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- เผยแพร่เมื่อ 26 ม.ค. 2025
- When it comes to investing strategies, one of the most influential books available claims that if you keep it simple, you'll actually do better.
Here to talk about the philosophy behind his investment strategy is one of ChooseFI's most requested guests, JL Collins, author of The Simple Path to Wealth, and popular blog series, The Stock Series.
Listen to the episode at choosefi.com/284
Visit JL at: jlcollinsnh.co...
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Nice to see you guys have JL back. But please get rid of that "audio signal" graphic.
Thanks for the feedback. I'll pass it on to the video team.
Agree. It's unwatchable. I have to find a way to block the bottom of the screen.
Yes it’s annoying
Yes, yes, yes, get rid of that audio signal graphic. It's so "yesterday."
The audio signal needs to go!!!
JL Collins, the guy that introduced us to index fund investing! Literally changed our lives! 😀
Retirement investing was never my priority until I met *ROCHELLE DUNGCA-SCHREIBER* advisor. She helped me understand the benefits and risks of different options and guided me to choose the best one for me.
JL Collins is my hero. His book started my journey in financial independence. It's now inspired me to document my journey towards FI. Thank you so much JL Collins, from Gary in the UK.
He is MY hero too. JL Collins is such a humble man. He explains everything investment in a very simple and easy to understand manner; thank you JL for doing this.for us the public/layperson. We do appreciate it. Love you lots ~ Grace from Atlanta - Peace, Love & Blessings always ☮❤🙏🏼🕉
Dear JL, I just started investing last year *thanks to you!*!!! I am so so grateful! I am exactly like your daughter and your target audience: someone who has better things to do in life than following the tickers on a screen. You have changed my life and I'm on the simple path. I apologize but, as a real thriftie, I read the book from the library, didn't buy it. But I promise I'll donate to people in bigger need. I appreciate you so much. Your book is exactly for people like me who otherwise wouldn't have had started. Be healthy and all the best to you and your family!!!
Can I ask you how you started ? I'm in exactly the position you have described. Could you give me some tips please and thanks ! I'm in Europe and I see lots of info on revolut....
V the B -- Agree with you - JL Collins is the man!! 👍🏼👏🤗💯 He is providing an invaluable and much needed service to the lay person and main street, and for that we are all appreciative and indebted to Mr. Collins. He explains everything investment in a simple and easy to understand manner. There is no other person out there who explains investing like he does - he makes it so simple & easy to understand. I love him ~ Peace, Love and Blessings to him always~☮❤🙏🏼🕉 🕉 Grace from Atlanta
I’ve listened to The Simple Path to Wealth audio book dozens of times. Easily☝️ of my top five personal finance books. I just read The Psychology of Money which is also in my top five and is easily a great compliment to the information provided by Mr. Collins. I so wish these books were in my life in my 20s or 30s.
Morgan Housel's book is on my to-be-read list. If you get a chance, please share it with your friends and family members in their 20s, etc. I keep sharing this info with my friends and relatives too. ~Jen, Community Manager
Thanks for the information. I'm in my 20s right now. I will look into that books. Any other recommendation are welcome/advice.
Me too Robert; such a pity. But it is never too late to try to turn things around. Peace & Blessings ~☮🙏🏽❤🕉
Pathfinders
I love JL Collins! Everyone needs to read his book.
Totally agree. He is the best!!👍🏼💯❤
Outstanding interview. Thank you to the interviewers for asking exceptional questions and allowing the guest to speak without interruption!! (Sign of true intelligence is listening)
The best FI book I’ve read. Should be given to anyone turning 21
The book should be a requisite to obtain a high school diploma. Our kids would definitely have a better chance of success with their lives.
First time I was actually happy to be stuck in traffic so that I could hear the whole interview! So much knowledge and insight! Greatly appreciated!
JL is terrific. Glad you found this helpful.
I never seen anyone so financially eloquent as JL Collins past decade plus in the industry. Well, his decades of hard work speaks to itself.
