Vanguard's Six Rules of Successful Investing

This guy's Personal Finance Blog  doesn't leave much to the imagination.  He pretty much opens his entire financial life to the world.  Apparantly, he wants to retire at 36 with $1,000,000.  Well, fortunately for him, he plans to move back to China to retire.  It would be a bit more difficult to retire in America at 36 years old and then expect to live another 50 years in retirement on only $1,000,000.  Although I wouldn't be bonehead enough to put every freakin detail of my financial life out on the internet, you have to somewhat admire the guy for his sense of discipline and desire to meet a noble goal.  It's always helpful to observe how other folks go about meeting their financial objectives.

Don't be fooled by this bonehead.  Frequent stock trading is one of the worst things you can do.  This guy fails to mention the thousands of dollars he is paying in transaction fees.  Why do you think he asks for donations from visitors to his site simply to view his stock purchases everyday?  What an idiot.  I can almost assure you this is one of those 28 years wussies who has never had to work a day in his life.  Mommy and Daddy have bankrolled this moron since he turned 18.  Our society is so deadset these days on the short-term that it's hurting everyone over the long-haul.  If one is serious about making sound investment decisions and are disciplined enough to keep the long-term in mind, then an organization like Vanguard is the way to go.  This document is an excellent starting point.

Vanguard's Six Rules of Successful Investing

Live Beneath Your Means

Diversify

Keep Costs Down

Remember Taxes

Buy and Hold for the Longrun

Know Yourself