centerpin fan
Senior Member
^^^^^^^^^^ she can change her mind monthly if she wants to ..... but that would be a bad idea.
I'm not suggesting that she should. I'm just saying that, as a young woman, she might be inclined to change her mind.
^^^^^^^^^^ she can change her mind monthly if she wants to ..... but that would be a bad idea.
I'm not suggesting that she should. I'm just saying that, as a young woman, she might be inclined to change her mind.
I think I'm seeing this as bonds, cd's etc is like investing on your own money and stocks is investing on businesses profits.
While it's true that one is safer than the other, there isn't nearly the profits to be made. If one is in their 30's they might want to gamble more in say an S&P 500 fund but stand a chance to lose more.
I guess the million dollar question is, "how much of one's investment should be placed in say the riskier S&P 500 fund vs the safer bonds funds?"
I looked at some of those life cycle funds, and they were just under .6.
I looked again and they were in fact .06 and not .6. Maybe they have a different set up for Delta employees.
I looked again and they were in fact .06 and not .6. Maybe they have a different set up for Delta employees.
The S&P Index Fund cost is 0.01% which is way better than the cost of the Targeted funds.
I wished somebody would've told me, 35 years ago, put your money in an S&P 500 Index Fund and forget about it. A no brainer.
http://www.fool.com/mutualfunds/indexfunds/indexfunds01.htm
40% of an S&P 500 funds money is made overseas, so you really don't have to invest Internationally.
When Warren Buffet passes, it is directed that his wife's estate gets put 90% in a low cost S&P 500 fund and the balance in cash for her to live off of.
Just my humble opinion after making a couple (well, more than a couple) investing mistakes.
At minimum, she needs to put enough money in, monthly, to get the Delta match.
I just started my 401k about 8 years ago and It just made sense to get the $ my company offered me if I saved it.........NO BRAINER IMHO. I only recently started increasing a %, but then went to 10% and I dont miss it, really.
At the time when I first started, I got push back from my wife who said we needed the money now........when I show her my dashboard these days, she is all smiles.
I wish I had done this my whole life and I stress to my kids this same aspect.......Where do you want to be in 15, 20, 30 years etc..