John Bogle's philosphy.
I've yet to meet one person that has truly gotten rich off of trading in the market.
But I have met many individuals who have gotten rich by managing the money of those who pretend to trade in the market.
When it comes to the stock market, human nature drives us to want shortcuts. When in reality, the best way to hedge your risks is to simply grow your money pegged along with the entire economy.
There are much better ways to earn large sums of money than the stock market. I've never found the market to be a great medium for the quick generation of wealth. I think real estate would be a much more ideal vessel for wealth generation that can provide you financial security and Independence all through retirement. I also believe in owner financing of property, bonds and small business loans.
You want to tax free cash flow above all else and as little capital gains tax as possible.
Trading in the market can get you incredibly high taxes when you pull out too early (< 1 year).
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