Some notes about managing money
This website is a collection of my notes from reading various books. Many of these notes are dedicated to a man named Mike Finley. He has authored many books on financial literacy and investing for the average person. He has taught me many things about personal finance. This website is a place for me to share my notes.
Warren Buffett – “Most investors, both institutional and individual, will find the best way to own common stocks is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) delivered by the great majority of investment professionals.”
John Bogle – “Deep down, I remain absolutely confident that the vast majority of American families will be well served by owning their equity holdings in an all –U.S. stock-market index portfolio and holding their bonds in an all-U.S. bond-market index portfolio. …The rationale for a 100-percent-index-fund portfolio remains as solid as a rock. It’s all about common sense.”
William Bernstein – “You are engaged in a life-and-death struggle with the financial services industry. Every dollar in fees, expenses, and spreads you pay them comes directly out of your pocket. If you act on the assumption that every broker, insurance salesman, mutual fund salesperson, and financial advisor you encounter is a hardened criminal, you will do just fine.”