Getting a good investment outcome is not about getting a leg up on the competition. Superior skill or intellect (measured in IQ) does not lead to superior investment outcomes (quite the opposite in fact).

Bucketed portfolios of money can help you settle short-term and long-term needs, but often can be a bit of a hassle. However, there is a way to gain those advantages in a fuss free manner by integrating them into a single portfolio.

Ronald Read died at age 92 with assets over US$8M. Having worked as a gas station attendant for over 20 years and later swept floors at a department store, many were shocked at his accumulated wealth. There is no other industry in the world besides investing where an inexperienced person is able to get a leg up on the best and brightest. Why is this so?

In the face of predictions about an upcoming recession, here are some actions you can take without touching your investments.