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If you find investing difficult and onerous, you should stop after this step and instead spend your free time doing something you really enjoy (after all, isn't that what FIRE is all about?).

If you have the desire and think you have the aptitude to pursue active investing, then you should start a small active account, while continuing to contribute the lion's share of your savings to the passive indexing approach. For example, start a Roth IRA through a discount broker like Ameritrade, contributing up to $3,000 annually while continuing to plow 3-4 times that amount into your 401(k) index funds. You'll inevitably go through a learning curve, and there's no need to draw down your entire nest egg while you're learning.

I hate to be a party-pooper, but I take umbrage to this statement. Index funds are not only for people who think investing is "boring" or "difficult." I'd spell out what I think, but I've already posted it on another board, so I'll just include the link:


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