Yol · 12 Stations · 12 days · Money

Invest for the long term

You become a calm, low-cost long-term investor with a written plan you can hold through crashes, without needing hot tips or market forecasts.

No stock tips and no get-rich-quick. In 5 minutes a day you'll learn why time and low costs do most of the work, how to own the whole market cheaply, and how to set a mix you can actually hold when prices fall. The books are mostly American, so you'll translate accounts and taxes to where you live. It's a way to think and plan, not personal financial advice.

Index investingRisk and time horizonCosts and feesBehaviour under volatilityA simple plan you keep

Play Station 1 — free, ~5 min, no sign-up →

The road, station by station

0 of 12

01Time is the engine, not brilliance
~5 min
from The Psychology of Money
Today’s Station — start →
02Investor or speculator: draw the line
locked
from The Intelligent Investor
03Why the market is so hard to beat
locked
from A Random Walk Down Wall Street
04Costs compound too, just against you
locked
from The Little Book of Common Sense Investing
05Buy the haystack, not the needle
locked
from The Simple Path to Wealth
Milestone
Know what your funds really cost
Look up the expense ratio of every fund you hold or are considering, work out what it would cost on your balance over 30 years, and write down one broad, low-cost index fund you can actually buy where you live.
06Your deadline decides your risk
locked
from A Random Walk Down Wall Street
07A stocks-and-bonds mix you can actually hold
locked
from The Intelligent Investor
Milestone
Set your mix and your rebalancing rule
Choose a stocks/bonds allocation that fits when you'll need the money, and write down the rebalancing rule you'll follow, such as once a year or whenever the mix drifts by more than 5 points.
08Meet Mr. Market: a price is an offer, not an order
locked
from The Intelligent Investor
09Volatility is the ticket price, not a penalty
locked
from The Psychology of Money
10Crashes will come: rehearse your move now
locked
from The Simple Path to Wealth
11Leave room for being wrong
locked
from The Psychology of Money
12Write One Page, Then Let It Run
locked
from The Simple Path to Wealth
Milestone
Write the plan, switch on autopilot
Finish your one-page investing plan, including exactly what you'll do in a 30% crash, and set up one automatic recurring contribution into your chosen fund.

Built from these books

The Simple Path to WealthJL Collins
The Little Book of Common Sense InvestingJohn C. Bogle
The Intelligent InvestorBenjamin Graham
A Random Walk Down Wall StreetBurton G. Malkiel
The Psychology of MoneyMorgan Housel

Stations are original editorial syntheses of ideas from these books — never replacements for them. If a Station earns its keep, the book deserves your shelf.

This Yol is for you if…

You have a steady income and money you won't need for at least five years.
Your high-interest debt is under control, or you have a plan for it.
You know you 'should invest' but feel stuck between jargon, hot tips and fear of losing money.
You want a simple, low-cost approach you can stick with for decades.

…and honestly not if

You want to trade actively or pick winning stocks.
You're looking to get rich quickly.
You want someone to tell you exactly what to buy.

The pages behind this Yol

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