Quote:
Originally Posted by charlieo1126@gmail.com
Vanguard is a group of funds owned by the people who invest in them, they have a very low cost , I’ve had 4 funds that cover every section of market and money goes into these funds automatically every month for the last 20 years , I hardly look at the results until end of year , doesn’t matter to me if market goes up or down , but you know goggle is your friend so easy to find out things
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Every ones finances and personality are different. As far as money going in every month for 20 years that is titled, dollar cost averaging. I've been in the stock market for 40 plus years. I laugh, an overnight success but it only took me 45 years of hard work and investing. For all it is a choice do I spend it or do I save it and what is my proper balance.
For people, perhaps like a diet to lose weight. They all work and yet most people fail.
The reason is about the same as investing and saving. People come out with a plan.
They stick to the plan for 20 weeks or so. Twenty years is actually impressive and unusual.
My view, re: investing so much per month in funds. So people like automatic, no decision necessary. Things have changed dramatically from when I started.
Funds made sense because of high commissions when you buy stocks. They were even higher when you could not or did not buy,"round lots," 100 shares at a time.
Today, commissions are zero in many places. Information, is far more easily gotten than previously.
As far as,"so much per month," it is not my business and the answer does not help me.
But, if you are still investing new money, so much per month you have a source of income that many others do not.
Like typical investment writers. If, my post helps great. If, not I will not be covering any losses for anybody other than MINE.