I get this question all the time when someone is opening a new Roth IRA or brokerage account with Fidelity. “Which core position should I choose?” when they see an option like below. The answer: It doesn’t matter, but for any sort of investment account (like an IRA) use the Money Market Fund (SPAXX) (reasoning below) […]
I love target date index funds. I believe they’re your best bet to maximize long term wealth and almost every individual investor should put 100% of his or her equity portfolio in a single target date index fund. Seriously. What are target date index funds? They’re named after a target retirement year: A couple examples are […]
Almost every day I talk to someone who mentions their credit score. After being in school our entire young lives, I think we must all yearn for someone to give us another grade. And when the ol’ FICO corporation is slapping a big number on all of us we jump for joy and excitedly burn […]
Not rolling over your old 401(k)s will cost you $732,102
Hey What it do! How do I buy stock? You like… want to buy shares in a company as an investment? Yes! Exactly. Wait… why? What’s your goal? I want to get rich! Sweet! But, if that’s your goal, I would highly recommend learning about mutual funds or better yet index funds. That’s a better […]
Hey! Yo! I have a dumb question. What is a stock? Huh? Like… what is a stock? People seem to buy them and make money. Ha. Good question! Well… a stock is something that you can buy that gives you ownership in a specific company. I don’t get it. Well, let’s say you wanted to […]
