Stock Market News
An investment in knowledge pays the best interest. – Ben Franklin
Thanks for this video! God bless you, man.
Hi Ryan, interesting video. Betterment seems a pretty good way of investing without been worried about things such as rebalancing your portafolio, but it only operates in the USA. Any suggestion of another roboadvisor that can operate outside USA, for example LATAM?
Would something like 60% in VTI, 20% in VXUS and 10% in BND be a good spread for a fairly aggressive approach?
I am a minimalist, living in an RV, and enjoy the lifestyle thoroughly. It enables me to save even with a very low income. Here is the formula I use:
Make sure you have enough to cover the basic survival expenses food, clothing, shelter, insurance, transportation.Make sure you can cover 3-5 non-survival things that really add value to your life, preferably the ones that don't cost a lot of money. I find that once these are covered, not having the rest doesn't really bother me. The key is to be really honest with yourself about which three things you pick. The number can vary a bit, but focus on value added to your life.Split any excess between building up a 3-6 month emergency fund and pay down debt. Once the emergency fund is fully funded, hit the debts hard.Pay down all non mortgage debt and non-student loan debt first, then hit the student loans, then split evenly between paying down a mortgage and saving to invest. I use VTI as my primary investing account, and put 30% of my income from my job into that. I have a network consulting business as one of my side hustles. 80% of that income goes to VTI, 20% goes to my expenses. I also trade currencies as a second side hustle: I split my savings 50/50 between forex.com and VTI until the Forex account had $5000 in it. 4% of my total Forex account equity goes into VTI in any profitable year. The goal is to save 50% or more every year.
The side hustles can be anything. These are just the ones I like. You can also use this process to fund 401Ks, solo-401Ks, and Roth and Trad IRAs. Much of it can be automated. I have also found it useful, once I got the Forex account funded to $5K, to beef up the emergency fund to 12 months. I just sleep better knowing I'm covered in the slow months.
What are your thoughts on the S&P 500 (VOO) as opposed to investing in the entire market? I know that's what Warren Buffet recommends and that's what I have been putting my money into until I have enough to do a real estate deal.
What do y'all prefer: an S&P Index fund or Total Market index?
I will not invest in anything that is not collateralized and these type of investments are much safer and pay higher yields.. No brainer to me.
Robo-advisor vs Vanguard Target Retirement Date fund?
It's better to have less stuff than be a better organizer
Good video. ..why not make a video on the power of compounding
Can you talk about TSP please?
I think you owe credit to Taylor Larimore's book, "The Bogleheads Guide to the Three Fund Portfolio". I just happened to finish reading it today (short book). Simple is better. Also, I think more emphasis should be on expense ratio. Of course Vanguard is known, started this. There are online calculators that compare two rates with your money amounts and rates. Many say the expense ratio is all that matters.
You must log in to post a comment.