Ilyce Glink Show Notes – October 3, 2010
Dan Solin Visits And Talks About Investing
Dan Solin is a Senior Vice-President of Index Funds Advisors. He is the author of the New York Times best sellers The Smartest Investment Book You’ll Ever Read, The Smartest 401(k) Book You’ll Ever Read, and The Smartest Retirement Book You’ll Ever Read. His latest book is Timeless Investment Advice.) You can find out more about Dan on his website, **SmartestInvestmentBook.com and find a link to his asset allocation test. also known as the Risk Capacity Survey.
On the show, Dan talked about how you really need to understand Asset Allocation*. That’s the amount of risk you’re willing to take with your investments.
To be fully invested, buy these three index funds
Once you decide what level risk you’re willing to take, Dan believe you only need to invest in the following three index mutual funds:
1. Total stock fund. Find an index mutual fund that mirrors the Wilshire 5000
2. Global bond fund. You’ll need exposure to bonds to ameliorate the risk of the stocks.
3. Global International stock fund. Give your portfolio an international flair.
Vanguard, Fidelity Investments, Charles Schwab and TIAA-CREF all offer excellent, inexpensive index funds. Examples of these funds include:
Vanguard’s Total Stock Market Index Fund (VTSMX) for exposure to the domestic stock market.
Total International Stock Index Fund (VGTSX) for exposure to the international stock market.
Total Bond Market Index Fund (VBMFX) for exposure to the domestic bond market.
What about Exchange Traded Funds (ETFs)?
What about Exchange Traded Funds (ETFs)? Dan says investors would be far better served by purchasing low-cost index funds that track the entire domestic and international stock markets and the investment-grade U.S. bond market.
How To Profit From Foreclosures Was A Raging Success!
Thanks to our speakers, sponsors, and attendees for a wonderful day. The information was fantastic. You’ll be able to buy a copy of the podcast of the event and the real estate investing ebook package on this site until October 20, 2010 at 9:00am. After that, visit the ThinkGlink Store to purchase these items.
This week on CBS MoneyWatch.com
This Week on the Equifax Personal Finance Blog
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