UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next
Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75339  
Subject: Re: Diversification Date: 2/18/2004 11:21 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Welcome itsdulytime. Glad you could join us.

I agree with previous posters ideas on diversification. They are right on.

At age 26 and for small account balances, S&P 500 and Total Stock Market Index are diversification enough for now. I would not own bonds for now until 1) you get within 10 years of retirement or 2) you have in mind some other short term use for the money such as downpayment on a house or education of your children. Otherwise, stay in equities and keep your money growing as best you can.

Once your account balances get into the years of pay range, then you might think about broadening out a bit, buy some other funds in addition or some individual stocks. But for now, don't worry about it.

Best of luck to you.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement