How To Invest
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- čas přidán 21. 08. 2024
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Been watching, listening, and paying attention to all of predictions and forecasts since early Covid. He hasn't disappointed yet 👌
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figures in 3 months, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement
@@harrisonjamie794
lookup MARTHA ALONSO HARA , this is her name online, she's the real investment prodigy since the crash and has helped me recover my loses
@@BrunoLuke Despite the economic crisis and the rate of unemployment now is the best time to invest
@@harrisonjamie794 Investment now will be wise but the truth is investing on your own will be high risk. I think it will be best to get a professional👌
@@BrunoLuke Thank you, Going through her profile on her webpage out of curiosity, and surprisingly she seems proficient. I appreciate this.
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. All roads have pointed to the equity market of some sort which is a good idea buh where else should I put money besides the equity/stock market?
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Speaking with an advisor helped me stay afloat in the market and grow my portfolio to about 65% since January 2022, This helped me stay afloat and improve my portfolio of $450k in months.They have strategies that are specifically suited to your long-term objectives and financial aspirations.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you
I started out with a financial advisor called *Sharon Louise Count* Her honest approach gives me complete ownership and control of my positions, and her rates are incredibly affordable given my ROI. However, do your due diligence before contacting a financial advisor.
Scammers
No one gets hurt on a roller coaster ride except those who jump off. I gotta remember that one. Lol
Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
You really have it right. It's not timing the market, it's time in the market. Dollar cost averaging is the only reliable strategy. Do it!
What if the whole roller coaster collapses while you're on it?
Doopy Dingleberry if that happens you have much more to worry about than your investment money. That’s an apocalypse scenario. The rollercoaster always comes back in the long run
So good!!
Having multiple income sources is very crucial to financial growth.
I realized the benefits of investing during this lockdown. My source of income had previously been my job. But I lost my job when the pandemic started and I had to live with the little I had in my savings which really affected my plans.
@AnonymousBuster Sunshine This is exactly what I'm talking about. For the past four years, my income has never been dependent on any firm or work place, because I chose to invest and the more money I get the more I seek for new investment opportunities.
@@repliedbajapanesewithhanak6676 Unfortunately having a job doesn't mean security. So I really appreciate Expert Rex Coleman transparency and help on my trades.
I came across this name Rex Coleman, when I was really looking to start up some investments. But I wasn't given much information about him.
I wasted years by investing through my bank, lack of info prevented me from doing anything else. Daves caution of Paralysis is so true.
John Bogle has the best book on mutual funds period.
"Boglehead's Guide to Investing" is a good starter.
@@droptozro thanks for this...gotta add this on my list
Absolutely.
Pretty much all you need. VTSAX and chill.
Vanguard funds are perfect for the hands off investor
High quality funds with extremely low fees
I do Betterment robo investing low 0.25% fee.
@Roy Jones Jr. I invest in ETFs
This message is so relatable. It’s hard to jump in without knowing everything you want to know but all that research takes time and time away from you starting investing. I did this and finally just jumped in.
I see you just jumped in, how’s it going?
Idk the first thing about investing I’m very skeptical when it comes down to it , but Ramsey makes me feel a little comfortable about it.
This one is a classic. I come back to it again and again to help keep me in track.
Dave Ramsey is correct! He is honest and it might not sound nice, but you can tell he comes from a place of honesty and not trying to sell you something.
I opened up a Roth IRA with Betterment 90% stocks 10% bonds. my friend told me Betterment will adjust to more bonds less stocks as i get older. He also told me not to back out if it goes down a little (that it'll fluctuate sometimes -2% one year 10% another) and that time/decades in the market is better than trying to tome the market. I also put $10K into a all bonds account that i can pull out penalty free if needed.
I also believe small caps and REIT funds should be a part of everyone’s portfolio. Dave just highlights large caps (growth / growth income) and international.
He gives 4 of them. He only may explain 2 but many other videos and callers he talks about 4 of them. 1 is the slow basic one that never fully changes. 2nd is medium Cap. 3rd is high cap. Then international. At least in my head that's them. Lol didn't see a comment for 2 years thought I'd add.
Been consuming as much knowledge as you put out. Glad I started the new year finding your content. Refocusing my goals to baby step one and investing in things I know. Looking to start a blog sharing industry knowledge I've gained after leaving the Army. Thank you Sir.
Most mutual funds hold the same top 10 stocks plus many others but the big % is Apple, amazon, Google, msft and so on. Just diversify and always keep cash on the side in case we crash or loose your job and stocks are down.
