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Statistically, your 18 year old would be much better off in a Vanguard broad market index fund. The chances that they’re going to pick 5 companies that outperfo
by ryanwaggoner 7y ago
Statistically, your 18 year old would be much better off in a Vanguard broad market index fund. The chances that they’re going to pick 5 companies that outperform the market is pretty remote.
- chrisgd 7y agoBut a concentrated portfolio is actually more likely to beat an index. So besides a 401k, do what I suggested
- ryanwaggoner 7y agoGot a source on that? It contradicts most research I've seen. Obviously the right concentrated portfolio will beat an index...but that's the trick, isn't it?