Investing is simple. (no that’s not the shocking fact) Make regular contributions into an index fund, ensure that you are diversified, wait, and shift into more conservative investments as you near the age you want to withdraw the funds. (no, that’s not it either) Everyone knows this! They’ve known this for eons! Here’s the problem… […]
When I was younger, I was taught that the key to financial freedom was saving as much money as you could.
While true, it's not the whole story. Saving can only get you so far - you need to invest prudently too.
A couple years ago, the index card craze swept through financial news. Everyone loves simplicity. The thought that all financial advice for everyone could fit on a single 3″x5″ index card? Can’t get simpler than that. Here’s what the card says: MAX your 401(k) or equivalent employee contribution. Buy inexpensive well-diversified mutual funds such as […]
I remember the first time I read Warren Buffett’s annual letter to Berkshire Hathaway shareholders. It was witty, it was entertaining, and it wasn’t anything like your standard annual report with glossy pages, full color photos, and mind-numbing marketing-speak. That first time, the page that blew me away was his list of stock investments – […]
The most important thing about investing is starting early. I want to show you something… That Rollover IRA at Vanguard contains every employer-sponsored 401(k) I’ve contributed into. It’s subjected to the same annual contribution limits as any other 401(k) plan, so I have no special advantage outside of just saving a lot. And early. I […]
We all start somewhere. I remember the day I had $1,000 and thought it would be a good idea to invest it in the stock market. I had a 401(k) and a Roth IRA, so I was familiar with the mechanics of the stock market, of mutual funds and index funds, and how everything fit […]