Keep it Simple - 10 Rules for Building Wealth
February 5th, 2007 by digerati
If you have a full-time job and it’s not picking stocks, acknowledge that. Choosing three or four index funds - say, an S&P 500 fund, an EAFE fund, and a small-cap stock fund - will give you broad exposure. ETFs (low-cost mutual funds that trade like stocks) are also an easy way to invest in more exotic asset classes, like commodities. If you’re close to retirement, consider life-cycle funds from Vanguard or T. Rowe Price, which will automatically rebalance your account according to your goals.
Originally from Fortune via CNN Money.
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