Comments on: Millionaire by 60: The Compounding Power of Index Funds

By: Enoch

Enoch — Sat, 07 Jan 2012 07:24:28 +0000

Should mention that ETF’s change like the wind. They’re not meant to be long-term investments – you buy ‘em and get rid of ‘em in the next couple days because they’re incredibly volatile. It’s quite dangerous to hold them for longer than that as you can end up losing everything in a very short amount of time especially during the economic uncertainty that we’re currently facing. But if you’re stuck with an ETF where you bought high and it fell low but still have enough cash left, buy a little bit more to lower the average price; just don’t expect it to shoot up overnight. e.g.) You bought 100 shares of FAZ at $60 a pop but over the course of a month, it fell to $35 a share (a situation that many are facing right now). If you buy another 100 at $35 a share, your average price is now ($35 + $60)/2 = $47.50 per share. It’s a lot easier to reach $47.50 than $60. May take a few years, though.

By: michael herbert

michael herbert — Thu, 04 Aug 2011 16:15:53 +0000

i prefer a roth ira with stocks that pay greater than 8% divvy. i really think a roth is the best choice because the distribution is not taxed after retirement age.

By: Klaus

Klaus — Mon, 02 May 2011 14:05:03 +0000

Really god choice!

By: Jan

Jan — Mon, 02 May 2011 14:04:05 +0000

I play with “thinkorswim”. God choice?

By: 10 Better Things to Do With Your Tax Refund | Primer

10 Better Things to Do With Your Tax Refund | Primer — Mon, 18 Apr 2011 05:47:26 +0000

[...] if you invest your $3,000 in a rock-solid ETF or index fund that earns 7%, if you don’t eliminate that $3,000 of debt you have on your 19.99% credit card, [...]

By: Snap401k

Snap401k — Thu, 01 Oct 2009 02:54:59 +0000

All good points. A 401k like ours provides many options to investors including index funds and ETFs. The costs for these investment vehicles are typically 1% cheaper than some managed funds. .-= Snap401k´s last blog ..Home Page =-.

By: Andrew

Andrew — Tue, 09 Jun 2009 15:07:21 +0000

haha It wasn’t me!

By: jack

jack — Tue, 09 Jun 2009 02:30:14 +0000

Did I really say “busting duff?”

By: Stock-Index » Yell appoints Wigley as new chairman

Stock-Index » Yell appoints Wigley as new chairman — Mon, 08 Jun 2009 18:48:36 +0000

[...] Millionaire by 60: The Compounding Power of Index Funds | PrimerAn index fund is a mutual fund or exchange-traded fund (ETF) that tracks the movements of a stock market index. You’ve heard of stock market indices: Dow Jones Industrial Average (DJI), Nikkei 225 (N225), Standard & Poor’s 500 Index … [...]