Before we get to the nine expert investors I asked for advice, I wanted to share my own thoughts – what investment advice would I give?I’d probably tell my younger self to stop expecting short-term results.
“Whether you get an 8% or a 12% annual return on $1,000, you’re talking about the difference of $40 annually. Instead of worrying about your rate of return, if I could tell my younger self one piece of advice, it would be to put it all in a low-cost index fund and channel all of my energy toward increasing my savings rate,”Joshua Holt, Biglaw Investor
“Stop caring about what others think about you. Figure out how you can find inner peace and be happy with yourself. Spend money on things that will make you happy, rather than creating a false image to try to impress people. Live below your means, save money, and invest money in low-cost index ETFs.”Bob Lai, Tawcan