We Study Billionaires - The Investor’s Podcast Network TIP788: Simple Investing w/ David Fagan
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Feb 1, 2026 
David Fagan, investor, accountant, and author who focuses on simple, tax-efficient wealth building. He makes the case for indexing and why it fits most people. They discuss asset allocation and easy rebalancing rules. He explains the overseer role for family portfolios and how missing a few percentage points can push retirement years later.
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Why Indexing Captures Market Winners
- Index funds own the winners because a tiny number of superstar companies drive most market returns.
- Buying the whole market ensures you capture those winners without needing to pick them.
Turnover Costs Erode Returns
- Portfolio turnover and taxes can shave about 2% off gross returns each year.
- Low-cost, low-turnover indexing preserves returns by reducing fees and tax drag.
Indexing As A Shock Absorber For Entrepreneurs
- Entrepreneurs often already have concentrated risk in their business, so public portfolios should provide stability.
- Indexing acts as a shock absorber while owners focus on their businesses.
