I recently came across an excellent piece by Ben Carlson, discussing the concept of building wealth slowly. One thing that struck me is the publication date of the article: January 10 (i.e., immediately before the GameStop hullabaloo began in earnest).
In our household, we’re very much on the “build wealth slowly” train as well. We have a boring, diversified, low-cost portfolio. Changes to the allocation or the plan are rare. We’re never going to live in a $17-million penthouse mansion or fly around the world in a private jet. But I’m very confident that we’re on track to meet our goals without having to take undue risk to get there.
- It’s OK to Build Wealth Slowly from Ben Carlson
Recommended Reading
- The Good News About Retirement Income from Christine Benz
- Not Going Back To Work from Chris Mamula
- Optimizing Fixed Annuity Tax Deferral from Aaron Brask (pdf)
- Sec. 403(b) Retirement Plans: a Comparison with 401(k) Plans from Vorris Blankenship
- Beware of Identity Theft Scam Involving Unemployment Benefits from Sally Schreiber
- GameStop Holds a Financial Lesson for Kids: Investing is Supposed to be Boring from Michelle Singletary
Thanks for reading!