Quotes About Wealth

For some of us, money is vital and crucial but not paramount. It's simply a tool, a source of power used in service of others and a life well lived.

The whole trick in investing is: "How do I keep from losing everything?" If you use the 200-day moving average rule, then you get out.

Asset allocation, 2. Diversification, 3. Tax efficiency.

Why would anyone want to invest in mutual funds through an annuity? Because annuity products have special tax benefits, and the money inside can grow tax-deferred, just like a 401(k) or IRA.

The secret to wealth is simple: Find a way to do more for others than anyone else does. Become more valuable. Do more. Give more. Be more. Serve more. And you will have the opportunity to earn more

So in my total portfolio, including both my personal and retirement accounts, about 60% of my assets are in stocks, mostly in Vanguard's stock index funds.

only way to become wealthy, and stay wealthy, is to find a way to do more for others than anyone else is doing in an area that people really value.

20% Wilshire 5000 Total Mkt TR USD 20% FTSE NAREIT All REITs TR 20% MSCI ACWI Ex USA GR USD 15% Barclays US Long Credit TR USD 15% Barclays US Treasury US TIPS TR USD 10% MSCI EM PR USD

He smiled again and grabbed my arm. "It so simple," he said. Indexing is the way to go. Invest in great American businesses without paying all the fees of a mutual fund manager and hang on to those companies, and you will win over the long term!

Just like dollar-cost averaging, the discipline once again makes you invest in underperforming assets when their prices are low, so that you own lots of them when their prices go up.

Asset allocation is everything!

What dollar-cost averaging really means is systematically putting the same amount of money across your full portfolio—not just the stock portion.

Sir John Templeton, not only the world's greatest investor but also one of the greatest human beings, shared something with me almost 30 years ago: he said that he's never known anyone who tithed—meaning the person gave 8% or 10% of what he earned to religious or charitable organizations over a ten-year period—who didn't massively grow his financial wealth.

You want to know the banker's secret? Your interest payments will tack on an additional 100% or more to your loan value.

call and put options, credit-default obligations (CDOs), and a whole host of exotic financial instruments available to traders these days. If you build up a lot of wealth, you may want to have your fiduciary look into some of these vehicles. But just realize that if you're playing this game, you're most likely no longer just an investor, you've become a speculator as well.

because it's really, really hard. If this was easy, if there was one formula, one way to do it, we'd all be zillionaires. One principle for sure would be get out of anything that falls below the 200-day moving average.

Some very wealthy people gain significance by hiding their wealth.

Don't lose money!" But for many investors, that means having to settle for mediocre returns in the Security Bucket.

Investing is 95% luck and 5% skill. And maybe if I'm wrong, it's 98 and 2. TR: Not to insult any active managers!

Many people have a lot of money but not much lifestyle. They spend their lives watching numbers accumulate in a bank account and miss out on the joy and enjoyment they can create and share along the way.

Not only will the vast majority (96%) of actively managed mutual funds not beat the market, they are going to charge us an arm and leg, and extract up to two-thirds of our potential nest egg in fees. But here is the kicker: they are going to have the nerve to look you in the eye and tell you that they truly have your best interests at heart while simultaneously lobbying Congress to make sure that is never the case.

Surprise, the returns reported by mutual funds aren't actually earned by investors.

And finally, we learned that wealth without risk is a possibility. Sure, there is risk in everything, but we learned that certain structures will allow us to participate when the market goes up and not lose when it falls!

And most individual investors pay too much for the privilege of being average.