Quote:
Originally Posted by Blackbird45
My view has always been that even though it is good to get advice from others, when it come to your finances, no one is going to track your money as well as you will. The only advice I would give is to sit down and decide what type of return you want from your investments.
|
As a general statement, I would say that return depends on risk. The more the risk, the more one should be compensated with reward. So, an investor should determine how much risk their personality can take. With the long-ago advent of ETFs, an investor can easily get an average return with an average (or even less) risk. Just buy the ETF for the S and P, which is (SPY). Pretty simple........you get an average (good) return with average to low risk due to high amounts of diversification. Thank me very much (and please send me 1/4 of 1% of all your gains each year....for good advice)!