Millennials Guide to Investing and Retirement

nm

my bad, im an idiot

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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).

Why on earth would a millennial invest a third in bonds?

I know that there is no way in hell I'm throwing 33% into bonds at 25

Just finished reading. He redeems himself by saying that the distribution isn't set in stone, and that this was just a way to do some safe market "timing" via reallocation. The rest was worth reading. Mostly things I already knew, but still worth reading. Ill be sure to pass it along to any investing neophytes I run across.

Any idea why it is free today?

Excuse my ignorance but what's a boglehead?

The forum is awesome. Tons of info.

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I know that there is no way in hell I'm throwing 33% into bonds at 25

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No....shite.

I am at 7

I can't see a strong argument for someone that young being higher than 10.

Its especially ironic because they say to use Vanguard....and Vanguard has a fund that has a similar approach to investing: with very different percentages.