SPY is great advice. Dollar cost average into it through ups and downs. Don't ever panic. Don't ever get too ebullient. Just be disciplined and constant. Don't listen to the doom and gloomers. Don't listen to pie in the sky guys. Don't get greedy. Also, if you can, dollar cost average into aggressive small cap fund, large cap fund, Emerging markets fund. DIVERSIFY. Try and set yourself up so that whatever sector of the market is winning, you'll have some of that winnings. And if a certain sector tanks, you won't get hurt too much.
Yes it's cut and dry with no exceptions. They all suck 100% of the time
I may have not explained what I meant better. I simply mean if you could predict death or dismemberment or job loss or any other insurance payout it would be a largely net positive result based on paying in. The fact that we cannot forecast or predict when that will happen is why it is a bad "investment", but it still holds value every day if paid out prior to when it evens out which could be 5-20 years later depending age/other. I will say that for majority of people it is an expense and not a net positive which is why insurance is profitable, but we all do pay for car insurance, home owners insurance, and medical insurance so we technically have these expenses anyway as a part of every day life.
If we could predict our untimely demise of any of these expenses, we either wouldn't need insurance or it wouldn't exist--probably the latter...
-murph
BUY A HOME AS AS WELL (rental property if you don't have to live in it).... and pay it off as quick as possible, but by retirement..
Living rent free in retirement will help.
And many who bought decades ago have seen quite the return.
** if possible marry into a good family and hope for a nice inheritance as well.
Living rent free in retirement will help.
And many who bought decades ago have seen quite the return.
** if possible marry into a good family and hope for a nice inheritance as well.
Hit the lottery or a 15 team ML parlay.......
