Appreciate all the info breh
I been reading up on this since I saw y’all posting bout it. I could invest in index funds. Fidelity and Vanguard are the ones I’m seeing the most. With index funds I don’t pick my own stocks, I just invest on the overall market?
I read a Forbes article on 3 fund portfolios, I’d have to read more before I fully get it.
To add a little more insight, i use fidelity for my index fund investing. one index fund is the QQQ that tracks all the tech stocks (Apple, Amazon,Microsoft, Facebook, etc) in the market. I started initially investing in this ETF when it was 207, now its 243.
It has an expense ratio of .20% (For example, let’s say that a particular index fund has an expense ratio of 0.50%. That means that if you have $1,000 invested in that index fund, $5 will be taken out each year as a fee)
Hope that helps