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Is it time to start building your financial portfolio? Thumbnail

Is it time to start building your financial portfolio?

Don’t let Wall Street get in the way of a good thing . . . like reaching your long-term financial goals. If you own common stocks, you are in for a wild ride, but then, the stock market is always a wild ride. 

Wall Street suggests it has products and strategies to harness the wild ride. That usually means more money in their pockets and less money in yours. Don’t fall for their schemes.    

When my first book was published twenty-two years ago, the Dow Jones Industrial Average (DJIA) was trading at about 9,000. 

When my second book was published in November 2020, the DJIA was trading at about 30,000. 

That works out to an annualized total return of about 8%. 

No prediction here, but if the DJIA maintains that performance, it will be trading at about 90,000 in twenty years. 

It will be a wild ride, as it was the past 20 years, shown in this worksheet produced by Dimensional Fund Advisors.

Coffeehouse Investors do all they can to capture as much of the market’s long-term return as possible. 

It starts by building a portfolio based on your financial plan, ignoring Wall Street, and getting on with your life. 

Isn’t it time you considered doing the same?