The Quiet Revolution in Open Learning
chronicle.com7 pointsby mechanical_fish0 comments
1. surf to Amazon
2. get the free Kindle version of William Bernstein's *If You Can* [3]
3. read it
4. Contemplate the inevitability of your own death.
5. build a spreadsheet
6. Make some strategic decisions
7. open a Vanguard account before noon tomorrow
8. Carry out at least four trades.
9. Set up an automatic investment plan.
10. Repeat steps 4 and 7 every year without fail for the rest of your career.
DON'T DO THIS. You are going to put this off for months. And every year you put it off will cost you in the end. 1. Open a Vanguard account before noon tomorrow.
2. Visit this page:
https://investor.vanguard.com/mutual-funds/target-retirement... ... and pick the fund that matches your age.
3. Buy some of that fund.
4. Set up an automatic investment plan to buy more of that fund.
DO THIS TODAY, I BEG YOU, YOUR KIDS WILL THANK ME ONE DAY. 54% VG Total Stock Market index (expense ratio 0.05%)
36% VG Total International Stock index (expenses 0.14%)
7% VG Total Bond Market II index (expenses 0.07%)
3% VG Total International Bond index (expenses 0.19%)
Weighting all those expense ratios by their fraction of the portfolio, I compute that I can achieve an overall expense ratio of 0.09%. So I'm saving 0.09% compared to letting Vanguard do the work.
We'd spend hours watching TV, often while simultaneously being really bored. I can hum the theme song to "Eight Is Enough"; nothing found on Facebook is more terrifying than that.