In the world of investing, there are countless strategies and techniques that promise to help you achieve financial success. From day trading to options trading to value investing, the options can seem overwhelming. However, there is a growing movement of investors who believe in the power of simplicity and minimalism when it comes to their investment strategies.
These investors, known as investment purists, believe that by simplifying their investment approach and reducing fees, they can achieve better long term results. By focusing on the fundamentals of investing and avoiding unnecessary complexity, they aim to maximize their returns and minimize their costs.
One key aspect of the investment purist philosophy is the importance of reducing fees. Fees can eat away at your investment returns over time, so it's crucial to keep them as low as possible. This means avoiding high cost mutual funds and actively managed funds, and instead opting for low cost index funds or ETFs.
Another aspect of the investment purist approach is to focus on the long term. Instead of trying to time the market or chase short term gains, investment purists take a buy and hold approach, staying invested for the long haul and weathering market fluctuations.
By simplifying their strategy and reducing fees, investment purists believe they can achieve better results over the long term. They understand that investing doesn't have to be complicated to be successful, and that sometimes less is more when it comes to building wealth.
So, if you're looking to enhance your investment strategy, consider taking a page from the investment purist playbook. By focusing on simplicity, minimizing fees, and taking a long term view, you may be able to achieve better results and build a more secure financial future.