INVESTING
CREATING WEALTH WITH WHOLE MARKET INDEX FUNDS
by Robert J. Albers, PhD
Available Now for Free Download
The Do Nothing Approach to Building Wealth
Among the thousands of books on money, investing, retirement planning, portfolio construction, investment strategies, etc., it is difficult to find two books that agree on anything very specific, although they all have reasonable sounding ideas and reasons for their claims. However, most of this advice isn’t worth your while for three reasons:
Too Complex
Investing can be complicated, but it doesn’t need to be. Your investments should be simple to understand and easy to keep track of.
Difficult to Implement
Financial advisors often make investing sound more difficult than it is. You can use the same practices to build wealth and cut out the middle man.
Overly Expensive
Don’t lose your hard earned money to fees and commissions. You should keep the earnings from your investments in your own pocket.
Investing that avoids complexity, is easy to implement, and has little cost is the proper way to create the greatest wealth possible.
The most salient recommendation for whole market index investing came from the greatest investor in America, Warren Buffett. He wrote about this investing style in several of his shareholder letters. The most relevant passage from these letters is from his letter to shareholders for 2013.
Warren Buffett
“The goal of the non-professional should not be to pick winners—neither he nor his “helpers” can do that – but should rather be to own a cross-section of businesses that in aggregate are bound to do well. A low-cost S&P500 index fund will achieve this goal….[and] My advice to the trustee [of my heirs] could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions, or individuals – who employ high-fee managers.”
Meet the Author
As a self-educated individual investor having endured many investing disappointments, I’ve long searched for a simple, low-cost way to closely match market returns in the creation of wealth. In addition, the investment strategy recommended is both easy to understand and implement. In this book, I try to explain what I have found to be true about investing based on years of research.
-Bob
Dr. Robert J. Albers has nearly 40 years experience in self-education in the world of investments. While his previous work focused on complex growth strategies and leveraging dividend growth portfolios, “Investing: Creating Wealth with Whole Market Index Funds” presents a simple strategy anyone can follow for building long term wealth.
While not studying investments, Dr. Albers is a FINRA neutral arbitrator, involved in settling disputes in the securities industry. He is a lifetime member of the American Association of Individual Investors. In the past, Dr. Albers was engaged in building computer systems in the medical field, research design, and teaching statistics.
What’s INVESTING all about?
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Why should you invest in the first place? You might think “to make more money,” but that’s not really the case. The future dollar amount you might have in your account is not what is important. What counts is the purchasing power of the future dollar amount.
This book gives you an understanding of how to make sure your investments give you the purchasing power you need for a lifetime.
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Investing can be complicated, but it doesn’t need to be. Your investments should be simple to understand and easy to keep track of. But where do you begin? The answer I’ve found after a lifetime of investment research is whole market index funds.
This book breaks down what that means and how you can get started.
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In general, “risk” is used in a broad spectrum of situations. There is an amount of risk in almost all types of situations involving money. Even if you keep all your money in cash under lock and key, you still risk your savings losing value due to inflation. We hear about risk all the time when it comes to the market, but what is the real risk in investing?
This book will help you understand the risks you face while investing and how to minimize the negative effects of those risks.
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I wrote most of my book about investing for the long term so that you can have the money you need later in life. But what happens when you arrive at “later in life?” The twilight of investing has to do with things that are much more complex, require more work, and many times require the assistance of experts.
The final part of this book gives practical advice about how to use your investments in retirement while navigating all the complexities of social security, withdrawals, and the like.
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