PODCAST: Low Cost Index Investing: What You Need To Be a Successful Index Investor - EP.33
ฝัง
- เผยแพร่เมื่อ 19 มิ.ย. 2024
- This week on the show we are joined by Rick Ferri. Anyone who follows or is interested in index investing will probably have read something of Rick’s. He’s written seven books, working on the eighth, and he’s written a ton online as well. Rick opened Portfolio Solutions, the first low fee index fund based wealth management shop and built it up to over a billion dollar company. Rick created the model of low cost fiduciary advice, using index funds and putting the client first, so today we’re chatting to him all about it. Inside this episode Rick shares why he is so passionate about low cost index investing, the four levels of an index investor, and the requirements for being a good index investor in the long term. We also talk about his relationship with John Bogle, who recently passed away. It was a pretty meaningful conversation! For this and more, be sure to join us on today’s episode!
Key Points From This Episode:
2:24 Rick’s passion for low cost index investing.
5:00 The four levels of an index investor.
10:29 Dimensional funds: active management that uses factor based investing principles.
11:54 None market risk factors fitting into a portfolio.
13:44 Rick’s thoughts on the price and the value around behavioral coaching.
18:14 The future of robo-advisers.
18:54 Three things required for a person to be a good index investor in the long term; Not indexing yet? - You need repetition, repetition, repetition.
22:40 Having more assets than they’ll ever need in term of their equity exposure.
24:33 John Bogle as a person and how he changed the financial services industry.
29:05 How Rick defines success.
And much more!
Books From Today’s Episode:
Bogle on Mutual Funds - amzn.to/2MtdzGX
Links From Today's Episode
Rational Reminder Website - rationalreminder.ca/podcast/33
Show notes: www.pwlcapital.com/the-ration...
Read more investing insights from the Passmore-Felix Team at PWL Capital.
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I just wanted to say, Felix, you are by far my favorite informative youtube content creator. Thank you and your team for all that you do. It is truly rare to see someone as motivated, educated, and excited about investment education. I look forward to the many papers I am sure you will publish throughout your career.
Philosophy (Index Funds)
Strategy (Asset Allocation)
Discipline (Automation and Stay the Course)
Spot on. My entire portfolio is in a single account and consists of just 4 vanguard index funds, one global bond fund and 3 equity ones replicating the FTSE all cap global index. Possibly not ultimately optimal but the simplicity helps me a lot in terms of behavior and staying the course.
25:25
he wrote me back a card as well when i reached out to him.
My first child/daughter was born on his 2nd to last birthday, I commented on the Vanguard facebook page and he sent an autographed book to our home to acknowledge the coincidence and congratulate us. What a great man.
ty
Awesome👍
Darkness
Enlightenment
Complexity
Simplicity
Genius 😎