To achieve our #imapGoal we aim to follow a simple, holistic, and easy-to-understand methodology, useful for anyone that has or has not previous investments knowledge.
This methodology will be mainly driven by two people that have been one the most influencial in the investments history: Benjamin Graham and John C. Bogle.
Benjamin Graham was an economist, professor and investor widely known as the "father of value investing". His investment philosophy stressed investor psychology, minimal debt, buy-and-hold investing, fundamental analysis, concentrated diversification, buying within the margin of safety, activist investing, and contrarian mindsets. One of the most famous disciples is Warren Buffet and you can learn about his teaching in the book The Intelligent Investor.
John C. Bogle was an investor, business magnate, and philanthropist credited with creating the first index fund. He preached investment over speculation, long-term patience over short-term action, and reducing broker fees as much as possible. From his ideas it has been created one of the most popular investments philosophies, called The Bogleheads.
We will be then using their valuable teachings to reach our #imapGoal.
This methodology in #imap will have 3 main components:
Develop a workable plan, where we will be looking to select simple and diversified investments, that provide us a fitted risk, that don't cost us much and that are tax efficient.
Follow the plan, without trying to time the market, being disciplined and keeping costs low.
Re-plan the course, when your context or your own circumstances change.
In the coming pills we will be talking more detailed about how to go through each of these steps. If you are already committed to achieve your #imapGoal, you can start defining your #imapGoal.
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