Portfolio foundation: index funds and target-date funds

Andrew recommends index funds, ETFs, and target-date funds as the core foundation for early investors.

Play episode from 18:14

chevron_right

Transcript

chevron_right

Transcript

Episode notes

Saving $10,000 is a milestone. Investing it correctly is a life changer. Here is the step-by-step plan to do it right.

What You'll Learn in This Episode

The seven-step framework for investing your first $10,000 the right way
Why tax-advantaged accounts should always come before a brokerage account and the exact order to fund them
The Portfolio Pyramid strategy that makes choosing investments simple for any new investor
The ten most common mistakes new investors make and how to avoid every single one
Roth 401k versus traditional 401k: how to know which one is right for your situation
Whether your Roth IRA contributions count toward the 50/30/20 rule (the answer might surprise you)
What to do when your employer 401k match comes in as company stock

Start Here

Join the community built to help you master your money, stay accountable, and reach financial freedom.

👉 Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here!

Partner Deals

Indeed → Get a $75 sponsored job credit http://Indeed.com/personalfinance

Policygenius → Free life insurance quote http://policygenius.com

Acorns → Start investing + get $5 bonus http://acorns.com/pfp

Monarch → The all-in-one financial tool + Get 50% Off at http://www.monarch.com/PFP

Shopify → Sign up for your one-dollar-per-month trial today at http://shopify.com/pfp

Wayfair → Get 80% OFF on April 25th through the 27th http://wayfair.com