/biz/ - Business & Finance

>>23231287
VTI is great for a core stack. Any broadly diversified index fund with a low expense ratio is fine. Putting the majority of your net worth in TSLA, individual stocks, or chasing returns in mutual funds is a great way to lose money.

>>22492911
Relevant, but it definitely was more relevant when random individuals held a much larger portion of all outstanding shares (and they could be taken advantage of by institutions / professional investors on the other side of their trades).

I'd say that "A Random Walk Down Wallstreet" is the better book for today, explaining that the market is mostly efficient and the average individual is better off with a low fee diversified market cap weighted index fund. Also, "Winning the Loser's Game" discusses exactly how the market evolved from being a winner's game where pro's could have an advantage over low-information traders, to a loser's game where cutthroat competition from professionals and institutions makes up over 90% of all trades and has made it near impossible to find some deficiency in the market to reliably exploit.

>>15094816
A Random Wall Down Wallstreet
The Millionaire Next Door
Common Sense on Mutual Funds
The Intelligent Investor

Those are my big 4.

A Random Walk Down Wallstreet.

Traders can’t consistently beat the market when your timeframe is long enough (25 years or more). Just get a ultra-low fee broad market mutual fund.