At its core, retirement planning is about managing uncertainty.
How long will you live?
What will investment returns look like over your lifetime?
What will happen with inflation, tax law, and healthcare costs?
Nobody knows. https://t.co/O1E7XMn6Ql
Jon Luskin, CFP®
@JonLuskin
Hourly Advice for Do-It-Yourself Investors. '@Bogleheads® on #Investing' co-host. Advice-Only #CFP®. #fiduciary. Tweets ≠ Advice. https://t.co/GJqMxem3Cr
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I have no idea what any stock should be worth at any particular time.
(Moreover, I couldn't even imagine trying to figure that out - looking at financial statements of hundreds of companies, sitting in on countless earnings calls, etc.)
That's just way too much work for a strategy that can be hard to get right: stock picking.
For me, that means I'll be sticking with low-cost index funds.
Low-cost index fund investing is a very low-maintenance approach to #investing that can work very well for practically everybody.
Not sure if a financial advisor has your best interest in mind?
Ask them:
"If I do - or don't do - what you say, are you going to make any more - or any less - #money?"
I talk more about that in this blog post, link below in the comments 👇 https://t.co/y7Mn9hWuJX