I totally agree with you Chris M. JL Collins is the man... so humble and soft-spoken. 👍🏼👏🤗💯🕺🏽 Love how he explains everything investment in such a simple and easy to understand manner. We the laypeople on Main Street really appreciate it. Peace, Love and Blessings always.☮❤🙏🏼🕉
This felt more like a class, a class where the presenters have real-life experience in the subject and knew how to keep it simple enough to understand. I can't tell you how much I learned in this hour! Thank you!
Thanks J.L. for your spot on advice! I was in the market in 1987, 2000, & 2008-9. I know first hand about emotions as the market is tanking and everyone is yelling "abandon ship"; When a market correction happens, the temptation to sell is overpowering. And the additional sense of urgency always comes when you turn the financial news on, only to hear "This time is different, equities are headed much lower and here's why ......blah,blah,blah." I too ended up selling in '87 when I shouldn't have, and I too learned this valuable lesson the hard way. The bottom line is just as simple as J.L. puts it - get your head right, control risk through a small bond allocation, put the balance in VTSAX or it's equivalent, and as Jack Bogle so aptly put it "Stay the course" It's truly that simple! The structural side of investing has never been easier or simpler, the really tough challenge is the psychology; controlling your emotions in order to avoid selling.
I was also in the market back in the day (I'm 74 and recently retired) . The reason I stayed the course during all of rhe downturns was: Are you ready for it? I WASN'T PAYING ATTENTION TO MY PORTFOLIO. So I did nothing. Now I DO pay attention. I know what every penny I have is doing all the time. I check the markets and all my other investments daily. But I WILL STAY THE COURSE, because I learned the lesson without even knowing I was learning it at the time.
I've learned this less in 2000. I did not remove my money but, I transferred everything into bonds. If I had left everything in equities, I would be much further today.
Finally reading Simple Path to Wealth for a second time. I feel so empowered by this book. Hearing the author read the book on Audible, and understanding why he wrote the book, I'm just speechless at his generosity. A millionaire offering the advice he'd give his daughter, for the price of a book? No one seeking financial freedom can afford to dismiss this book.
JL Collins is the FI GOAT!
What do you mean, is that good??
@@lindam.1502 GREATEST OF ALL TIME!!!
@Austin M. hahaha!
I totally agree. JL Collins is such a humble, decent, even-tempered, soft-spoken man. I appreciate how he explains everything investment in such a simple and easy to understand manner. Thank you JL; you're the man!! 👍🏼👏🤗💯🕺🏽 Love you lots for all you do for us the laypeople on main street. Peace, Love and Blessings to you always~☮❤🙏🏼🕉 Grace in Atlanta
Jack Bogle is Yoda. JL Collins is Obi Wan Kenobi. Mr Money Mustache is Luke Skywalker. Michael Kitces is R2D2. "Simple Path to Wealth" is compounding year after year just like it's content.
Thank you! Now I got it.
I'm really into Luke Skywalker. He's my FIRE hero.
You know R2D2 is the hero of Star Wars.
I am in my early 20s and just started my career. So happy I found JL Collins’ book to set me up smart!
Thank you JL for making this stuff accessible to all of the “rest of us”!!
Great show. It’s not often you find wholly well intentioned people without some axe to grind or some self serving if not polished over agenda for self advantage. Here you have JL along with your FI hosts who are doing simply a good thing. Informing people about a sensible and powerful way to enhance their financial situation and stability for the long term. So much appreciated. I’m coming into investing at 54. Yes it’s scary. But these guys make me see that I have a chance. Thank you!
It’s never too late ; Best of Luck to You !!!
Oh my gosh.... I'm so excited. JL Collins is my absolute most favorite. Happy New Year Mr. Collins from one of your biggest fans :)
I am so glad I came across this wonderful interview. Fantastic info. Thank you.
PS. I'm an academic and you won't believe how many profs are still deep in student debt even a decade into their professorships and 6 figure salary.... you're so right: not everyone has the time and desire to learn stock picking, but EVERYONE should have a basic and effective financial literacy like the one you advocate on your blog and in the book.
I totally agree with you. 👍🏼 JL Collins does an excellent job at explaining investing in a simple and easy to understand manner, especially for us the laypeople on Main Street. We do appreciate his efforts in providing such invaluable and well-needed information. He's the best!!👍🏼💯🕺🏽 Love him. Peace, Love and Blessings always ~☮❤🙏🏼 🕉 Grace from Atlanta
Really solid information with zero ego, and zero bloatware. A guy with a blog wrote a book for passive investors getting into the market on the ground floor. Key to me is the trigger word secrete was never used. Kudos.
