This post is to bookmark down this page which is a huge gem.
It capture the essence of that blog and financial freedom. Aside from the more US-specific investment strategy, all the ideas written there are fantastic and applicable to Singapore.
The first 7 chapters are must read, especially on the market always going up and how fund managers rip us off.
"The market always, and I mean always, goes up. Not each year. Not each month. Not each week and certainly not each day. But relentlessly up."
"The fact is only 20% of fund managers will beat the Index over time. 80% will fail. 100% of them will charge you high fees to try. There is no predicting which will be in that rarefied 20%.
Every fund prospectus carries this phrase: “Past results are not a guarantee of future performance.” It is the most ignored sentence in the whole document. It is also the most accurate."
And how we have become so accustomed to debt - the greatest obstacle to wealth building.
"If you intend to achieve financial freedom you are going to have to think differently. It starts by recognizing that debt should not be considered normal. It should be recognized as the vicious, pernicious destroyer of wealth-building potential it truly is. It has no place in your financial life."
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