The Reflection of “I Will Teach You to Be Rich” from Ramit Sethi (vol.43)

How to pick a fund

The top priority in picking funds is to find the low fee. Next, you need to consider whether the fund fits your asset allocation, which is determined by your risk tolerance. Most Index funds are at Vanguard, T. Rowe Price, and Fidelity.

Individual Index Funds

Index funds usually include three to seven funds and a $1,000~$3,000 price range. You can invest in your investment monthly account from a savings account.

Real Estate

You need to consider maintenance costs and property taxes when you invest in real estate.

Art

According to Standford analysts, in 2013, the annual return of art investment was 6.5 percent to 10 percent. But the return information is usually exaggerated.

High-Risk Investment

High-risk investment, such as investing in particular stocks, is called fun money, but it should not be over 10% of your portfolio even though it sometimes brings a high reward.

The Truth about Stock Investing

The matter in stock investing is long-term holding with low-cost investing, not a picking game.

Crypto

Crypto is still in uncertainty due to drug trading and instability. We remember the quote, “Money is not real.”