Picking individual stokcs requires a lot of time , energy and knowledge.
Since I need to put my focus on the things that is working and brings income, I do not want to distract myself.
If this method can be broken down into steps, it would be
1. Decide your Asset allocation.
eg : US stocks 20%
US bonds 20%
Developed market 20%
Emerging Market 10%
REITS 20%
2. Pick low MER ETFs for each category.
3. Check & Rebalance your portfolio regularly.
4. No matter what happens stick to your asset allocation.
There are many books explaining this. "THe blogleheads' guide to investing" would be good start.
You cannot become like a next Warren Buffett with this strategy. But you can focus on the things you are good at, while your money is growing.
Picking individual stokcs requires a lot of time , energy and knowledge.
Since I need to put my focus on the things that is working and brings income, I do not want to distract myself.
If this method can be broken down into steps, it would be 1. Decide your Asset allocation. eg : US stocks 20% US bonds 20% Developed market 20% Emerging Market 10% REITS 20% 2. Pick low MER ETFs for each category. 3. Check & Rebalance your portfolio regularly. 4. No matter what happens stick to your asset allocation.
There are many books explaining this. "THe blogleheads' guide to investing" would be good start.
You cannot become like a next Warren Buffett with this strategy. But you can focus on the things you are good at, while your money is growing.