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re: Millennials Guide to Investing and Retirement
Posted on 5/5/14 at 4:54 pm to TheHiddenFlask
Posted on 5/5/14 at 4:54 pm to TheHiddenFlask
quote:
Edit to avoid hijack: Could you give some high level views of the book?
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).
Posted on 5/5/14 at 5:05 pm to Sigma
Was this written by a boglehead?
Posted on 5/5/14 at 5:23 pm to Sigma
Why on earth would a millennial invest a third in bonds?
Posted on 5/6/14 at 10:42 am to Sigma
This is nitpicky, but why exclude the 401k match? 15% is 15%, if you get matched %5, you are saving 20%...if he thinks 20% is right, why not just say 20%?
Posted on 5/6/14 at 9:34 pm to Sigma
quote:
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.
While I agree partially, it should reflect your risk appetite. Me being young, I can take as much risk as I want and invest heavily in the stock market.
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