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money [2020/06/17 13:16]
admin [Fidelity 401k]
money [2020/06/24 17:06] (current)
admin
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 //"The whole investing **industry** exists only by making commissions on trades and charging you fees for assets under management. Hence they encourage active trading/management funds and rarely let you see how you perform relative to an index fund (usually worse)" --Marion Boersma (grandpa)// //"The whole investing **industry** exists only by making commissions on trades and charging you fees for assets under management. Hence they encourage active trading/management funds and rarely let you see how you perform relative to an index fund (usually worse)" --Marion Boersma (grandpa)//
  
-//Your fees are based on the amount of assets managed, which aligns our incentives with yours -- when you do well, we do well. -- Fisher Investments// Uhh...what about when I do poorly? +//Your fees are based on the amount of assets managed, which aligns our incentives with yours -- when you do well, we do well. -- Fisher Investments// Uhh...what about when I do poorly? **You still do well!**
  
 //"You hear stories of secretaries at Microsoft being millionaires, their groundskeepers driving a Ferrari...I didn't want to be an innovator, I just wanted to make a quick, easy buck. I just wanted in" -- Boiler Room// //"You hear stories of secretaries at Microsoft being millionaires, their groundskeepers driving a Ferrari...I didn't want to be an innovator, I just wanted to make a quick, easy buck. I just wanted in" -- Boiler Room//
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   * Plus the world improves more measurably as compared to "yeah I made a bunch of money! (off of other investors, which is a zero-sum game)". //Arguably though, investors help to some extent by somewhat efficiently allocating capital to profitable ventures//   * Plus the world improves more measurably as compared to "yeah I made a bunch of money! (off of other investors, which is a zero-sum game)". //Arguably though, investors help to some extent by somewhat efficiently allocating capital to profitable ventures//
   * //I need some more justification of this, but it feels right//   * //I need some more justification of this, but it feels right//
 +<blockquote>Do something where you’re performing a real service for people. It’ll be a success. I like investment counseling. And I like helping others. It gives you pleasure you can’t get spending thousands of dollars. Sir John Templeton, May 1951</blockquote>
  
  
money.txt · Last modified: 2020/06/24 17:06 by admin