Comments on: Embracing the Beauty of Being Average

By: Rob

Rob — Mon, 11 Apr 2011 19:54:56 +0000

Never, never, never, never accept being average. Never…

By: Blake

Blake — Wed, 01 Oct 2008 17:14:47 +0000

Vanguard just seems to stand above everybody else. They’ve got it going on.

By: Start-Up

Start-Up — Tue, 30 Sep 2008 03:50:39 +0000

While I agree that retirement can wait, retirement funds like IRAs and solo 401ks can only be invested in during a 16ish month period for each year. I will not be investing extra money into taxable accounts before I fund an emergency fund, but I will try to max out my tax sheltered retirement accounts before the window to invest in them closes.

I have a relatively safe job, plus my self-employed income that I plan on increasing significantly in the next year or two. The versatility of my income and my credit limit provides me the flexibility to go without an emergency fund while I max out my retirement accounts. I suppose I’m just crossing my fingers that I don’t have to use credit in an emergency.

By: Kevin

Kevin — Sat, 27 Sep 2008 04:30:47 +0000

@Blake: That is exactly how I feel! Lowest costs in the industry. ’nuff said for me. I haven’t done ETFs yet, but that is definitely something to consider for a long-haul investor.

@Start-Up: Wait, retirement accounts then emergency fund? Retirement can wait man, get that efund up and running first.

By: Friday Link Love - Fighting the Funk Edition | One Caveman's Financial Journey

Fri, 26 Sep 2008 17:29:18 +0000

[...] Embracing the Beauty of Being Average [...]

By: Start-Up

Start-Up — Wed, 24 Sep 2008 18:37:57 +0000

I will be joining you in embracing the average idea. All of my retirement accounts will have index funds.

As soon as I have maxed out my retirement accounts I will be saving for an emergency fund. After that I want to have a play account where I see if I can beat the market by being better then average. We’ll see…

By: Blake

Blake — Wed, 24 Sep 2008 13:06:32 +0000

Awesome post.

I freaking love Vanguard too! How could you possibly go wrong building a portfolio around their funds? It’s investing for dummies, really, and the funny thing is you will do better than many so-called ‘experts’ out there.

I know people talk about the ‘ETF craze’, but I think (and hope) it’s here to stay. Combine the fact that mutual funds have much higher fees and that they almost never outperform over a significant period of time, and it’s no wonder people are flocking to ETFs.

Thanks for the reminder at the end of your post.