Chris@TTL says. Sign up to receive email updates when a new post is published. Now that I’m done reading The Simple Path to Wealth by JL Collins, I feel confident in recommending it to any and everyone. Investment products discussed (ETFs, mutual funds, etc.) The Simple Path To Wealth By JL Collins | Commuter Experience Book ReviewsThanks for watching my video! Save half your money, avoid all debt, and invest in vanguard index funds.what irritated me about this book is there is no plan if you're older if you've never been able to save money because you couldn't afford it and you started investing late in life and don't have a lot of time to save for retirement. I have no formal financial education. Great review. Collins suggests one needs only one index fund – the total U.S. stock market – for that path, allowing you to be fully diversified across all sectors and cap sizes. This book helped to reaffirm and clarify. I remember having a conversation with my Med School roommate 28 years ago. How To Beat the Market Using Leverage and Index Investing, How To Buy Bonds Online: The Ultimate Guide, The 5 Best High Yield Bond Funds for Income. To see what your friends thought of this book, Betterment is my recommendation for hands-off investors who prefer a DIFM (Do It For Me) approach. The kind of person who reads this book is asking themselves if they will be able to retire a millionaire in their 30s or if they will have to wait until their 40s. Do your own due diligence. Save my name, email, and website in this browser for the next time I comment. 2. But opting out of some of these cookies may affect your browsing experience. JL Collins: The problem with individual stocks is that when you buy one and it works, there are few better feelings than analyzing a stock and buying it and watching it begin to soar. The stock market is up, then down, then down, then up. Collins’s message is to find financial freedom: the ability to never work again, if you don’t want to, and have enough money “F-you money” that your investments provide appropriate income for you to retire early and live comfortably. Avoid debt save your money invest in index funds which are low-cost and easy to manage. What do you do? JL expertly explains what’s going on—and his recommendations for the best course of action—based on 40 years of investing in the stock market (and making a boatload of mistakes along the way). I’ve now read The Simple Path to Wealth 4 times (3 in the review process, and again last night) and I still lol’d. Like Bogle (and me), he staunchly opposes things like day trading, active management, market timing, etc. This website uses cookies to improve your experience. What is the Simple Path to Wealth Portfolio? Long-term approaches and lazy portfolios like these are admittedly boring, but that doesn’t have to be a bad thing. Who is JL Collins? A book that doesn't tell you the "secret way" of getting rich fast. Be prepared to be charmed, wooed, and—of course—seduced by these most popular romance novels of the past three... “In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge, “In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. This category only includes cookies that ensures basic functionalities and security features of the website. Reviewed in the United States on September 14, 2016 I liked the author’s podcast interview by the respected, data-driven and the whimsical Mad Fientist. JL Collins advocates for frugality, planning, diversification, and low-fee investing as “a simple path to wealth.” Can’t argue with that. Read more here. Consequently, I slightly disagree with JL Collins on two main points, which are the two primary criticisms of the Simple Path to Wealth Portfolio: M1 Finance is a great choice of broker to implement the JL Collins Simple Path to Wealth Portfolio because it has zero transaction fees and allows for fractional shares. Collins’s book is very approachable for beginners interested in investing and personal finance, especially those with a DIY mindset. Published June 17th 2016 by jlcollinsnh.com. Last Updated: January 30, 2021 No Comments – 3 min. Solid book on investment and portfolio building. Book ‘ the Simple Path to Wealth by JL Collins, I am not a recommendation buy! Amassing `` fuck you money '' has never seemed so possible and has traveled the world I would “! Is up, then down, then up 're not freshly out of college forward Mr... 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