Avoiding risky stocks and sticking with boring index funds helps you stay on track for your retirement goals.
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective., which can be hard to grasp for some investors.
When it comes to investing, everyone wants to feel like the genius who picked a stock and made their money back many times over. While we might hit it right and buy an Amazon or a Netflix from time to time, odds are we are not investing enough money to retire on.. Single stocks can be very risky and may not make sense for all investors.
But the best retirement investment advice I've ever come across in my years in finance says to do just the opposite:Exciting investments might come with the possibility of 10x returns. But they could also come with the possibility of losing a big chunk of your money. To get a better understanding, let's look at two possible investments to see which makes more sense for your retirement account..
At the same time, VOO steadily chugged along. Made up of 500 of the biggest US stocks, the S&P 500 index had a great run over the last five years until theIf you had bought Tesla early enough, you could have made a return of thousands of percentage points. However, there wasBoring index funds consistently outperform professional stock pickers
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