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Read about Jack Bogle’s (founder of Vanguard) “3 fund” approach.
• US Index 70%
• International Index 20%
• Bonds 10%
(These are not set in stone and you can add real estate and a speculative position as you want, but it’s a good place to start)
Max retirement accounts because they are shielded from capital gains tax.
Max HSA because it can be treated as a retirement account in retirement and is shielded from capital gains tax and income tax.
I don’t have a channel or anything I follow, this is just from years of searching and piecing together. But check out K2’s BogleHeads link.
The BogleHeads are a group who follow Jack Bogle’s 3 fund approach. They have some books and some forum or something.
Another critical component is ‘fees’. Managed funds charge fees and over the life of the investment, compound just as interest, and it can eat your portfolio alive - hence the low cost index funds on autopilot.
The easiest long-term strategy is "Buy the market" which is as easy as opening an account with any broker (Schwab/IBKR/Fidelity/Robinhood/Ameritrade/etc.), and buying as much VTI/VOO/SPY (doesn't really matter which one) as much as you can, and hold it as long as you can
This strategy is easy, cheap (low fees), fast, flexible (you can liquidate and withdraw all your money in days if and when you need to), and beats out most professional money managers
Appreciate the response, can you also share in few resources you actually refer
Meta, the time is now 😁 it’ll be over 400 in the next 5 years don’t @ me
Rising Star
Tell us you are bagholding without telling us
This should help…
https://www.bogleheads.org/wiki/Prioritizing_investments
Emergency funds in HYSA (later on might consider I bonds and short term treasuries for a portion of it)
Long term investing: VTI & VXUS index funds
Make sure you are maxing out 401k, HSA, IRA, etc.
I appreciate the response, can you share few articles that can be useful as a startup guide for me to start slowly put my money in the world of investing.
Speak to your bank, I’m sure they have investment plans
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