#Things to consider
- Being financially independent is every bit as much about controlling your needs as it is about building your assets.
- With Vanguard, you own your mutual funds—and through them—Vanguard itself. Your interests and those of Vanguard are precisely the same. This is a rare and beautiful thing, unique in the world of investing.
- The average expense ratio at Vanguard is 0.18%. The industry average is 1.01%. Now this might not sound like much, but over time the difference is immense and it is one of the key reasons Vanguard enjoys a performance as well as a cost advantage.
- The next 10, 20, 30, 40, 50 years will have just as many collapses, recessions, and disasters as in the past. Every time it will be scary as hell. Every time all the smart guys will be screaming: Sell!! And every time only those few with enough nerve will stay the course and prosper.
- Our psychology is such that we can’t help trying to “time” the market. We tend to jump in and out, almost always at the wrong times. Fiddling with your investments almost always leads to worse results.