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>, and even if they tried, they probably couldn't For instance near as I can tell it takes like 10 grand to get into an index fund. Even if that didn't represe
by Avshalom 11y ago
>, and even if they tried, they probably couldn't
For instance near as I can tell it takes like 10 grand to get into an index fund. Even if that didn't represent years of savings for most families there are so many things that 10 grand needs to be used for before [[2-5%/y return on investment over 20-30 year period IF the market doesn't crash shortly before you need to start drawing on it]] is a compelling proposition
- astrange 11y ago$10k is the starting investment for the nicer classes of some mutual funds, but those are completely obsoleted by ETFs. You can buy those as soon as you have $50 for one share and brokerage fees.
- zeckalpha 11y agohttps://www.betterment.com/ https://www.betterment.com/ has a much lower minimum, but your point stands.
- akeck 11y agoYou can buy Vangard market index ETFs. VOO is their S&P500 ETF and BND is their bond ETF. Maintaining a 60/40 split of VOO/BND is hard to beat over long time frames. Substitute VYM for VOO for more cash flow at the expense of higher volatility.