We're here at Bogol Hesnine with our mentor Jack Bogol Jack. Thanks for speaking with us. Always my treat. Thank you One of the striking things that I heard you say at my first one of my first meetings was that you could teach Just about everything about investing in just a few minutes If I were to put you in front of every single person in the country for those few minutes What would you say to them? Well, I'd say first invest you must if you don't put money away. You'll end up with nothing pretty clear How to invest Don't make it any more complicated that is own stock market and own the mon market and you can own the stock market through an own market index fund You can own a bond market through an all-month market index fund and That's the most sensible way to invest and you have to figure out kind of for yourself If you're young you want to be very heavily towards stocks if you're old and you've got more wealth Less appetite for risk need income more you want to lean tilt heavily the bonds It's a lifetime asset allocation struggle and just make sure the funds you buy are low cost don't pay sales loads Watch out for funds that have high turnovers index funds do not Makes sure you have very very low cost operating costs and zero management cost Which you do in index fund and then be careful of tax efficiency this trading is Very expensive in Texas and that's a devastating long term investment returns So it's the bond market and the stock market and get the cost out of the equation and I guess my final piece of advice would be Don't peak Just put your money away month after month after month after month after month and don't look and you start when you're 20 and retire when you're 80 which I'm thinking about doing but haven't decided to do it yet And you see what that account is worth in the 60 years you aren't gonna believe it Throw everything else out of the way That sounds like fantastic advice the so when when you're tempted to peak On your worst when you're tempted to do something in your in response to everything else going on What should we do? How how do we avoid that well is the you know this is great sort of American ethic that we can always win and The great statement is Don't just stand there do something and my advice is don't do something just stand there and Because we get most excited and most depressed and most likely to sell when the market is low and We get most elated and most optimistic when the markets are high when the market is low You're tempted therefore to sell when the market is high you're tempted to buy so don't try and tie in the market And I've often said that I don't know how to time the market. I don't know anybody who has ever been able to time the market successfully And I don't even know anybody who knows anybody. It's time the market successfully. That's a lot of people But last thing you your career spans 60 60 years and you've done a lot of amazing things and achieved quite a bit in that time 50 60 years from now What would what would you want people to Remember about you or remember by your accomplishments or achievements Just put a lot of time thinking about that, but it would be something like He was an ordinary person who did his best