Week 51 Day 7: Complexity: The Enemy of Good Enough

The financial industry profits from complexity. They sell complicated products (variable annuities, structured notes, alternative funds) with high fees and opaque terms. You do not need any of them. A...

The financial industry profits from complexity. They sell complicated products (variable annuities, structured notes, alternative funds) with high fees and opaque terms. You do not need any of them. A three-fund portfolio (VTI, VXUS, BND), a budget, automatic contributions, and annual rebalancing will outperform 90% of all investors. Simplicity is not a compromise. It is the optimal strategy for nearly everyone.