150 | Something is Missing

Two clients had been invested in US-based index funds and experienced close to the best possible investment returns for an aggressive, diversified portfolio over the previous 8 to 10 years.

But that uneasy feeling that everyone has with money hadn’t gone away - something was still missing.

Of course, the natural reaction is to assume that they hadn’t reached enough or that some arbitrary amount of more would plug the hole.

But that reasoning begins to break down when you learn that one had $300,000 and the other had…

$30 million.

We are talking about squeezing every bit of return out of a decade, and still longing for something else.

It’s hard to think of more compelling evidence that investments are in fact a distraction.

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149 | The Last $10,000