Why I don’t give investment advice

When people ask for advice on personal investing, I’ve found they are either looking for confirmation that what they do is great (it’s usually not) or some sort of secret sauce for outperforming the market (which doesn’t exist). So people are inevitably disappointed by the answer. The best advice for personal investing is simple and boring: Diversify, invest with a long time horizon, minimize churn and transaction costs, know your risk profile and liquidity needs.