Best investment/finance advice you've ever received.

Question

What's the best investment advice you've ever received that also worked out for you and if you can tell who gave you the advice?

JumpinJack_Cash · Accepted Answer

If you enjoy using a vehicle type that has reached the absolute pinnacle of its developement just buy one , treat it good and do proper mantainance, you'll never have to buy another one for the rest of your life.
True for motorcycles, jetskis, skateboards, rollerblades, road bicycles, downhill mountain bikes, light/ultralight planes and helicopters.
There is very very little left to invent for the aforementioned vehicles and design is mostly forced by the physics of the envioronment they operate in.
Figured I'd share something pertaining to the finances of stuff as no doubt lots of comments will focus on the stock/bond/real-estate market.

layer8 · Answer

Regularly put xx% of your earnings into a world index ETF, for money you won&rsquo;t be needing for the next 10-15 years. Widespread advice. More here: https://www.bogleheads.org/wiki/Getting_started

djbusby · Answer

My finance advisor said load up on index funds (eg:VOO) for a stable base-portfolio.When angel investing you'll need 20 deals to finally get a big winner.

Best investment/finance advice you've ever received.

What's the best investment advice you've ever received that also worked out for you and if you can tell who gave you the advice?

Regularly put xx% of your earnings into a world index ETF, for money you won’t be needing for the next 10-15 years. Widespread advice. More here: https://www.bogleheads.org/wiki/Getting_started

My finance advisor said load up on index funds (eg:VOO) for a stable base-portfolio.
When angel investing you'll need 20 deals to finally get a big winner.