finance

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Generationally, we’ve had people like Buffett, Vanguard and Mr Money Mustache drill into our head how expensive fund managers are vs investing in index funds…

Genart collector. Tinkerer. Investor. Crypto maximalist. Nomadic traveler w/ my wife and 3 kids. Experimenting w/ evergreen content at /sydneys-place

Do you see index funds as = self-directed management?

I love index funds and consider them a good base. They're not central to my "self-directed" approach though.

I agree. What I mean is that the initial conditions are different than a generation ago. Back then you got a money manager. 

Gen X and newer started doing it themselves via DCAing index funds.

And as you get more sophisticated, there’s a tendency to self direct.

Also Gen X and newer had the benefit of some massive bull markets (especially if we timed the GFC right).

It’s hard not to think you’re a genius at investing when the tide is lifting so many boats 🛶 😊