When Diversification Dies

Optionality for optionality's sake.

Welcome to Young Money! If you’re new here, you can join the tens of thousands of subscribers receiving my essays each week by adding your email below. I have a simple investing process that I like to call “index and chill.” It goes something like this: First, I invest in an S&P 500 index fund. Second, I chill. Simple, no? The reason that I “index and chill” is as follows. Two years ago, I experienced the pinnacle 23-year-old male rite of passage: a successful day trading run that led me to believe I would be the next Druckenmiller, and an ensuing unsuccessful run where I nearly blew all…

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