Well here\u2019s the main point of Dad’s guidance. I’ll call it the “FFF method”.<\/p>\n\n\n\n
This is the bare minimum concept – the rest of this book is how to apply it throughout life, and why it wins:<\/p>\n\n\n\n
Put any available money into buying shares in low cost, index tracking investment funds\/companies. Currently his best examples are on the Aus sharemarket as ILC and IOZ.<\/mark><\/strong><\/p>\n\n\n\n These track the top 200 companies of the ASX, with low management fees, that pay decent dividends (comparatively).<\/p>\n\n\n\n ….Then, continue buying them. <\/p>\n\n\n\n Take advantage of market crashes by buying more. <\/p>\n\n\n\n When you come into a chunk of money, buy some more. <\/p>\n\n\n\n When you’re can’t invest in much, but have a little to put away… buy some more. <\/p>\n\n\n\n When you’re saving up for something, a trip one day, or a house, even a house that you don’t have any idea of at the moment but think you’ll probably want to get on in 5, 10, 20 years…. buy some more. <\/p>\n\n\n\n When a kid gives you attitude?…. buy some more. You get the idea. <\/p>\n\n\n\n This book will explain how to do it. It will also describe the typical things that make it difficult, and how to overcome them. But it will show how this method wins. <\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n This method is actually what Google or ChatGPT tells you (I just did this) when you ask:<\/p>\n\n\n\n “what should I invest in that will provide long term growth?”<\/p>\n\n\n\n Answer:<\/p>\n\n\n\n If your goal is long-term growth (10+ years)<\/strong>, the answer isn\u2019t a single \u201chot investment\u201d \u2014 it\u2019s a strategy + the right asset mix<\/strong>. The data is very clear: equities (stocks) outperform most other assets over long periods<\/strong>, often around ~7\u201310% annually on average.<\/mark><\/p>\n\n\n\n