In this episode, Mark talks about the stock market closing the first half of the year at an uncommonly smooth ride. But a “historic market drop” will come. What are markets going to do? The stock market is the vehicle that allows you to invest in the investments you own! Investing in businesses is a process over time and technicals are a framework of information. Investors look at a specific point in time, is that your ending? Most likely not. You don’t lose money unless you sell. Most companies take advantage of you, to charge you with fees and make it confusing. People are focused on the wrong things - the price over short term is irrelevant, except for providing opportunities. Do not do target date funds and pick the best funds out there. Every company has someone who picks funds for their 401k. Target date: portfolios that are automatically allocated for you.
July 13, 2017