I love the work you guys are doing and the fabulous platform you have built here. The only thing I love more is whenever you have JL Colins on your show. I’m a recently retired 59 year old who has lived by the idea of buy and hold investing for many years. More recently, and thanks to folks like JL Colins, I have moved out of single stocks and into Vanguard S&P 500. There is a question that I would like to reply to here. JL asked whether him simply telling his followers not to sell is enough to stop them from doing so in a serious downward correction in the market. I can attest that his advice resonates hugely during such times and I cling on fiercely to his words about staying in the market...... and whenever I begin to have doubts, I just listen to him on shows like yours to remind myself of the wisdom of what he recommends. Looking forward with much anticipation to your next chat with him!
Thanks for listening and for your comment. I'll share it with JL. Have you heard his mediation when the stock market is dropping? th-cam.com/video/OOGU94eL07E/w-d-xo.html
I believe the wisest decision that should be on every individual list is to invest in a different stream of income and don't depend on the government to bring you money. It's always better to work smart and not hard.
I and my family will forever appreciate you. You've changed my life I'll continue to preach about your name for the world to hear. You've saved me from a huge financial debt with just a little investment! "ROCHELLE DUNGCA-SCHREIBER" is the best.🇺🇸.
In January 2020, my 401k was down $22,000. By December 2020, I had recovered the $22k, plus another $10k. STAY THE COURSE!!!!! It doesn't stay down forever.
Indeed, in every drop except two it came back in less than 12 months. The two times were in 1932 and in 2008. Both times US government interference directly caused the market to delay coming back.
What's that rate now?
Its there any ETF avalable like VTI to buy in Europe with €?
I was lucky to listen to JL Collins @Google Talk back in March of last year and started buying VTSAX and boy I wish I would have bought more! Thank you my guy.
This was timely and reassuring! Thank You for bringing Mr JL Collins back!
I actually found out about Mr. Collins on this very channel and bought the book. Great stuff.
That's awesome. Thanks for watching!
Me too, just ordered the book while watching this session, I will save this video to revisit over and over.
Great video. I read the book in 2020 and cannot say enough good things about it (in fact I just recommended it to a poster on another TH-cam channel earlier today). I also bought the book for my 19 niece for Christmas and she seems to be taking to it. I'm in my mid 40's with a financial/accounting background, so I realize that this book was not targeted at me, but it still resinated. I had committed to low cost index fund investing before reading the book (I consider myself a Boglehead), but the book made me realize that I should simplify investments even further. Like Jl, I tried various strategies over the years, including actively manage funds, stock picking, trading, calls/puts, etc. and loss money or underperformed the market until I made my way back to low cost index funds. Hopefully, this book will save other from making the same mistakes I did in my earlier years.
JL Collins was one of the first people to change my life and view on building wealth. Seriously, an evergreen goldmine.
Excellent as always! One can never have too much sage wisdom from JL himself.
Glad you think so! Thanks for watching!
The GODFATHER of FI
JLCollins is awesome! 👏🏼👏🏼👏🏼his wisdom is simply (pun intended) GENIUS and his voice - just divine! Pleasure to just listen to what he says...whatever he says!
I think another good way to look at a market collapse, as odd as it may seem to many, is: “I’m not the only one going through this”. This statement settles my mind and prevents me from making irrational decisions. Great interview. Will definitely read the book! 📖
I have to admit it was JL Collins that made me "pull the trigger". I had started investing in index funds, but after reading through and truly understanding what was being said... I dropped 160k (at that time "all in") and never looked back. This was pre-book release, but the teachings are the same, that is the beauty of the education. I started when I was 45, I'm 52 now and I'm well into the double comma club. it is truly the 'simple path to wealth'...
How do you save 160k? What's your job?
@@smann7236 at that age it’s easy if you are saving from in your 20s or 30s
@@LashusJourney even if minimum wage?
I read the book front to back two times in a month. One of the best finance books i have ever read!
