I’m Retiring With Less Than $1 Million | Only Buying VOO
Here is the good news, by the time I turn about 36 years old, I’ll have about 1.2Million dollars invested, here is the better news, today I have less than a third of that about invested, and that’s more than enough for me to retire. Any person watching this video who makes at least 25k a year can retire with 175k no problem
But that’s another video for another day, for today, I’ll be telling you guys, how I buy and why I only buy VOO for retirement.
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VOO ( What )
Well its an investment, and its classified as a mutual fund but within that classification its also an index fund
And the reason is, because the managers are only trying to mirror the market performance, they are not trying to beat it, so all they do is buy exactly what they need and they hold and make adjustment when needed
This means its super low cost and effective for the most part
Now to be more detailed
This the s&p 500, which is 500 largest companies in the US, and it accounts for 80% or so of the US stock market output.
So I don’t need to buy the total stock market, because its more than enough
More details
This ETF, cost about $379 curently
Makes on average 10.53% annualized
And cost .03% as an epenses ratio
Basically:
If I invested $1000 per month for 15 year
I would have about $397k and just another 5 years it would be 730k
Total annual expense $219 IF I’M NOT MISTAKING ( basically nothing )
Voo ( How)
I used vanguard
Its one of the biggest brokers, oldest brokers, and has great customer service plus its obviosuly cheap
You can open up a Retirement account or Individual account and start investing today
Sound like an ad but its not an ad
Voo ( WHY )
Some people have a bunch of mutual funds in different sectors, small cap,mid cap and even international markets
But here is my understanding
Diversified Enough:
You have 500 large and succeful companies
All involved in different industries with different customer bases
If one company goes out, another one steps in to replace it
International Exposure
People say you want to invest into companies outside the US
But most of these companies already do business outside the US
Apple, Tesla, Microsoft and McDonalds
Their profits are not just US base
Isnt it to aggressive
not really, but yes
You could experience a massive deep for along time
But that’s why you want to be covered in life ( no debt, emergency account, good job, paid of home and not needing to rely just on the market )
What about the Bond question
Long term stocks outperform bonds 100% of the time
So even when I retire which I don’t plan on doing really
I’ll keep this portfolio, because bonds are more for volatility not really risk management
Meaning:
My all-stock portfolio will make me more money
The only thing I have to do, is not panic and keep investing.
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.
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