re: Millennials Guide to Investing and Retirement

quote:

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Edit to avoid hijack: Could you give some high level views of the book?

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1) You should be saving 15% of your income after you are debt free (401k match excluded).

2) The financial services industry is to be avoided at all costs.

3) You should be investing with Vanguard.

4) Bonds are safe and stocks are risky, so their expected returns reflect that.

5) Your investment account should consist of 33% Total US stock fund, 33% Total international stock fund, and 33% Bond fund (preferably gov't). You should rebalance yearly, which should take 15 min.

6) You should expect the long term real return of the above portfolio to be 3%.

7) Vanguard is the best place to do 5) because of low fees.

8) Everyone should read The Millionaire Next Door (and several other books as well).