They SHOULD know the expense ratio. Because then instead of having a net worth of 4.2, they'd have a net worth of 7.2
I was just about to comment this.
Dave gives a lot of good advise but when it comes to specific investments, don't bother asking. It is his job to sell you that information. Not saying he is bad or anything, you just won't get that stuff from on these videos.
See it’s easier to take Daves advice by using index funds. I’ve used VTSAX 100 percent of my investing sense 2009. Between 401k, Roth IRA, traditional IRA and brokerage I have put 20+ percent of my income in some combo of those and never bother to check it more than a few times a year at the most. Just do it!
I'm close to moving money I have in a mutual growth fund that has been underperforming in relation to other mutual growth funds for a number of years. I'm glad that Dave Ramsey has gone through that experience too, so I can learn from him.
Definitely agree with Carlos E on this one, but key point being for those who don't know how to invest.
That is the sad part about some clients who could have been investing for so many years prior, but didn't because they didn't know what to do exactly. We explain to our clients the different scenarios they could have at different stages in their life based on "what ifs". This can ease up their worries. So we can get the ball rolling on investing and growing wealth.
It's not "paralysis of analysis ", its confusion with the acronyms!
Exactly, like what do all these words mean?! Lol
The Wealthy Barber is a great book on investing
Five minute mark: Absolute TRUTH
So many people are stuck in analysis paralysis and they don't have any money!!! I told them that whatever they do, they should just do something and at least learn along the way. That is what I did and I am much better off for it. When people ask me about the properties that I have and the stocks I own they think it was all given to me but no! I started investing when I made roughly 24,000/year. Every spare dollar was invested and I really had no idea what I was doing but I was doing SOMETHING.
Time is the most powerful aspect of investing. You'll be significantly better off investing when you make your first paycheck at 18 into any mutual fund (preferably a low cost index fund) than the person that becomes an investment "expert" and waits until their 30's to start investing.
So basically to make money investing, you have to invest money. Got it.
Lol!!!!
Paralysis of analysis is exactly what I have.
You and me, too! The money didn't come easily so the thought of losing it all at once makes me reach for Tums.
Keep it simple, open a self directed Roth IRA and invest in S & P 500 ETF.
I do that
But you can do better than that.
Expense ratios are extremely important. High expenses literally kill your returns. Completely disagree with Dave regarding load funds. Research shows load funds don't provide any benefit over no-load. If anything, they only provide negatives (such as higher initial fees when investing). One of my no-loads, GTLLX is killing it with 25.71% or 5%+ over the S&P 500, and has a lower expense ratio. Best part is? I can throw in what ever amount of money I want into it with no fees.
check out crf and clm, tell me what you think about it
Both seem to have declining value per share. For that reason, I wouldn't touch either. For income funds, I look for at least steady growth (or at the very worst stagnate), but declining is a no no imo. A high dividend is only worth something if the company itself is worth something. 18% of nothing is nothing.
Yeah, i bought some last year in oct, basically from oct to may its has about a 10 to 15 percent stock price increase plus that sweet monthly div. i sold at 16.35 and reentered after the rights offering at 14.5 in sept its paying me right at 2k a month on div i feel pretty solid on that amount of return, on the other hand my mutual fund prgtx i think was up 48 percent not counting the cap return this week, and my other focpx was about 38 i think. its been a historic year for the market for sure
also the div increases for the monthly distribution this coming year 2018 on clm and crf
i wouldnt leave it in there and just hope for the best, summer was tricky this year glad i sold, it would have eaten all of the monthly divs and then some
I can unequivocally say that trading is one of the most profitable and lucrative business for every investors with the right expert
You are right but the market is profiting if you are using really a good broker or account manager to help out with trades or provide signals
It's Strange how people talk about all the profit they have been making through trading of bitcoin and forex While I'm here not making any profit at all.
Having adequate orientation or knowledge about forex trade or any other crypto currency is a key to a profitable and a successful investment.
That's true. a lot of people today have been having a ton of disappointments in forex and crypto trading in light of helpless direction and awful specialists
I have been seeing so many recommendations about Oliver trending, his strategy must be good for people to talk about him
We appreciate your frank speech, Dave!
Keep spreading your knowledge Dave- you’re such a blessing ☝🏼
Dave on paying off debt vs investing: “You forgot about risk! Pay off the debt!”
