4 ms·
And that's why you should invest in low-fee index funds. You can't beat the market, so don't try. Just dump your money into a few good funds and ignore it for
by polyfractal 14y ago
And that's why you should invest in low-fee index funds. You can't beat the market, so don't try. Just dump your money into a few good funds and ignore it for 60 years.
You have to do something with your money. If you just stash it into a savings account you will literally lose money to inflation. A good mix of index funds (or target retirement-type funds) are probably the "safest" long-term savings you can do with your money.
You probably won't become a millionaire, but you probably won't be destitute either.
- kabuks 14y agoJust came across this article on three vanguard index funds to own for a 'diversified' portfolio http://www.forbes.com/sites/thebogleheadsview/2011/01/28/three-funds-to-own-now/ http://www.forbes.com/sites/thebogleheadsview/2011/01/28/thr...
- polyfractal 14y agoYep! In fact, the various Vanguard "Target Retirement" funds are simply different allocations of these three different funds. As the "retirement date" get's closer, it shifts more of the allocation over to Total Bond Market fund and out of Total Stock and Total International