Customer Quote by J.L. Collins
““We can learn to think in this same way. Again, let’s use VTSAX in exploring this idea. Suppose yesterday you said, “Mmm. This idea of owning VTSAX makes sense to me. I’m gonna get me some.” And having said that, you sent Vanguard a check for $10,000. At yesterday’s close the price of VTSAX was $53.67. Your $10,000 bought you 186.3238308 shares. If VTSAX shares are trading at $56 per share a week from now, you might say, “Mmm. My $10,000 is now worth $10,434. Yippee. Mr. Collins sure is smart.””
About This Quote
Source Book: The Simple Path to Wealth, 2016
Investing a fixed amount in a low‑cost index fund can grow modestly over time, illustrating the power of patience and compounding.
In simple terms: Consistent investing in cheap index funds builds wealth gradually.
Key Takeaway
Invest regularly and let compounding work for you.
Themes
finance
investing
patience
Mood
hopeful
analytical
Type
financial advice
motivational
When to use this quote
- retirement planning
- budgeting
- financial education
Key Concepts
compound interest
index fund
behavioral finance
Questions to Reflect On
- How can you stay disciplined during market swings?
- What strategies protect against emotional investing?
A Different Perspective
Market volatility can affect short‑term returns, and emotional reactions may derail the plan.
