Wow. I'm impressed. Few making $60K can invest $30K. You've fixed any possible problem you may have with your savings rate. Boosting income could still help of course.Thanks. I had no idea I didn’t have enough money in it (note the sarcasm) I make $50k - $60k a year and won’t have a problem investing $30k a year into my 401k investments.
I’m invested in an index fund however I’d also like to add an actively managed fund to my portfolio, hence the FBGRX. Index funds are solid funds and traditionally safe bets, however I’d like have a fund focused on growing vs staying just staying in-line with the market. Theres nothing wrong with that.
The problem with actively managed funds is that few of them will actually beat a comparable index fund over the long term (especially after tax and expenses including the value of your time) and it's just about impossible to recognize the ones that do in advance and when they do, they beat it by such a tiny amount it wasn't worth teh trouble. . See pretty much anything ever written by Bogle, Malkiel, Ferri, Swedroe etc for details.
Index funds are not necessarily "safe" either. I owned an index fund in 2008 that invested in REITS that dropped 78% peak to trough. Few would refer to that as a safe investment.
Statistics: Posted by White Coat Investor — Fri Jan 31, 2025 10:04 pm — Replies 24 — Views 2114