I am IN! I love Collins and listen to ALL podcasts and videos I can find on him. He’s got experience and practical wisdom. I do more high growth investment than him, but if you’re younger you should invest more aggressively than when you get older
Thanks guys for bringing Mr. Collins on I had not seen him in a while and literally did a search for new interviews with him a few days ago. Keep up the great content.
You're welcome! He's one of our favorite guests!
Listening to or reading JL Collins just makes me feel all safe and cosy! That was a helpful comment by the way, about Small Cap being like whether you like hot sauce or not!
I found JL about six months ago. Bought the book and the Audible version. JL's book is SO readable. His concept simple.
Opened accounts at Vanguard with the intent of moving from my high cost Principal mutual funds to Vanguard. Nobody tells you about the hassles you might encounter, such as the back-end loads on Principal funds that not only were you unaware of when you went into them, but you're unable to find the details of when you want to leave. The only way I can leave Principal is to wait until specified exit dates. And they're different for different bags of money even in the same funds. Moving what I had at Wells Fargo was no problem, what I had at etrade no problem, and what I had at Morgan Stanley no problem.
Great episode guys! Always one of my favorite episodes when JL Collins is on the pod! Cheers
Re-listening to the audio book, which JL reads, and even the second time around it is still amazing!!
Totally agree.
Guys, I have a question years after you posted this informative video. At one point in this video, you three spoke of minimums needed to open an IRA account or taxable index fund. Have the companies such as Vanguard modified the minimum rule if we promise an automatic monthly debit of your bank account ??
I can't continue watching this. Why on Earth would you have that annoying audio meter-type thing at the bottom of the screen? Please stop it. It's terrible. As for JL Collins - he's great! As for ChooseFI? You're great!
Thanks for your feedback. I'll pass it on to the video team.
Yes. Audio meter is very annoying
How is Brad allowing this with his simplicity mentality ? :) I do not see the advantage of this except to hurt my eyes.. ;)
That's a fair critique.
Super annoying
Re Min 29: the answer to the S&P 500 fund he talks about is ticker VFIAX. It’s expense ratio is also 0.04 and I have had it since I finished my mba back in 2004 because I was blessed to have a finance professor (rare finance professor who admits that you cannot beat the market - Dr. Meir Statman of SCU) who taught me what JL Collins says, way back, in those days.
Great interview, JL is the man. For the next time he come's on I'd love if you asked him his take on the index bubble conspiracists out there, and what would happen to the market if we all became passive investors. Thanks guys.
Its crazy you say that. I feel with so much financial education in every race on youtube you have so many ppl investing more into index/etf’s more than ever. We saw that after the pandemic when the weight of the stock market increased. It increased because of the new retail investors. So this also happened during the last recession in 2008 when everyone was buying reits because the housing sector was skyrocketing. The only problem with what you stated is that most individuals do not hold assets for the long term. Retail investors or the reason why the market has these major sell offs because once a stock foes down ppl sell in fear of losing out. Most retail investors buy high as hell and sell low to where they lost money and they never come back to the market. So i really do not think that will be a issue. Also, we go through so many pull backs and recessions that when ppl lose their incomes they typically go to that asset to sell first. This is my opinion, but i did some research before i saw ur comment. But good question
I thought hard about switching to Vanguard for my IRA. But my 401k is already at Fidelity so I just went for FSKAX
Fidelity is way easier vanguard is so complicated
JL COLLINS A HERO! 🥰💫👑👑
This has opened my eyes.I will have more peace , constant savings and still more time to pursuit other activities.Forget Warren.
You inspire me and start thinking about retirement with money. Your book is a wake up call to me. Thank you.
JL is awesome.
Everyone loves JLC 😎
thank you Jim. you changed my financial life. You are incredible.
is the book worth reading if you are 53, sadly I have started late.
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.
When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.
@@devereauxjnr That's right, you can avoid the traps of lifestyle inflation by consulting an expert advisor to help you plan for your short- and long-term goals; it all comes down to proper guidance. Over the past two years and six months, I have seen my income build wealth and now have a fully paid off house and at least $650,000 in stocks. All this is the result of subsequent investments with my savings and the application of expert advice.
@@viewfromthehighchairr Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.
