For anyone interested in our biggest takeaways from this episode, we put together an episode with our 9 biggest lessons th-cam.com/video/6rPTiOV7H38/w-d-xo.html
Common sense is more rare than you think. It's time to replace legacy thinking with forward thinking and the ability to think outside the box. To do so, one must first understand for themselves that fiat systems are failures that always lead to corruption, manipulation, and deceit. Embrace a future where value is transparent, decentralized, and beyond the reach of those who seek to exploit it. Let's move beyond the broken models of the past and build a more equitable and resilient financial system.
The best investment advice is the advice one would give to their own children. This is the acid test. The advice that I would give to my children is "Do what Rick Ferri does, all else is BS"
Thank you for this great interview. Very important to review regularly these concepts (Simplicity, Diversification, Low Cost and Rebalancing) in order to reinforce ourself against the huge noise generated by the “fees industry”.
You're very welcome! It's indeed crucial to regularly review and reinforce foundational investment concepts like Simplicity, Diversification, Low Cost, and Rebalancing. These principles help navigate through the noise and complexities of the financial industry, ensuring a solid and resilient investment strategy over the long term.
I enjoy Rick, and the Boglehead's You Tube content, TREMENDOUSLY..the only minor "gripe" that I have about it, is that it seems rather clumsily configured. Sort of "ad-hoc". But, then again..maybe I just need to become smarter than the channel! But, the content is PURE GOLD.
It's great to hear that you find Rick and the Boglehead's TH-cam content to be pure gold in terms of financial advice! Ad-hoc configurations can sometimes give a channel a more casual or unscripted feel, which may have its own charm but can also make it feel less structured.
Thank you for watching this episode. If you enjoyed it, you might also enjoy our previous interview with Rick where he explained how he manages his personal portfolio. You can find it here. th-cam.com/video/bjGaIw8n7Do/w-d-xo.html
Liked it (thumbs up!) even though he took a jab at my Schwab Intelligent Portfolio. For my Roth IRA nothing about Schwab Intelligent Portfolio is complex - sure they hold 20 ETFs, but no taxable events in a Roth, they rebalance it for me, and even have a payout feature. And it's cheap too (15bps all in.) I kid you not, my main reason for buying this was for its overall "simplicity." No question, simpler than having to manually rebalance a "3 Fund Portfolio" then someday manually having to set up a retirement payment schedule. Anyway, I consider myself a Boglehead, but for whatever reason, they're a little slow to warm up to Roboadvisors, or most other new technologies. I hope they don't get stuck in time and gradually fade away into irrelevance with newer generations!
Schwab, Fidelity, etc. create complex portfolios to baffle clients so they keep them as advisers, wrongfully believing that investing is complicated and they have some sort of "secret sauce" to construct the ideal asset allocation. It's all marketing of course.
Validia runs investment models based on the super-investors. Have you considered taking the top recommendation from each model in a blend model, keeping track of which model the recommendation came from removing it when the rules of the model it came from would remove the pick, replacing it from the top pick from the model to see if the blend does better than the individual models ?
“Passive flows don’t affect valuation, I just don’t believe it” -> jeeez what universe does this guy live in?? He says there’s no evidence of it. Has he ever listened to Mike Green and all the work he’s done on it? The fact that passive flows may continue and therefore a passive indexing strategy may still be superior for the coming years/decade, doesn’t mean that passive flows don’t impact overall valuations. He just wants to believe the market is priced by active value investors and that passive participants are just in for the ride… It’s ok to believe that passive flows bid up the stock market and that THEREFORE a passive index strategy may the the smartest thing to do. He’s just intellectually lazy on that point.
Every year someone comes along, writes a book, telling people to buy index funds, and it sells like hot cakes. Really? What am I missing. This was a total waste of time and replicates, exactly, Jack Bogle's advice and that of hundreds of other "me too" experts.
Rick Ferri is a Boglehead disciple. He runs the bogleheads in investing podcast and was the president of the board for the Bogle Center for over three years. If his advice sounds like Jack's it's not a coincidence.
@TallDarkStranger60 because the median 401k balance of people 65 is around $88,000 for starters. The united states expects everyone to save and invest for their retirement however it's not taught in primary or high school. The more that get the word out in theor own way might strike a chord with an individual that the millionare next door or Jack Bogle didn't for one reason or another.
@@nicholas5396 Ah thanks for that. I get it. The fishing net size strategy. Hopefully, future videos will have a qualifying statement (e.g., this is the same "save as much as possible, buy low cost index funds and hold for the long term" content).
You need a 50 ETF portfolio if you run a very leveraged portfolio. The more leveraged you get, the more diversified you need to be, especially under a Portfolio Margin account and/or SPAN margin account.
"Indexing is not setting prices"...what a clown...how many names can you think of when they are either added or dropped from an index there is forced selling or buying that moves the price? More money in indexes, more forced sales or buys.
For anyone interested in our biggest takeaways from this episode, we put together an episode with our 9 biggest lessons th-cam.com/video/6rPTiOV7H38/w-d-xo.html
Great advice here. Keep it simple, buy things you understand, take some risk but don’t try to shoot the lights out.
What a wonderful, eloquent, interview! It’s basically everything one needs to know about evidence based investing condensed in 1 hour. Great 👍
Thank you!
Common sense is more rare than you think.
It's time to replace legacy thinking with forward thinking and the ability to think outside the box. To do so, one must first understand for themselves that fiat systems are failures that always lead to corruption, manipulation, and deceit. Embrace a future where value is transparent, decentralized, and beyond the reach of those who seek to exploit it. Let's move beyond the broken models of the past and build a more equitable and resilient financial system.
