We talk about saving time and killing time when actually we can't do either. We have no choice but to spend it at a constant and flowing rate.

It's important for you to understand that stock and bonds go up-and they go down. You need to be comfortable with that fact.

An asset allocation plan is based on your personal circumstances, goals, time-horizon, and need and willingness to take risk.

Knowing nothing about investing might be a benefit. You won't have to unlearn many popular beliefs propagated by Wall Street and the media that aren't true.

As for worrying about what other people might think - forget it. They aren't concerned about yours. They're too busy worrying about what you and other people think of theirs.

The things that get rewarded, get done

Index investing is an investment strategy that Walter Mitty would love. It takes very little investment knowledge, no skill, practically no time or effort-and outperforms about 80 percent of all investors.