@@AlbertGReene-p8w credits to NICOLE DESIREE SIMON, one of the best portfolio manager;s out there. she;s well known, you should look her up
@@viewfromthehighchairr Thanks for the info, i found her website and sent a message hopefully she replies soon.
How does and index fund make profit?
Great interview. *Please* get rid of the audio graphic. Very distracting!
question: how can we set it, lock it, and forget it? in other words, what can we do to prevent selling shares to get the cash and cash out?
Loose your passwords. Change your phone number so you can't do the 2fa. Make your security phrases things that are not true so you forget them.
Great video and relevant in all times!
Simple but awesome explanation on investing in index funds. Thank you.
Truly I believe that the old saying , once beaten , twice shy ! I really regretted cutting my losses during the 2008 crisis . As such , Covid and the recent downturn in 2024, I stayed the course… though it was mentally tough.. but totally worthwhile..
Watching this a year later. Such timeless advice.
Always the best time..NOW
can we get JL back now that we are in June? id love to hear his view on rising the bear market
I don't play the market, only individual stocks. Which way the market goes doesn't interest me. I want to know what my individual holdings are doing.
I really inspired by JL Collins, that's make me write my finance journey for my future grand son. Since 3 years ago. Anyway i am not yet married
Super excited to read. First time I heard of this & him. Thanks @ChooseFi
Thank you Mr Collins! I watched his interview ... I found him so wise then I read his blog last November I understand what s his philosophy! I opened a brokerage account in vanguard after last Thanksgiving. Then I doubled my amount through Tesla.... ha ha Ha ha ha I 😘I sent his ideas to many friends! Thank you thank you 😊
where can we find Jl's Blog please?
@@MissBurr1 you can find anything by searching on google
Perhaps I'm dense but I fail to see how investing in indexes which yield 10% annually, long term, is in any way workable when we have 20% inflation. You'd be better off just spending all your cash on stuff now. With 3% inflation... sure, 10% annually, compounded makes sense. How does investing in something with an expected return that is lower than inflation help?
Are mutual funds and index funds the same thing?
They are same as far as having a mix of different stocks and sometimes bond funds but a mutual fund is has a manager who trades out the stocks and/or bonds at a higher rate which charges more fees. A passive index fund holds the stocks and/or bonds longer and usually doesn't trade out a stock until has a better performing one that replaces one that underperforms the benchmarks of that index.
Please excuse the unedited errors.🙈
@@ahumm8280 An index fund is a mutual fund. A mutual fund is not necessarily an index fund.
All index funds are passive. The follow an index.
i am half way of this book, very light read .. my daughter is 12 and she agreed to read the book this weekend once i am done.. by the way, i already have a non custodian account for her with weekly money going to her to an S&P index fund (not vanguard)
Fidelity or Schwab?
@@rogerdoger9939 etrade
@@robertmarlo6668 I didn't realize etrade had their own S&P500 fund.
I love J.L.
nice video! please make the ‘audio signal’ graphic larger. thanks
The Godfather of FI.
He has become synonimous with the index fund popularity...love J L
He is amazing.
Timestamps are desperately needed
I purchased his book on Audio such a great book.
Also purchased The Phycology of Money 💴 on audio another great book that everyone should purchase.
My god just these two books alone would do wonders if they taught it in our schools .
When the market goes down I try and cut back on expenses and work OT to come up with extra money to invest in my index funds. Is that crazy? To me it’s like a sale.
Love this, Christy!
Literally just bought this book for my mom 🤍
This is a great gift. Hope she enjoys it.
So happy he is back!!
Same! It's always good to speak with JL.
What is your recommendation for a vanguard bond fund? Thank you!
He recommends VBTLX
@@MC0527 Yep or the ETF version; BND.
Crucial question: I love how JL explained the impossibility of timing the market. Buffett, Peter Lynch and all the great investors agree. Yet, ironically, all the great investors also agree that one should "buy the dip." Someone please help me understand how "buying the dip" is not timing the market. In other words, when I find a company that seems like a great buy, do I just buy it right away? Or play guessing games waiting for the best buy price? There seems to be a fundamental contradiction in the minds of even the greatest investors: Don't time the market, yet "be clairvoyant" about the best time to buy. How can anyone know when the real dip is, except in hindsight? I can't get my head around it.
