I'm new to investing :
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How do you effectively plan for retirement?
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BBW got my number.
Any one like. to wear nosepin?
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You work at Deloitte and are hopefully bright, think for yourself 😁
So getting a second opinion or asking folks who know more than me is lazy ? If you have nothing to contribute, stay out of it . Thanks .
If you looking for a long term investment. I'll recommend you try out defi staking plan on for annual enrollment and then max out some probable metaverse tokens and do not touch it. If you need details on how to go about this. Feel free to send me a dm, I am happy to spend a couple of hours keeping you on the correct part at no cost!!
Excellent analogy MD, the only thing that could made it better would be a deck
Chief
Yes vanguard 500 index and VOO.
It’s a retirement account so yeah fire and forget and let the compound interest do the rest
Rising Star
What Md1 said. Can't go wrong with that.
Since the SP500 covers the top 500 listed firms, you might consider getting some exposure into mid and small caps firms. VO and VB, in a taxable brokerage account, will get you that. Or simply VTI, which is the total stock market index ETF, covering 3,000+ stocks.
Vanguard target retirement date fund! The expense ratio is .08% and the fund automatically rebalances as you approach retirement age
So splitting between the retirement age fund and 500 a good option or do you recommend putting everything into the retirement date fund ?
None of the answers apart from MD1 are useful
Yes to your first question
Yes to your second question. You can also choose to invest in VTI to have some more diversification instead of VOO
So like a 50 50 split between VOO and VTI or 75 25 ? And should I be worried about the current market or should I just keep investing every paycheck and time in the market will eventually work in my favor ?
TQQQ
It's might not be a good retirement plan, but trust me its a good investment to diversify and generate more gains staking your coins. The whole concept is making your coins work for you, not just holding it and risking them to the fluctuations.
The Vanguard is a safe bet for general returns, but don’t expect to beat the market by much at all. Go with ETFs