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by 300bps 1688 days ago
Agreed. Set your asset allocation. Buy a small number of diversified funds with low fees. Rebalance once per year to match your asset allocation in response to market fluctuations.

Vanguard funds are excellent at this. Fidelity are good too.

For Vanguard, Total Stock Market, Total Bond Market, Total International Equity. Those three funds based on a mix catering to your own risk tolerance and circumstances and you’re done.

Or you can go with an investment management company that will charge you 1-2% of assets under management, put you in 15 high fee funds that they rebalance you in monthly to generate not only buy/sell fees but also they mark up the price of your buys and mark down the price of your sells. So many horrible companies out there.