Dave on investing: “What is risk?? Stock funds all the way! Weeeeeeee”
😂 😂 😂
Well if you have no debt and your household sorted, invest your money is the wisest strategy
When you have no debt you have more money to invest and significantly less risk
This guy might as well be talking Chinese to me lol
😂😂 same 😩🤦🏽♀️
@@gustavthegreat2811 that’s why we are here
I completely get it. But in the year since you watched this, I hope you read a little to familiarize yourself with some terms. Take care!
lolz ish
I swear lol but im here to learn lol
Ehhh, the majority of mutual fund managers who get paid a commission don't invest in your best interest, they invest in whatever yields them the highest commission.
I'm pretty sure "retire inspired" isnt what this guy wants, but i guess thats dave's point. I read Retire Inspired and its a good read. But if you watch or listen to dave on a regular basis its hogan regurgitating what you hear dave say all the time. "Save money, live on less than you make, if you dont save for retirement here's a horror story of what happens". There's a little good info in there, but Hogan is a genius, b/c he's made a lucrative career out of saying the same thing as Dave in a "cooler/hipper" way
DMaster81 Yeah, I love listening to Chris Hogan and his book is awesome. They are both great in their own right...kudos to them!
You hear it from hogan and dave all the time and yet people still mess it up lol
It takes years of education and experience to build your systematic framework to invest. If you haven’t failed yet, you need to hurry.
I’d rather give my money to Dave and say write me a check in 10 years
if he can easily get 12% a year id pay money for him to manage my money, he should start his own mutual fund lol
@@justinc2633 yeah I can do that for you go all in on MTUM
Sounds like Dave is on the payroll of the mutual fund companies. How about full disclosure in what mutual funds you hold that consistently bests the market Dave ?
Moodie B Look at all the American funds growth stocks, they trounce the index in every one of their funds!
Good luck getting that info lol Everything you need to buy with no names mentioned.
amm1270 yeah why doesn’t Dave just invest for everyone and do all the work for you too 🙄
@@joshuamclean4588 That's ultimately what a mutual fund is. Just with a team of experts, instead of just Dave, doing the investment for you.
I find it even more daunting as I’m in Australia and worry that/if things work differently here. Also, my family has put so much fear into me about investing in anything other than real estate. But they are broke. So, I’m torn. I’m an EDM on BS7, but almost all my investment is in property. Now that I know DR though, I won’t mortgage another property (I have zero debt of any kind right now), so I have to find an alternative investment while I cash build again...
What are the names of those 12% average return mutual funds Dave?
If they actually existed, he would have won a $1mil bet with Buffett.
American Funds (AGTHX) The Growth Fund of America. It has averaged well over 12%. It is front loaded but it is actually over 13% for the life of the fund.
3 out of the 4 Dave told me (small cap, mid cap, large cap, and international) to invest in are above s&p500. So 3 of mine are at 12% and my international fund is at 10%.
Also one of mine has been around since 1956 and has averaged 13.04% over its lifetime.
@@FatBoyBrett what are the names of them
Most actively managed mutual funds do not beat their benchmark. Choose a low fee index fund ETF.
Oh my goodness Dave, your comment “you get so much paralysis from the analysis “...love it! Lol. Keep up the good work.
I think he means to say "analysis paralysis".
@@Elizabeth-yg2mg its the same
It’s fine to have some active investments, the kind you manage on a day-to-day basis. It’s best to invest in the kinds of ventures that will leave you free to do whatever you want in life.
You’re right, investment that generates income silently and grows wealth while one can be busy with other things.
Dave Ramsey and Phil Town are battling it out inside of my mind..no winner yet!
This book is available for free viewing at your local county library
My cousin and I are going to be investing. My sister may or may not be in she has 36 usable dollars and no job (of the 3 of us I'm the only legal adult and my sister is the youngest) we've decided to help each other out I'm the money person and I need to educate myself.
Edit: my cousin is now also a legal adult
$36? did i read that right?
Thank you for the kick in the back side. I was going down that rabbit trail. I almost gave up and did nothing.
Why doesnt dave talk about index fund eft/mutual funds. They are way better than managed mutual funds.
Because he has a vested interest in advertising for his SmartVestor Pros program. All of his advisers have to pay Dave to be listed with him. It's all about making Dave Ramsey richer. That's why I whenever anybody brings up index funds he goes berserk because he wants a cut of your money. He's a true con artist.
Drinking game : Every time Dave says "ANALYSIS" take a shot!
Ramsey forgot rule #1: "Past performance is not indicative of future results"
"mutual fund for dummies" subject itself speaks !
