I began my investing journey at age 23. I got some pamphlet that said I should invest in some bonds to go with my stocks. I didn’t know what a bond was.
A lot of people think stocks are easy and bonds are hard because there’s a lot of math in bonds.
We all know that it is dang near impossible to beat the market over any extended period. We all know that we are better off in index funds.
Individual investors often have no clue what they’re doing.
Asset allocation is the most important thing in the world. Yet most investors spend zero time thinking about it.