It IS timing the market. But some people will buy the dip with a line of credit or some other cheap credit and then repay when the investments' up. Keep the profit.
Correction: Bogle recommended the Total Stock Market fund in his book many years ago.
Informative discussion, thanks for sharing.
Does his advice still hold up today? Like now?
It's timeless.
Oh wow. Now going to pick the book
i started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $450k. before I turn 60, I would appreciate any advice on potential investments.
Focus on two main goals. First, protect yourself by knowing when to enter the market to limit losses and maximize profits. Second, get ready to capitalize on market shifts. I recommend asking a professional for advice.
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@@MIchaelGuzman737 I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are many independent financial advisėr that you might consider. But I've worked with "JILL MARIE CARROLL" for almost four years and she's proficient. You could proceed with her if she satisfies your discretion.
This is useful information; I copied her entire name and pasted it into my browser; her website appeared immediately, thanks for sharing.
Good question about vanguard conversions from vti to vtsax. Ive been wondering the same thing. Awesome interview.
How do I start investing in later? I am early 60’s making good income. We are debt free including house.
Same way you would if you were 25.
What a legend JL
Do you have another book coming like IRA, explain.
An IRA (individual retirement arrangement or account) is an investment vehicle. You can apply JL's investment philosophy and select a total stock market fund or ETF for that account. We have several articles at ChooseFI.com that discuss traditional and Roth IRAs. Just use the search feature. Hope that helps.
Love to hear JL Collins. But, that graphic is very annoying, distracting and adds nothing to this video.
How much percentage should you put towards investing/savings?
@Lalate Beautifully said, I tell my folks these words everyday. It's good to save money but most people don't understand the market moves and tend to be misled in facts like this and always depend on money in the bank.
@Lalate JL Collins does recommend investing, VSTAX index funds.
@Lalate Very helpful, this is what I needed to hear today
@Lalate a little, I am not totally sold on it
@Lalate Oh yeah, I know her too,I'm happy to see Mrs Rebecca Leigh Jones mentioned, she is recognized on the google, my wife recommended her to me after investing £1000 and she has really helped us in times of this bad pandemic crisis.
What do you think about VTWAX as a replacement for VTSAX?
Honest question here - please don't flame me. I'm a big fan of JL Collins and I've read his book and I agree it's great. I'm just on the cusp of retirement and I'm very concerned with the amount of money the government is printing. It's hard for me to conceive how the market can go much higher without a serious correction (since quite a bit of the COVID stimulus money is going into the market) as well as how the dollar can remain the reserve currency. Should this affect the approach Collins lays out in his book? Is anyone else worried about this besides me?
A few thoughts:
1) I think people always wonder if the market can grow higher all the time and some may want to time the market. However, we have seen historical data that folks cannot always time the market and that the overall trend in the market has been growth in the last 100 years. The question each of us has to ask and answer is do we believe in the US economy as a whole. I do not solely hold VTSAX or other US equities and have further diversification.
2) While inflation is always a concern and in recent years, we've had low rates of inflation, it may not be that way in the future. I tend to use a more conservative adjusted investment return to calculate portfolio growth.
3) May I suggest that you take a look at your investment policy statement and think about your timeline and reasons for investing and in what circumstances you will divest?
4) JL has also discussed adding international equities to his portfolio too which is a major shift from his US-centric investment philosophy.
Wishing you great success on your FI Journey! ~Jen, Community Manager
@@ChooseFI Thank you so much for your detailed reply - it's greatly appreciated !!!!!
Really love this channel and JL. but that voice graphic is so annoy while trying to watch the video.
So lets say that i have a millionaire dollars in a index fund, and i pull 4% out every year which is 40k. How much taxes will have to pay when i pull that money out
Depends. Is this in an IRA? Traditional or Roth. Is it in a non retirement account?
JL COLLINS IS THE MANNNNNNNNNNNNNNNNN
Craaaazy !! JL Collins !! I gotta read this I keep saying this but I will
Thank you. I will purchase this book.
You will be glad you did
And here i am from money on the bank to this strategy.... my moneys just.... gone silly! And i feel safe in doing so