You can’t put a price on freedom; or maybe you can ($598 billion per year). In other words, there’s nothing wrong with spending tax dollars to maintain American exceptionalism. While we may allocate more money to defense each year than the next 13 countries combined, and develop technologies decades ahead of our enemies’ capabilities, the costs associated with a predominantly Russian or Chinese global sphere of influence are far higher.
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In my previous article, Getting Back To Basics, I explained why long-term investing is a viable strategy for new investors and provided numerous examples of basic investment fundamentals. This week, I aim to build upon those fundamentals by introducing two more investment concepts, diversification and index investing, while also describing how exchange traded funds (ETFs) help investors mitigate risk.
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