Automatic Millionaire: 123 Book Meme
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I got tagged by Moolanomy over the weekend to participate in the 123 Book Meme.
The rules:
- Pick up the nearest book (of at least 123 pages).
- Open the book to page 123.
- Find the fifth sentence.
- Post the next three sentences.
- Tag five people.
The book closest to me was David Bach’s The Automatic Millionaire
page 123 are:
“Why balanced funds and asset allocation funds make sense: An asset allocation or balanced fund does all the work for you, offering the right mix of cash, bonds, and stocks in one fund. As a result, these kinds of funds make the process of investing really easy.”
I agree. In fact, I recently moved the funds in my 401K from five different funds to one target-date fund, which is properly balanced and automatically adjusted for someone retiring around 2040. I read David’s book a couple of years ago, but have picked it up again. I love the simplicity of his plan for retiring rich. I plan on doing a book review soon.
Photo: by One Good Bumblebee
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