The nonsensical YouTube 3 fund portfolio strikes again.

Reminder: More funds ≠ more diversification. This is an unnecessarily convoluted, tax-inefficient way of recreating roughly 96% $VTI and 4% $VXUS, and the latter is doing almost nothing there, so let's round to 100% $VTI. Simplicity in portfolios can be extremely valuable.

People talking about and buying international stocks simply because they've crushed U.S. stocks YTD is a good example of the recency bias and performance chasing to which many investors succumb. I discussed such biases and tips on how to avoid them here: youtu.be/xgWYvVhiL4E?1

Any other homeowners regularly wake up in the middle of the night in a groggy stupor thinking you hear water dripping and frantically go check for leaks? Or just me?

Reminder: You should feel perfectly okay having no extra cash to deploy on red days, as that means you fully participated in all the green days up to that point. People excited to use their "dry powder" are doing some serious mental gymnastics and ignoring basic math.

Reminder: 1. The S&P 500 is 1 cap size of 1 asset class of 1 country. 2. The idea that owning ex-US int'l stocks is guaranteed to lower returns is false. 3. Investing for retirement is aiming for a high probability of a good outcome, not a low probability of a great outcome.

A common misunderstanding among novice investors is thinking more funds = more diversification. I call it "fake diversification." To illustrate, these 2 hypothetical portfolios are roughly the same thing. 1: 25% $VUG 25% $VTV 7% $VO 3% $VB 30% $VEA 10% $VWO 2: 100% $VT

$BOXX is still climbing at over $7B AUM now. Seems like this fund alone took Alpha Architect from a relatively esoteric targeted factor fund provider to a household name. Cool to see. Congrats, Wes Gray 🇺🇸. (I own $BOXX. Not an endorsement and no affiliation with AA.)

We found another YieldMax influencer. And no, I don't sell a course, but maybe I should make one on how to avoid flashy, potentially shady financial products and the grifters who push them.

Another example of bad mental accounting:

Same here in the U.S. where we call it a 401k.

The stock market tends to go up more than it goes down. That's the whole reason we're investing in the first place. For any given day, it is slightly more likely to go up than down. For a week, that probability is higher. A month? Even higher. A year? Higher still. About

Bad way to phrase this for engagement, but also simply false. Stocks are always risky and become less risky as one's holding period gets longer.

Vanguard has finally launched the $VTG ETF for the total US treasury bond market with a fee of 0.03%. $GOVT, the comparable fund from iShares that has been around since 2012, costs 0.05%. Brief summary of $VTG here: optimizedportfolio.com/vtg/

"forever income" lol the mental gymnastics of these guys is wild.

Income is a drag, folks. Is income tax inefficiency the price of diversification? There's gotta be a better way.

Republican version of this is trading now too. Ticker is $GOP.

Canadian Dividend Investing There's the rub, though. By definition, novices don't know how to discern between what is good and bad advice. I think your premise overlooks that fact entirely. As a recent salient example, just look at all the young people piling into sketchy, expensive "income" funds because