There is literally a book titled Mutual Funds for Dummies authored by Eric Tyson 🤣
Absolutely! We made a big mistakes and it cost us a bunch of $$$. Did not know Ramsey before.
Invest your money in individual stocks - companies that are well run - like Costco. then sit back and let them worry about making you money. Trading in and out of the market is not investing. It's speculating.
CrAsh CanuCk how can I do this? How much do you recommend? I’m 23 and I want to start investing now
@@tucalicuban Do NOT invest your money in individual stocks, especially if you are just getting started with investing. If something goes wrong with the company, there goes your entire investment. If you want to invest in a single stock or two for fun, that's one thing, but DON'T base your long term investing on stocks in just one or two businesses. That's setting yourself up for a big fall. Instead, you will want to diversify your investments. If you invest in something like a mutual fund, your investments are spread out over multiple companies, which helps reduce your risk, should one of the businesses within that fund turn out to be a poor investment. Read up on diversification and you'll see what I mean. It is fun to own some shares of a single stock, but do that with money you're not relying on for your nest egg. As Crash said, invest in well-run companies if you do buy individual shares. But, unless you really pay attention to the business world and understand what qualifies as a well run company, that's more risk that you may be taking on. Remember Enron? (You're 23...probably not...look it up.) :)
K Zimmerman thank you for your very thought out and articulate response. I did research but I’m not math savvy. I would def need an advisor to help me start this cause I am dumbfounded lol
Man you are awesome, love the topics
A new report shows that the number of Canadian funds focused on U.S. large-cap stocks that outperformed the index over the past five years was precisely zero.
Warran Buffet had a 10 year bet with fund managers that the S&P 500 would beat them, he won of course. Think the bet ended 2018 so still relevant.
Thanks for this Dave!
Want people to be clear. When Dave talks about a 12% average rate of return it's extremely misleading. That doesn't mean your investment increases at 12% per year. As an example: If you have a 100% gain the first year, and a 50% loss the second year, you've made no money. Your account balance is the same as your initial investment. But the average rate of return is 25% (100% and -50% = 50% divided by 2 years = 25%). Most of his investment numbers are false. Is it fraudulent or is he ignorant? I'll let you decide.
An index fund is around .4 % in annual fees . Daves famous mutual funds that outperform the s&p have a 2.5 -3 % . It is a big difference
VTSAX is .04%
just put it all on the 12% mutual funds
fsmoura what are those funds the have a %12 return?
@@jakemf1 FCNTX
jakemf1 closed. Next.
Agree, except when it comes to expense ratios, that and overall long term returns are all I look at when picking a fund. Ratios do affect bottom line.
Dave alway preaches less than a 1 percent ratio. I think in this segment he was stating that if you know everything about every mutual fund, but fail to invest your simply spinning your wheels.
Yeah Dave always changes the subject. There are those of us who know our expense ratios AND also consistently invest as recommended. Dave tries to split the camp as if one pays attention to their money expenses they are likely not consistently investing and tries to prop that up against someone who doesn't pay attention yet consistently invest(like the guy who has $4.2 million). Guess what though... if the guy who has $4.2 million knew how much his expense ratios he might have $5 million... but Dave ignores that. It's really depressing to hear him speak so illogically about this subject.
I've yet to hear Dave preach on the ratio he recommends. His Washington fund have a 5.75% front load, and many under 1% fee yes, but if you use those funds along with an advisor that takes 1% and then your 401k takes it's expenses you're likely losing 2%-3% of growth every year. That's a lot of money--especially for those of us who make an average income for a family... $2 million will be worth about what $1 million is today in 30 years.
This is exactly what I think! Yeah we all want the best performing funds and stocks but stop waiting around and just do it! Even if you choose an easy way like investing in an index fund it will work for you. Even with my channel I'm trying to grow, I like to stick with simple ideas and doing it. Investing doesn't have to be so complicated if you choose. Thanks Dave!
Please share the tickers for your mutual funds. Thanks for the information.
"You freaking nerds" 😂😂😂
Thank you so much for this Mr Ramsey! I plan to keep it simple and just keep investing!
I worry I have the opposite problem: no analysis. I just invested in a fund that follows the S&P 500. Is that ok? Or should I be doing a little analysis and choosing a mutual fund?
Ok Dave, last night I bought $1k worth of stock last night. I'm putting $2.5k in the market and going to learn how to trade. Wish me luck!! After I get good with stocks going to buy rentals.
