Fortunately @LiveFortunately
Fortunately is an automated financial planning tool and human blog that provides simple answers to complex questions. livefortunately.com San Francisco Joined March 2021-
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What else does it take to be a successful investor? Comment below 👇
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.
3 ways to become a successful investor
Learn more about what you can do about this at livefortunately.com/insights/the-s…
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.
If you're investing $1,000 per month and assume a 7% average return... After 30 years a 0.5% expense ratio will cost you almost $100,000 in lost returns – a difference of almost 10% 🤯 Would you rather send your portfolio manager's kid to college or your own? 🤔
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
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.
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.
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.
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.
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