You Only Need To Invest In These Three Mutual Funds, Says Dan Solin

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.

READ MORE: Invest in these three index mutual funds

Get Rich By Doing Nothing

My friend and MoneyWatch.com colleague Kathy Kristof gives her take on how to save – by not spending.

**READ MORE: Get Rich By Doing Nothing

Need Help With Your Mortgage? Try These Resources

Office of Thrift Supervision

FDIC Consumer Complaint Form

Making Home Affordable HAMP

File A Complaint With The OCC – HelpWithMyBank.gov