This is another book which I purchased in order to educate myself on personal financing. Some things I learned from this book about how to be frugal with regards to investing:
- Keep fees razor thin
- Use dollar cost averaging which basically means putting the same amount of money into an investment regularly over a long period
- Rebalance your portfolio regularly
- You have to realise you can't consistently beat the market.
- Invest in index funds; don't bother with actively managed mutual funds.
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