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Max out all tax advantaged accounts. Keep your investment costs low, i.e. no mutual funds, or hedge funds, just invest in a diversified bucket of ETFs.* If yo
by wtvanhest 8y ago
Max out all tax advantaged accounts. Keep your investment costs low, i.e. no mutual funds, or hedge funds, just invest in a diversified bucket of ETFs.*
If you seek financial advisory help, go with a "Fee Only" FA, and be ok spending thousands of dollars for impartial advice. IMO, if you have over about $500k saved, it is probably time to talk to someone.
Make sure you have the right insurance, disability, and life. Disability should cover you in case you can no longer do YOUR job, not just any job. Life should cover your dependents/wife etc.
Avoid timing the market. Evidence has shown that this doesn't work for anyone but the extremely lucky.
*diversification gets hard, and you may need to pay for advice once you reach a certain level of assets (probably around $500k).