Keeping it simple today because we had a crazy night yesterday (we had 20 high school freshmen over for an epic game night). Let’s jump right in to it shall we?
I’ve always believed investing should be kept simple. In fact, I probably keep things too simple. Since I am young, I have chosen to invest 100% of my retirement portfolio in stocks. The stock markets historical long-term performance is too good to deny. As a result, I’ve personally decided to invest in index funds. I invest in small, mid, and large mutual funds as well as an international funds (VTSMX, VGTSX, NAESX for those that care about the ticker symbol). I’ve contributed to the exact same funds since 2007, when I opened my Roth IRA.
This strategy keeps investing– something I’m not particularly interested in– easy. And for me, easy is crucial.
That said, I’ve been reading a ton about people investing in gold, commodities, and the like. Some people who were primarily all stocks, have jump shipped and are looking for alternative places to grow their money, while others are putting more money than ever before in the stock market because they believe it is on sale.
There is no right or wrong way to invest (this isn’t entirely true, but you get what I’m saying). Everyone has an opinion and I want to hear yours. I don’t want the comments to turn in to a pitch on why you think someone should or shouldn’t buy gold (that would be boring!). Instead, I just want to know “Has the recession caused you to change your investing strategy?” Have you become more conservative? More risky? Or are you like myself and haven’t changed a darn thing?
p.s. if you don’t invest your money in something, you are failing at life.