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The 20 largest ESG-focused exchange-traded funds, ranked by 1-year returns. Please forward this error screen to 209. For the Love of Frugal Hound, Manage Your Money Yourself! Not gonna lie, I learned quite a bit from Collins’ book. I am all the smarter after reading this work. Keep Reading To Find Out My Grad School Econ Grade As regular readers know, I don’t often review books, products, or, well, much of anything here on Frugalwoods.

Except in extremely rare cases where I truly believe in something and hence, think you all might be interested too. When I found out my friend JL Collins was writing a book, I knew it was something I’d want to share. Because Collins’ site is my go-to for sane, rational investing intel. Collins provides the explanations, theory, and historical data for precisely why this approach is wisest. In his book, Collins sets forth his straightforward financial guidance in a humorous, easy-to-understand, and delightful pattern. This is no dry economics text.

This is no tortured fiscal advice column thinly disguised as a way to peddle unneeded financial products and services. DIY long-term low-fee index fund investing—and if you’ve ever wanted to do it yourself—then Collins’ book is for you. Coincidence that those of us who retire early follow this investing methodology? That’s basically it and we could stop right there. I receive a veritable ton of questions from readers asking how to start investing and how to manage investments, and I’m so glad that I finally have an answer for all of you: read JL Collins’ book! I agree with his philosophy, I like his writing style, and he’s a supremely nice guy to boot.

Fidelity and thus it’s very easy to transfer money. Either VTSAX or FSTVX is great as either is what you want: low-fee index funds. We frugal weirdos are inveterate insourcers, so this is fabulous news! You don’t need to—and I’d posit shouldn’t—pay a professional to manage your funds for you. Index funds outperform actively managed funds in large part simply because actively managed funds require expensive active managers. Because there’s money to be made in trading on the fear and greed that motivate most investors.

Nobody is going to sit glued to their TV while some rational person talks about long-term investing. Would You Like To Start Investing Today? The caveat here is that I encourage you to read Collins’ book first so that you understand why and what you’re investing in, but the actual mechanics of investing are ludicrously simple. Since I earnestly want to drive home how simple this is, I just took 2 minutes out of my day and went to Vanguard’s site so that I can tell you what buttons to click in order to set up your very own VTSAX account. Did you think it was more complicated? If so, then the well-paid fund managers on Wall Street are delighted that their subversive marketing has worked!