Passive Investing: Books and First Steps
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Passive investing relies on broadly diversified funds and low costs instead of stock picking.
The key points
- Read a basics book on index funds.
- Understand costs and diversification.
- Set a long-term plan.
- Invest regularly and do not react to every price swing.
Recommended product
The Simple Path to Wealth (JL Collins)
An accessible guide to long-term investing with low-cost index funds, written in a conversational style.
Bottom line
The step you will probably feel first: read a basics book on index funds. Start with one point, check the result after a few weeks, then build on your plan.