Talk of The Villages Florida - View Single Post - Million Dollar Question (asking for a friend)
View Single Post
 
Old 09-20-2021, 06:31 AM
rsmurano rsmurano is online now
Gold member
Join Date: Jul 2021
Posts: 1,022
Thanks: 6
Thanked 942 Times in 477 Posts
Default

If you invest your money right, you don’t need to look at it all the time, maybe once a quarter.
Also, it’s safer and more profitable to be in indexed funds like vanguard which you pay a small expense fee (Some of mine have .02 % fee) compared to non-indexed funds with over 1% fees. Don’t buy loaded funds either, upfront or backend, these can be 4-5% or more.
I’ve been doing my own investing for 40 years without a broker and over time I do much better than friends that pay 1-1.5% broker fees because a lot of them sell funds that are best for them (loaded, high expenses) and still don’t make the profit of indexed fund’s overtime.
IMO, if you don’t know how to invest, there are a few brokerage houses that charge very low fees like Schwab’s robo investing (0% fees) or say Vanguard at .4% (check for sure) but you know Vanguard will buy you diversified low cost/low fee indexed funds