Quote:
Originally Posted by DaFace
Finally, in terms of investments, if you know NOTHING, you can always start with a target date fund. The fees are a little high, but they're managed and will generally keep you pointed in the right direction. A step above that is where I'm at: I'm lazy and go with a three-fund lazy portfolio for the most part. Be wary of "full-service" places - they're great for advice, but they're taking fees out of EVERYTHING, which can add up ENORMOUSLY over time. If you really start to have a feel for what you're doing, you can invest in individual stocks obviously, but 90% of people will just get themselves in trouble doing that IMO. |
I'm convinced that these simple index strategies are the best for the vast majority of people, lazy or not. Completely unexciting, but the odds are against beating the market over the long term, it's great that you're figuring this out at your age.