The JL Collins Simple Path to Wealth Portfolio is one of the simplest lazy portfolios around. Here we’ll take a look at its components, performance, and the best ETFs to use in its implementation.

80/20 Simple Path To Wealth Portfolio for M1 Finance: https://optimizedportfolio.com/go/collins-80-20

// TIMESTAMPS:

00:00 - Intro
00:11 - Who Is JL Collins?
01:18 - What Is the Simple Path To Wealth Portfolio?
01:51 - Performance
02:17 - Criticisms
05:56 - Constructing the Portfolio with ETFs
06:40 - Conclusion & Outro

// SUMMARY:

Collins is very much a Boglehead – a follower of Jack Bogle, the father of index investing and founder of Vanguard. Collins lays out his personal experience and success with low-cost index investing with a long-term approach instead of focusing on short-term shiny objects. Like Bogle (and me), he staunchly opposes things like day trading, active management, market timing, etc. that can seduce novice investors for far too long.

JL Collins advocates for frugality, planning, diversification, and low-fee investing as “a simple path to wealth.” Can’t argue with that. Long-term approaches and lazy portfolios like these are admittedly boring, but that doesn’t have to be a bad thing. Bogle espoused the “majesty of simplicity.”

The Simple Path to Wealth Portfolio is precisely that. Collins suggests one needs only one index fund – the total U.S. stock market – for that path, allowing you to be fully diversified across all sectors and cap sizes. I’m not really sure how/why one can attribute a self-named portfolio to a single broad index fund that is just the total stock market of a country, but here we are. The JL Collins Simple Path to Wealth Portfolio is just the U.S. stock market.

The general Boglehead philosophy of index investing put forth by JL Collins is great. His specific investing advice is perhaps not so great. My criticisms above may sound harsh, but I find it strange that someone would draw hard, subjective conclusions and publish a book without taking a few minutes to look at some data.

Granted, again, it’s meant to be “simple” and his beginner audience would not be expected to challenge him on his positions. So in short, diversify globally and add bonds (asset allocation) based on your personal time horizon and risk tolerance. In other words, consider the Bogleheads 3 Fund Portfolio.

80/20 Simple Path To Wealth Portfolio for M1 Finance: https://optimizedportfolio.com/go/collins-80-20

Read the blog post here: https://www.optimizedportfolio.com/jl-collins-simple-path-to-wealth-portfolio/

#investing #lazyportfolio #lazyportfolios

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