If you’re saving monthly into an active fund - please stop doing so. Research shows that they consistently underperform and that they are not worth the fee they’re charging.
Buy a cheap, broad index fund instead.
Could you please add a “Why YSK:”? It’s rule #2. It’s also helpful for readability, and informs readers about the importance of the content. Thank you. :)
Yup, I always tell friends/relatives this.
Just pick up a mix of the below and set it & forget it.
80/90% of funds into these:
- VOO
- VTI
- QQQ (or alternative for nasdaq etf)
- Little bit of JEPI/JEPQ for Income
10/20% into individual companies you like.
I think it’s helpful to put some money into individual stocks that way you get a feel/understanding of the market. Plus I feel like they will be more invested/interested in learning when it’s a single company vs ETF of 500+ companies.
