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Investing has been simplified to the point that you buy a single low cost target retirement fund and call it a day. You don't need to know more than that. The n
by dlp211 6y ago
Investing has been simplified to the point that you buy a single low cost target retirement fund and call it a day. You don't need to know more than that. The next step is to of course replicate that target date portfolio using the individual funds, thus reducing the expense ratio. Anything beyond that is pure luck for the vast majority of investors.
- asdff 6y agoIts not that simple, retirement funds are complicated and can be more complicated if you work in different jobs/public or private sector, etc. Maybe you can only put in a certain % of your paycheck. Maybe you can't touch the money without a certain penalty. There are tons of complex rules compared to essentially venmo with equities and crypto.
- dlp211 6y agoWho said anything about using retirement accounts. I said use target date mutual funds. You can buy the Vanguard 2055 TR in a normal brokerage account. You can also get it in an IRA. I will admit that 401k and equivalent accounts can be a pain because you don't get to pick the available funds, but that wasn't the original issue being discussed.