucky to come to know about Collin few years ago and I switched to VTSAX 90% back and I see the strength he is talking and also bought his book back then
Good One !!! Has a baritone voice and makes purposeful statement in a simplified manner.
Thanks for tuning in!
is it the full audio book ?
great talk. thank you
Glad you enjoyed it, Mahdi!
FU Money. I watch that clip of John Goodman in The Gambler from time to time. Best advice ever.
Jim rules. It’s John Goodman with brains
Great Up Man. Thaks for this.
Very good content.
How does this all in ETF approach change when investing from Canada? Can't currency conversion hit us Canadians?
I live in Canada as well (US citizen too). The Vanguard has an S&P 500 index on the TSX which is a great alternative to the vanguard JL speaks about since you do not have to worry about the conversion but still want to own in the US Market. In his talk at Google he references the Vanguard S&P US Index being pretty similar so I purchased in the Canadian version which is all US companies. Hopefully you already found this fund!
Good question! Good answer!!
He is NOT "all-in" on ETF's... in fact he opposes them. He IS all in on a total market fund, or a S&P 500 fund. You pick your favorite, but go with the least expense ration. He doesn't recommend ETF's and says they are good if you plan to TRADE a lot, but he doesn't recommend you trade. You buy and HODL...
Mr Collins is a breath of fresh air in a world of Jim Kramers. Nothing against Mr Kramer........ Just saying. Lol
😊o8969
Debt is king… it’s how many advance ideas, iterate from failures to success, iterate from successes to successes. Investing is debt.
J L Colins Conclusion - The market is almost inch perfect efficient and stock picking is a loser's game so diversify your holdings in the index funds.
The normal distribution says there is always a sliver minority on the right-hand side of the tail that outperforms everybody, most people in the middle of the distribution, and a few worse on the left-hand tail.
I think it's a universal phenomenon that most amazing outcomes would be very few only at the end of the day.
It made me want to invest
Good luck on your journey!
Paying your 6% debt is also essentially tax free. You make a capital gain of 6% you're paying tax on it, so you've effectively got to be getting 8% ish just to equal it
Very sound advice, but Mike Green and other critics of passive indexation make me worry
Once you have some FU money you can invest the difference to create FI money
1:01:37 - Avoiding WallStreetBets
That comment by JL "Investment world is designed to make Investment complex so that they could line up their pockets and make you believe Investment is too difficult for a normal people" is such an important one". I wish someone has told me at the start of my career.
wow
Thanks for watching! :)
It's a simple path, so why is every episode with JL Collins so long?
1 hour for wealth too long for you 😂