A decision taken is a good one if afterwards, I feel great. If think I should have done it sooner. There are no, “I shouldn’t have done that”.
I just bought my first electronically trade fund (ETF). After doing a bit of research, I decided on one fund based on:
- Its low expense fee;
- Positive correlation to a major US Index (close to 100%); and
- Management structure of the company issuing the ETF
Before I hit the OK button, my friend asked, ‘what will you do if the stock market crashes or you need money in few years’ time?’
My investment strategy is simple. Load cash into efficient investment vehicle. Once invested, it’s gone from my mind for decades. Inaction takes over.
The beauty of compounding interests leading to money making more money babies.