Index investing for financial independence - with JL Collins (Part 1 - 2020)

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JL Collins is the author of The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich Free Life (https://www.thesimplepathtowealth.com/) and the blogger behind of the famous Stock Series on https://jlcollinsnh.com. He is also known as the Godfather of Financial Independence!

In this incredible interview, JL tells us about his experience as an index investor, the power of index investing and how to get started! He also shares his approach to FU Money and financial independence.

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INTRO
0:00:00 Index investing for everyone - with JL Collins (by Sebastien Aguilar for FIRE Belgium)
0:02:53 How do you define FU money and how do you define financial independence?
0:05:24 How has the concept of FU money impacted JL Collins' life?
0:08:44 What does money mean to JL Collins?
0:09:40 What's the key to a high saving rate starting early?
0:13:14 What has been the most unexpected outcome of JL Collins' blogging / writing life?
0:16:08 What was your most interesting encounter in the past few years?

INVESTING
0:18:05 JL Collins Investment Philosophy
0:19:05 What makes an Index Fund JL's favourite way of investing?
0:25:52 How did JL change from being an active stock picker to index investor?
0:32:21 How does JL convince active investors to become index investors?
0:35:14 How should a beginner investor approach index investing?
0:36:24 Should an investor change their strategy based on the market behavior?
0:44:56 How to stay the course against the media news screaming sell!?
0:48:30 How to become famous? ;-)
0:49:09 How can investors better stay the course?
0:50:49 What is the difference between speculating and investing?
0:52:56 How does JL suggest people determine their risk profile and asset allocation?
1:00:41 What is the 4% rule of thumb/guideline?
1:06:12 There is a lot of talk of the market being overvalued, disconnected from the real economy. What does JL think of that?
1:09:36 Are there any pieces of research or evidence on index investing being better than active management of funds, that JL likes to refer to?
1:10:53 What happens if everybody begins index investing?

FINANCIAL INDEPENDENCE
1:14:22 The Godfather of financial independence!
1:16:20 Where is the FI movement going in the future?
1:20:04 How can FI make the world a better place (beyond financial education)?
1:28:43 What other topics is JL passionate about?
1:36:52 What is the one thing JL wants YOU to remember from this conversation?
1:38:06 What is one action JL wants you to take?
1:39:26 What is the best way for people to follow JL's work?

QUESTIONS FROM THE AUDIENCE
1:41:32 Your book you say studies indicate 10-25% in bonds provides a better result than 100% stocks, but you still recommend 100% stocks. Could you explain?
1:44:28 If you were younger (or a European) would you still be 100% invested in the US stock market or would you add some European and Asian stocks?
1:48:43 When it comes to delayed gratification, how do you manage to find the balance between money to spend today and money to spend in 20 years?
1:51:22 When there is a 'crash' - is it a good idea to double down?
1:53:45 How do you become financially independent if your invested money is locked away in ETFs? Do you start taking out money at one point?
1:55:44 Given the historically low returns on bonds do you still see a role for them as part of the portfolio?
1:59:24 Do you think it's a mistake for many governments in developed countries to stimulate home ownership? Is it unfair to people preferring to rent and own stocks?
2:03:30 Are you worried about the extreme monetary policy interventions that seem to be the norm in the US and around the world nowadays?
2:08:52 Safe withdrawal rates: what strategy do you recommend?
2:12:20 How much cash do you hold (emergency fund)?

END
2:13:52 How amazing is it that we get to learn from JL Collins?!
2:14:36 COMMUNITY PICTURE and THANKS TO JL COLLINS!

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Music: Tobu, Wholm & Blume - Cool
http://youtube.com/tobuofficial

Видео Index investing for financial independence - with JL Collins (Part 1 - 2020) канала Sebastien Aguilar - The FIRE Belgium Show