HenryPorter wrote:One thing I'll comment is that I work with many college age co-workers and based upon daily interaction with most of them, I think many of them would scoff at the idea of investing simply because it takes money away from them that they could spend NOW.....
Yesterday, YDNAL wrote:Whit, welcome to the Forum!
For ME, it is not so much "learning" but "underestimating" the power of compounding.
snyder66 wrote:Yes to all. But, Learning thee things along the way make you a better person/investor. There is time to catch up and learn from your mistakes. The greatest lesson I have learned is the the importance is not how much you make, but how much you save.
1210sda wrote:1. Passive investing in general and the three fund portfolio specifically
2. The majesty of simplicity
Wikipedia on Transhumanism wrote:Transhumanism, an international cultural and intellectual movement with an eventual goal at fundamentally transforming the human condition by developing and making widely available technologies to greatly enhance human intellectual, physical, and psychological capacities.
vectorizer wrote:Using the same type of analysis skills that makes one a good engineer or a good physician or a good sports team bettor does not work well when investing as an individual. Books have been written about the phenomenon of very smart, very successful people being terrible at investing. It takes some time to accept the Bogleheads way because it is counter to successful behavior in so many other endeavors.
supertreat wrote:If you're a good student - take full advantage. Research which careers pay the highest and go for them.
frugaltype wrote:No, go for the career that you find most fulfilling. I've had great jobs that did not pay well, comparatively, and I would do that again in a nanosecond.
zaboomafoozarg wrote:frugaltype wrote:No, go for the career that you find most fulfilling. I've had great jobs that did not pay well, comparatively, and I would do that again in a nanosecond.
The problem is once you get into a job that pays well, it's very hard to leave, even if you don't like it.
zaboomafoozarg wrote:Wait, you found a crystal ball or time machine? Can I borrow it?!
M_to_the_G wrote:I wish I had fully grasped the concept of investment time horizons and compounding interest when I was a teenager. Granted, no on in my life at that time was any more financially literate than I was, and so nobody could have taught me these things, but still...
If someone had opened an investment account for me and shown me how it works, I would have benefited tremendously. If I had started saving and investing the money I made during summers and during college, I would be far ahead of where I am now. If I had immediately started a Roth the day I joined the Foreign Service in 2008 and put $10K in it, I'd be ahead of where I am now. That said, I am still young (34), and have been doing things the "Boglehead" way for the past 5 years, with tremendous results so far. Still... one can't help but think about the "what if's?" Oh, well. Guess I'm lucky that I eventually got on board relatively early on in my career as opposed to when I was my 50's or something.