They tried to drag him into saying something silly, but he was simply thorough and sensible. I would trust him and use him.
The best investment advice is the advice one would give to their own children. This is the acid test.
The advice that I would give to my children is "Do what Rick Ferri does, all else is BS"
Thank you for this great interview. Very important to review regularly these concepts (Simplicity, Diversification, Low Cost and Rebalancing) in order to reinforce ourself against the huge noise generated by the “fees industry”.
Thank you for listening!
You're very welcome! It's indeed crucial to regularly review and reinforce foundational investment concepts like Simplicity, Diversification, Low Cost, and Rebalancing. These principles help navigate through the noise and complexities of the financial industry, ensuring a solid and resilient investment strategy over the long term.
Solid interview. Thanks.
Thank you!
Man this guy is really simple.
I enjoy Rick, and the Boglehead's You Tube content, TREMENDOUSLY..the only minor "gripe" that I have about it, is that it seems rather clumsily configured. Sort of "ad-hoc". But, then again..maybe I just need to become smarter than the channel! But, the content is PURE GOLD.
We love having Rick on. Thank you for listening!
It's great to hear that you find Rick and the Boglehead's TH-cam content to be pure gold in terms of financial advice! Ad-hoc configurations can sometimes give a channel a more casual or unscripted feel, which may have its own charm but can also make it feel less structured.
Thank you for watching this episode. If you enjoyed it, you might also enjoy our previous interview with Rick where he explained how he manages his personal portfolio. You can find it here. th-cam.com/video/bjGaIw8n7Do/w-d-xo.html
Very good video. TY.
Thank you for listening!
Liked it (thumbs up!) even though he took a jab at my Schwab Intelligent Portfolio. For my Roth IRA nothing about Schwab Intelligent Portfolio is complex - sure they hold 20 ETFs, but no taxable events in a Roth, they rebalance it for me, and even have a payout feature. And it's cheap too (15bps all in.) I kid you not, my main reason for buying this was for its overall "simplicity." No question, simpler than having to manually rebalance a "3 Fund Portfolio" then someday manually having to set up a retirement payment schedule. Anyway, I consider myself a Boglehead, but for whatever reason, they're a little slow to warm up to Roboadvisors, or most other new technologies. I hope they don't get stuck in time and gradually fade away into irrelevance with newer generations!
Schwab, Fidelity, etc. create complex portfolios to baffle clients so they keep them as advisers, wrongfully believing that investing is complicated and they have some sort of "secret sauce" to construct the ideal asset allocation. It's all marketing of course.
@@PassivePortfolios Im glad to see you had nothing substantive to say regarding anything that I said.
Validia runs investment models based on the super-investors. Have you considered taking the top recommendation from each model in a blend model, keeping track of which model the recommendation came from removing it when the rules of the model it came from would remove the pick, replacing it from the top pick from the model to see if the blend does better than the individual models ?
Is he not wrong at 19:53....? I thought products like SPY are market cap-weighted. ?
He's is saying it's market cap weighted. Probably could have explained it better though.
Your guest sounds great, but you sound like you're 2X'd.
Rick, NVIDIA - pronounced ‘Envidia’ not ‘navidia
Does that mean he owns Chinese stocks?
VHAI is Mark Cuban looking to buy this an transform it 🚀🚀🚀🚀🚀🚀
“Passive flows don’t affect valuation, I just don’t believe it” -> jeeez what universe does this guy live in?? He says there’s no evidence of it. Has he ever listened to Mike Green and all the work he’s done on it? The fact that passive flows may continue and therefore a passive indexing strategy may still be superior for the coming years/decade, doesn’t mean that passive flows don’t impact overall valuations. He just wants to believe the market is priced by active value investors and that passive participants are just in for the ride… It’s ok to believe that passive flows bid up the stock market and that THEREFORE a passive index strategy may the the smartest thing to do. He’s just intellectually lazy on that point.
Every year someone comes along, writes a book, telling people to buy index funds, and it sells like hot cakes. Really? What am I missing. This was a total waste of time and replicates, exactly, Jack Bogle's advice and that of hundreds of other "me too" experts.
💰
Rick Ferri is a Boglehead disciple. He runs the bogleheads in investing podcast and was the president of the board for the Bogle Center for over three years. If his advice sounds like Jack's it's not a coincidence.
@@nicholas5396 Then why do we need another person saying the same thing?
@TallDarkStranger60 because the median 401k balance of people 65 is around $88,000 for starters.
The united states expects everyone to save and invest for their retirement however it's not taught in primary or high school. The more that get the word out in theor own way might strike a chord with an individual that the millionare next door or Jack Bogle didn't for one reason or another.
@@nicholas5396 Ah thanks for that. I get it. The fishing net size strategy. Hopefully, future videos will have a qualifying statement (e.g., this is the same "save as much as possible, buy low cost index funds and hold for the long term" content).
You need a 50 ETF portfolio if you run a very leveraged portfolio. The more leveraged you get, the more diversified you need to be, especially under a Portfolio Margin account and/or SPAN margin account.
I agree
But Can you imagine an individual investor trying to do all that though? That would be almost a full-time job.😅
The next apple…nvidia
"Indexing is not setting prices"...what a clown...how many names can you think of when they are either added or dropped from an index there is forced selling or buying that moves the price? More money in indexes, more forced sales or buys.
I saw new rprts saying. Stocks that will skyrocket i 2nd HALF of 2024. Stocks like PARA. MRNA. BBY. UPST. SQQQ. TDOC🎉