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.