I clicked on Mr Money Mustache’s investment tag and read all of his articles on the topic. Super interesting!
I have to admit that I am a beginner investor. I started putting money monthly into an index fund at the start of 2011. Since I live in The Netherlands I didn’t choose for the Vanguard S&P index fund which MMM highly recommends.
The company I chose to invest money in is a small Dutch one. They work together with Vanguard, though. It tracks the MSCI indexes and it automatically reinvests dividends. Yay! I chose this particular company because their fees were the lowest. And even if you know a tiny bit about investing, you know the key is in the fees for the greater part.
Every month I buy 80% stocks of the global stock index and 20% bonds in the global bonds index. I also have an account in the name of my side business and I keep the same division there. My husband has recently opened an account and he splits his money into: 33% global stock index, 33% European stock index and 33% emerging markets index.
A couple of years ago I almost vomited when I was forced to read something economicyishly… Now, I devour these books! Unbelievable, right? I am so glad I decided to educate myself on stocks. It all started with (as it did for many EconoWise-Asses) a wonderful book called “Your Money Or Your Life”. Slowly but surely I am becoming more confident about the topic.
I noticed that almost all early retirement bloggers invest in index funds. So start educating yourself about it NOW!
On my reading list are (with thanks to Mr Money Mustache):
- The Intelligent Asset Allocator
- A Random Walk Down Wall Street
- Economics Explained
- The Boglehead’s Guide To Investing
- The Boglehead’s Guide To Retirement Planning
Do you invest in stocks and bonds? Why (not)?
Which books are on your wish list?
P.s. For all of you Dutchies: I read “De Schitterende Eenvoud van Indexbeleggen” and I invest with Meesman Index Investments.