Drummergeorge don’t grade, invest
Drummergeorge trade crypto u will make greater returns
Don't Trade unless you enjoy throwing money away..Invest in VTSAX and forget about the money until you can live on ~3% of it each year
how'd it go?
Lol this one is good “what’s that?” thanks for this. I do tend to over analyze
Why Chris Hogan? Why not ETFs or individual companies with good management
“A bird in the hand is worth two in the bush”
To flesh out this principle, how certain are you that there are indeed birds in the bush? When will they emerge and how many will there be? What is the risk-free interest rate (which we consider to be the yield on long-term U.S. bonds)? If you can answer these three questions, you will know the maximum value of the bush- and the maximum number of the birds you now possess that should be offered for it. And think dollars, not birds.
Aesop’s investment axiom, thus expanded and converted into dollars, is inmutable. It applies to outlays for farms, oil royalties, bonds, stocks, lottery tickets, and manufacturing plants. And neither the advent of the steam engine, the harnessing of electricity, not the creation of the automobile changed the formula one iota- not will the internet. Just insert the correct numbers, and you can rank the attractiveness of all possible use of capital throughout the universe. Common yardsticks such as dividend yield, the ratio of price to earnings, or book value, and even growth rates have nothing to do with valuation except to the extend they provide clues to the amount of timing of cash flows into and from the business. Indeed, growth can destroy value if it requires cash inputs in the early years of a project or enterprise that exceed the discounted value of the cash that those assets will generate in later years. Market commentators and investment managers who glibly refer to “growth” and “value” styles as contrasting approaches to investment are displaying their ignorance, not their sophistication. Growth is simply a component-usually a plus, sometimes a minus- in the value equation.” Warren Buffett”
Gotta find myself a financial advisor, trustworthy tho.
(for investing) ishs
All of my mutual funds are beating the S&P net after expenses. And the average fee /year expense ratio is 1.2-1.4%.
Is it high? Yes, but I am beating the market by 2% point or more every year.
Glad for you. Let us know how that works out over a decade or so and a long bear market.
I don't understand where to find these mutual funds! The bank?
It's plain and simple if you are good in STEM you will make it big in life.
What companies do you suggest we invest in? You talk about the mutual funds but never tell us the exact ones or company.
Dave is a good salesman
So what happens then you invest in a mutual fund that DOESN'T beat the S&P? Dave seems to emphasize that pretty hard but never explains why it's so important.
In another video he explains that if a mutual fund is doing poorly, he moves it into another mutual fund.
Ark invest they have the number one and number two index funds for 2020. I think one of them is over 40% this year
So what’s the funds you invest in???
Dave - what do you think about the likes of Acorn and Robinhood? Are they are good place to start small?
Not from what I've heard. I'm thinking of going with TD Ameritrade.
"I love math" says the man that consistently advises against good mathematically-proven strategies in favor of feel-good strategies.
No, he points out that personal finance issues for Americans are not driven by a lack of mathematical understanding but by bad behavior. His strategy is more efficacious for people because of the psychology involved in their decision making and this has been proven in a staggering number of studies.
I fully agree he focuses on psychology. But I disagree with your use of the word "No". I stand by my original comment that he gives terrible mathematical advice. It's disingenuous for him to act like he's a good investment advisor beyond simply getting people to save save. He's not. At best he's a good get-out-of-debt advisor. But getting out of all debt doesn't necessarily equate to wealth. He's a little bit of a con-artist in this way. Pay attention to how often he discounts fund fees but then makes a big deal about Loaded vs No-Load funds. As someone who focuses on psychology, he knows his followers, for the most part, aren't going to hold funds long enough for Loaded funds to make good mathematical sense.
@vaseasun He's not even a registered investment adviser. He's a salesman, and because of that, I actively tell people to avoid any products he is pushing like his SmartVestor Pros service. They are a total rip-off.
Dave what is your opinion on the online financial advisors like Betterment or WiseBanyan?
What is the exact mutual fund Dave is invested into ?
Charlie and I view the marketable common stocks that Berkshire owns as interests in businesses, not as ticker symbols to be bought or sold based on their “chart” patterns, the “target” prices of analysts or the opinions of media pundits. Instead, we simply believe that if the businesses of the investees are successful (as we believe most will be) our investments will be successful as well. Sometimes the payoffs to us will be modest; occasionally the cash register will ring loudly. And sometimes I will make expensive mistakes. Overall - and over time - we should get decent results. In America, equity investors have the wind at their back. Warren Buffett
Common sense talk and 100% so true, it’s a pity that 90% of people like Dave said just won’t do it. But be like Nike and ‘just do it’
@thedaveramseyshow how about a real estate investing book?
