Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Struggling to invest on my own"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]1. Keep 6 months of emergency funds in cash/bonds/treasury 2. Figure out your risk profile, go to free portfolio analyzer and play with large sums (to you) to visualize gains and losses over a decade or longer 3. Align on a asset allocation, 80% stocks and 20% bonds (for example) 4. write it down on a piece of paper and stick to it 5. Agree on a % of salary that you want to invest, say 15% to start with and set auto debit 6. Rebalance 1-2 times a year (on set dates or bands ) Few other things, maximize your before tax accounts before investing in brokerage, the asset allocation principle still applies (largely though there are nuances) then ROTH IRA, HSA etc.. Boggleheads can guide you 6. Open a Vanguard account and based on your asset allocation pick stock and bond mutual funds (VTSAX is you want to do only US stocks for example) 7. Set up auto debit for every two weeks [/quote] Thank you.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
