Chris Pedersen talks with Ed Fulbright, CPA, on Ed’s “Mastering Your Money” podcast, about the 2 funds for life strategy he developed as Director of Research for The Merriman Financial Education Foundation, and his new book, 2 Funds for Life: a quest for simple and effective investing strategies. Chris tells the story of how Paul Merriman’s meeting with Jack Bogle, the founder of Vanguard and father of index funds, led to his development of 2 funds for life. The challenge was to greatly simplify Merriman’s Ultimate Buy and Hold strategy so it is accessible to everyone. At the same time, keeping the simple strategy massively diversified and tilted toward maximizing return and minimizing risk, while adjusting for a lifetime so the risk is automatically reduced as people age. Chris also talks about the challenges of approaching retirement, some steps he took to minimize anxiety and transition to retirement, the best advice he received, and about risk and the importance knowing your own tolerance.
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