Quotes About Strategy

Think about your financial objectives and know what type of financial services you need. Knowing what you need will not only help you find the professional that's right for you, but it will also help prevent you from paying for services you don't want.

Every day you don't invest is a day less you'll have the power of compounding working for you. Put together an intelligent investment plan and get started. If you need help, seek out a good financial planner to assist you.

Market timing is a poor substitute for a long-term investment plan.

It turns out that an investment of $601 at the beginning of each month in stock index funds, coupled with an average annual return of 10 percent, grows to the sum of $1,249,655 in 30 years. Incidentally, $601 a month is approximately 28.9 percent of a yearly salary of $25,000. And in case you might be wondering, yes, the math works the same for everybody.

Being a Boglehead requires planning, commitment, patience, and long-term thinking.

As an investor you can be well above average by settling for slightly less than the index returns.

Use tax-loss harvesting in your taxable account as part of your rebalancing strategy. If you have losers to sell, then sell them prior to December 31, so you can get the tax benefits on this year's tax return. If you have winners to sell in your taxable account, you might want to wait until after January 1 to sell in order to push the tax bill into the following year.

Indexing via low-cost mutual funds is a strategy that will, over time, most likely outperform the vast majority of strategies.

Paul Farrell, columnist for CBS Marketwatch and author of The Lazy Person's Guide to Investing: "So much attention is paid to which funds are at the head of the pack today that most people lose sight of the fact that, over longer time periods, index funds beat the vast majority of their actively managed peers.

Jason Zweig, senior writer and columnist at Money magazine and coauthor of the revised edition of Benjamin Graham's classic, The Intelligent Investor: "If you buy-and then hold-a total stock market index fund, it is mathematically certain that you will outperform the vast majority of all other investors in the long run. Graham praised index funds as the best choice for individual investors, as does Warren Buffett.

Whenever possible, we will use index funds with their low cost and low turnover.

An index fund dooms you to mediocrity? Absolutely not: It virtually guarantees you superior performance.

With an index fund, the certainty of keeping up with the market is a very worthwhile trade-off for the possibility of beating it.

Rebalancing forces us to sell high and buy low. We're selling the outperforming asset class or segment and buying the underperforming asset class or segment. That's exactly what smart investors want to do.

Invest most or all of your money in index funds. Keep your costs of investing and taxes low.

The business aspect is one of the most important things about having a music career, because every choice you make in a management meeting affects your life a year-and-a-half from now.

With my near-total recall and my ability to correlate, I can assess a situation immediately, and choose the best course of action for my purposes; I'm never indecisive. Only theoretical topics pose a challenge.

Director of the CIA was aware of a terrorist group's plan to bomb the Washington, D.C., metro system. He let the bombing occur, in order to gain congressional approval for the use of extreme measures against that group.

Cartwright was a firm believer in the proposition that the best fight was one that was as unfair as possible.

Che Guevara's manual: Know the terrain; hit the enemy at its weakest; never use brute strength.

History is a tool used by politicians to justify their intentions.

we can develop willpower skills. It's more about strategy than grit or impulses. While we can't control what we think and feel, we can control what we do—which is where strategy comes into play.

Sports is like a war without the killing.

The only thing dumber than a pitcher is two pitchers.