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The default prudent investment strategy these days is essentially a “buy and hold” (or, more precisely, “buy, hold, and rebalance”) strategy with low-cost index funds or ETFs.
I’m convinced that a normal, early stage of investment literacy is mentally testing out various ways that somebody could do better than such a strategy: picking winning stocks, various market timing strategies, assorted options strategies, etc. And, eventually, you learn enough to realize that most of that stuff is detrimental to results, on average.
Ben Carlson recently addressed two such topics:
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Investing Made Simple: Investing in Index Funds Explained in 100 Pages or Less
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Topics Covered in the Book:
- Asset Allocation: Why it’s so important, and how to determine your own,
- How to to pick winning mutual funds,
- Roth IRA vs. traditional IRA vs. 401(k),
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