Quote:
Originally Posted by the_abe
Wise investing is actually pretty simple. Dump everything into a low-cost, full-market index fund and leave it. Over the long term, the market has returned 9-10% on average. Subtract 2-3% for inflation and it's around 7%, which doubles your money every 10 years.
Looking at actuarial tables, the chance that we'll live 30 more years is way higher than the chance we won't (77% chance for a 45 year old male).
|
It's really no easier than that. S&P500 index funds and perhaps 5-10% in bond funds if you're 40+. Then, once you get to be a multi-millionaire, then perhaps look at other investment vehicles like real estate and such.
And you'd best plan for the future because there is a really good chance that you're living into your 70s.