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I recently came across an excellent piece by Ben Carlson, discussing the concept of building wealth slowly. One thing that struck me is the publication date of the article: January 10 (i.e., immediately before the GameStop hullabaloo began in earnest).
In our household, we’re very much on the “build wealth slowly” train as well. We have a boring, diversified, low-cost portfolio. Changes to the allocation or the plan are rare. We’re never going to live in a $17-million penthouse mansion or fly around the world in a private jet. But I’m very confident that we’re on track to meet our goals without having to take undue risk to get there.
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