[Title edited for clarity - moderator oldcomputerguy]
After making many mistakes of experimenting and overcomplicated my portfolio, I’ve decided it’s time to come up with a simple plan that I can stick with for a lifetime.
I’ve tried doing it myself with stocks, I tried the Dave Ramsey method, and I’ve tried playing with different sector funds because I dabble too much in change from the noise I hear.
I’m absolutely committed to extremely low cost index funded and I’m ready to learn and hope you fine people can offer me the guidance I need.
The good news is I’ve learned from my mistakes of performance chasing and the urge to fiddle with my accounts. And of all my failures one shining light has been that I was not flustered in the only downmarket I experienced. I was in a far too conservative portfolio at the time for my age but I was 60/40 and starting selling fixed income to buy U.S. equities during the COVID crisis.
I’m also someone who goes many months without looking at my account or paying attention to the markets in anyway. Which makes me even more foolish for thinking I could pick the hottest stocks. But in the past when I heard that noise I’d sometimes listen and that would result in weeks of me trying to outsmart the market which I’ve realized is a losers game.
I want to create an Investment Portfolio Document to guide me in a way to stick to the plan. And I’m finally convinced that just couple funds is all I need. I’ll accept slightly below market returns and be happy with it while I ride the reinvestments all the way into and through retirement.
I don’t mind an equity heavy portfolio as I proved to myself in the past. I have about 25 more years to work and I’m finally able to contribute maximum amounts to my Employer’s plan, my Roth, my spouse’s Roth and the family HSA. Since we save more per year now than before we will really be able to accumulate more money in this account regardless of an upcoming bull or bear market.
I’m convinced that, given an uncomplicated plan and a personal document to hold me to it, I’ll be able to avoid my mistakes in the past.
I have the option of low index funds in all my accounts and the Vanguard U.S. Total Stock Market index fund or Fidelity Total Stock Market Index fund would be the cheapest expense ratio in all accounts.
Given my history and desire for simplicity would it be advisable to put all the money into the total market fund while I’m still in the middle of accumulating assets? Thankfully I’m on a good pace with retirement and while I left a lot of money on the table, I started young so I’m on a good track.
Please share any personal advice or recommendations regarding my plan or portfolio or creating a personal investing document.
I also find it helpful read quotes from experts to keep me on track so if you have any favorite quotes or sayings that you could also add those would help me to stay on track as I’ll add those to my personal investment document too.
After making many mistakes of experimenting and overcomplicated my portfolio, I’ve decided it’s time to come up with a simple plan that I can stick with for a lifetime.
I’ve tried doing it myself with stocks, I tried the Dave Ramsey method, and I’ve tried playing with different sector funds because I dabble too much in change from the noise I hear.
I’m absolutely committed to extremely low cost index funded and I’m ready to learn and hope you fine people can offer me the guidance I need.
The good news is I’ve learned from my mistakes of performance chasing and the urge to fiddle with my accounts. And of all my failures one shining light has been that I was not flustered in the only downmarket I experienced. I was in a far too conservative portfolio at the time for my age but I was 60/40 and starting selling fixed income to buy U.S. equities during the COVID crisis.
I’m also someone who goes many months without looking at my account or paying attention to the markets in anyway. Which makes me even more foolish for thinking I could pick the hottest stocks. But in the past when I heard that noise I’d sometimes listen and that would result in weeks of me trying to outsmart the market which I’ve realized is a losers game.
I want to create an Investment Portfolio Document to guide me in a way to stick to the plan. And I’m finally convinced that just couple funds is all I need. I’ll accept slightly below market returns and be happy with it while I ride the reinvestments all the way into and through retirement.
I don’t mind an equity heavy portfolio as I proved to myself in the past. I have about 25 more years to work and I’m finally able to contribute maximum amounts to my Employer’s plan, my Roth, my spouse’s Roth and the family HSA. Since we save more per year now than before we will really be able to accumulate more money in this account regardless of an upcoming bull or bear market.
I’m convinced that, given an uncomplicated plan and a personal document to hold me to it, I’ll be able to avoid my mistakes in the past.
I have the option of low index funds in all my accounts and the Vanguard U.S. Total Stock Market index fund or Fidelity Total Stock Market Index fund would be the cheapest expense ratio in all accounts.
Given my history and desire for simplicity would it be advisable to put all the money into the total market fund while I’m still in the middle of accumulating assets? Thankfully I’m on a good pace with retirement and while I left a lot of money on the table, I started young so I’m on a good track.
Please share any personal advice or recommendations regarding my plan or portfolio or creating a personal investing document.
I also find it helpful read quotes from experts to keep me on track so if you have any favorite quotes or sayings that you could also add those would help me to stay on track as I’ll add those to my personal investment document too.
Statistics: Posted by NoMoreNoise — Sun Jan 12, 2025 1:51 pm — Replies 1 — Views 79