Great Video. Needed that.
I guess this is just the part of me that's scared, but literally where would I start with investing? Do I just try and get in contact with his "smart investor pros"? I'm just kinda scared not knowing what to do, but i guess thats my fault lol
Find a broker on google (Schwab,Robinhood,Ameriprise, whatever) and open an individual account with them, which should be easy enough. Then connect your bank account with the new trading account, and but however much of whichever mutual fund to decide on
@@ryancarmona290 Thank you for the information.
I'm sorry but people giving investment advice who came to the market post 2008 is just laughable! You could have literally invested with your eyes closed in 2008 and be hailed a genius today. When this cycle ends what are you going to do? I you can't answer that then you really have no advice worth giving.
hello sir! I am Belgian and I live in Sweden. Socialism here is killing me. If you make money they rob you 50% in taxes. the more you make the more the government taxes. I hate it. We have a monthly budget, we know exactly where we spend things, we don't have a tv, we don't have debt except the house which we have paid more the 25% of its value in less than 2 years, we save money and we invest regularly, we are scary generous. And yet when I look at the numbers and the projections I still feel like I am never going worth more than $ 600K. It hurts to know that we are making so many sacrifices for so little return... it is also true that following biblical foundations help us increase and we have experienced it. Sometimes I wish that after finishing my MDiv we could move to the States. What else can I do to get better sir? I wish I could hand with you so that I can grow even more. God bless you for your wisdom.
you also said that relationship we have will influence us. For me, most of the people I know think I am weird that call me names like a capitalist. It doesn't hurt because it is partly true. I work in the church as a volunteer and I am building a network to rebuild the house of the Lord. However, what I see is that there is not so many business people in the house or rich people, or generosity present either everything looks lukewarm. No clear vision! it is killing me! So I am a man of action so I try to turn the thighs by example. What else can I do sir?
Are we not suppose to be the head and not the tail?
i like your style you remind me of my 1st sargent
What i don't understand is what's wrong with having a fun that is slightly below, let's say, the S&P500 index. If its annual returns are lower by .5% compared to S&P, why not just invest in that passive fund then?
Is robinhood a good platform for long term investing ?
All the experts say snp 500 is key. Eg john bogal, Warner buffet
I don't think they are ELP's though...
I wanna know if ur a millionare, then I'll regard ur opinion 🤗
buffet beat the market, that is why people invest in him. there are a lot of mutual fund that have beat the market, he just saying go BUY them,
I tell people VIG, REGL, voo, spy, brk.
yet another amazing video!
I want to learn investment. Kindly guide me guys. I’m 30 years old but sick of living a regular life.
One of the best simplified no BS investment advise.
I know Dave loves mutual funds. But I have a question about index funds. Should you spread risk by investing lets say 25% of your investment money in 4 different index funds, or just invest in 1. I know there is divergence in some index funds
What I do is 60% of a 500 index and 20% small-cap index and 20% in international index
All that you need is one. VTSAX, Vanguard's Total Stock.
There really are no wrong answers to this question. The main thing is invest according to how much risk you want to take. I personally prefer getting the highest return I can at the lowest risk. My approach would be too conservative for some, but I sleep very well at night.
Ok, I have another question. Since ETFs can be traded like stocks. They can be bought and sold, is the price of the ETF affected when it itself is bought/sold rather than just the underlying stock prices that it holds inside the ETF
That sounds like a method I would prefer. I'm going to look into it but are there classes of ETFs like Dave recommends such as growth, growth & income, aggressive growth and international? For example, I have an S&P 500 ETF. Would this be the equivalent of growth & income? And if so, what would be the equivelant of the other three. I'm guessing obviously international index = international and would a small-cap index be considered growth?
I appreciate this but all this to enjoy the money at 60?
Let me emphasize that there was nothing aberrational about stock-market behavior over the ten-year stretch. If a poll of investment “experts” had been asked late in 2007 for a forecast of long-term common-stock returns, their guesses would have likely averaged close to the 8.5% actually delivered by the S&P 500. Making money in that environment should have been easy. Indeed, Wall Street “helpers” earned staggering sums. While this group prospered, however, many of their investors experienced a lost decade.
Performance comes, performance goes. Fees never falter.
#1 you actual put money in it! Lol