Fortunately is an automated financial planning tool and human blog that provides simple answers to complex questions.
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Once you create your personalized financial plan with Fortunately, we outline which tax-advantaged accounts are most beneficial for your situation and how much you should be investing within each.
Check it out at buff.ly/3cbphGI
3. Control your emotions!
Don’t let your short-term emotions make your long-term decisions.
The stock market will go up & down, but after 5+ years it’s pretty unlikely you’ll have lost money investing (assuming your portfolio is well diversified) unless you sell.
You can Google “expense ratio” + the fund’s ticker symbol to find what the fund charges. Multiply that by the amount you have invested, and that’s what you’re paying each year.
If the expense ratio is high (over 0.1% or so) – it may make sense to look for a lower cost option.
Your asset allocation mix is too important a piece of your overall investing strategy to be left to chance.
Thankfully, a simple strategy exists that is logical, efficient, and easy to execute.
Welcome to the three fund portfolio.
We are among the many fans of three fund portfolios. Experts cite many advantages (see below), but the effectiveness of three fund portfolios pretty much comes down to the broad exposure and efficiency of ETFs.
A three fund portfolio is an easy way to manage your own investments while still achieving the goal of a well-diversified portfolio, with ETFs doing all the heavy lifting for you.
Visit livefortunately.com to see the perfectly weighted 3 fund portfolio optimized just for you
You don’t need a financial degree or even a budget to live your best life – all you need is the knowledge on where, when, and how to invest your money to reach your goals.
Want an automated financial plan like this one for yourself?
Create one in less than 5 minutes at livefortunately.com and try us out with a 30 day free trial.
If you are new to investing, now can feel like a crazy time to start. With talk of a recession, inflation on the rise… is now really the right time?
YES! ⏳ More time in the market will get you more💰than trying to time the market.
Here are 3 ways to get started investing…
When you’re ready to get started investing, you’ll first need to open a brokerage and/or a tax-advantaged retirement account. Second, in addition to the money you’re investing for future use, make sure you also have an emergency fund ready with 3-6 months expenses.