The Dead Man Fund
This is quite sad.<p>One thing i&#x27;ve been shocked by over the years is how often even well educated, highly intelligent individuals have a very poor education in personal finance and make terrible decisions. Theres just so much noise out there and its still crazy how much of the investment management industry exists despite showing negative value. If I had to sum up personal finance advice for the average person in a few bullets it would be this.<p>1. Invest in a well diversified portfolio that pays very low fees (vanguard funds for instance)
2. Do not try to time the market
3. Save as much as you can as early as you can - maximize your 401k&#x2F;ROTH contributions
4. Never carry a balance on your credit card from month to month<p>And yet so much goes wrong...