The Stupidest Thing You Can Do With Your Money

The stupidest thing? There are so many options here. Freakonomics looks at a few. One is the mention of the 2% fee that hedge funds charge. They also mention Buffett’s comment, “If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle.” Bogle pushed heavily to get people into index funds. Today, more money flows that way than ever before.

Flows out of actively managed U.S. equity mutual funds leaped to $264.5 billion in 2016, while flows into passive index funds and ETFs were $236.1 billion, according to data provided by the Vanguard Group and Morningstar.

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When traveling, I haven’t stayed in many personal residences. For my wife’s big birthday, we went to the San Francisco Bay area and stayed in a very nice house overlooking the Pacific ocean in Marin County. We also spent a week in a lovely flat across from the Louvre Museum in Paris. These were both lovely; we had excellent experiences. As such, we might travel this way again in the future. Some people are living this way full time. There are people essentially living on cruise ships. One gentleman has lived on cruise ships for the past twenty years. A couple has essentially done the same thing on land. Meet the adventurous couple who has spent the past 4 years living in Airbnbs around the world for under $90 a night. Spending about $90 a night is the equivalent of about $2700 / month. Considering that many apartments in large cities with cost you that much, it’s not a bad idea if you are adventurous and are able to work remotely.




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