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☆ A 37-year-old who built a seven-figure net worth and considers himself 'semi-FIRE'd' explains how his investment strategy has evolved since picking stocks and 'gambling' money in his 20s
▼ + stars: | 2024-11-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

AdvertisementAndre Nader found himself in a financial hole after losing money trading options. He shifted his investment strategy and started buying low-cost index funds. He owns various Fidelity and Vanguard index funds, including VTI and VXUS. Andre Nader lost a good chunk of money in the stock market in his early 20s. Nader, who considers himself "semi-FIRE'd" since his wife still works, owns various Fidelity and Vanguard index funds.

Persons: Andre Nader, VXUS, Nader, Nader —, —, I've Organizations: Fidelity, Vanguard, Bogleheads, Meta, Market, Index Fund Locations: San Francisco

☆ Revenge of the 'Bogleheads'
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRevenge of the 'Bogleheads'CNBC's Kate Rooney joins 'Power Lunch' to discuss on the return of 'boglehead' investors.

Persons: Kate Rooney

With the meme-stock rally in the rearview mirror and interest rates surging, individual investors are rediscovering the philosophy made famous by Vanguard's founder, Jack Bogle. Fans call themselves "Bogleheads," and the strategy "lazy" investing. Dan Griffin, a self-proclaimed Boglehead based in Florida, said he watched the meme stock rally in amusement. The current market condition is proof that his "tortoise" investing approach is the right one to building long-term wealth, he said. "The meme stock phenomenon seemed so focused on being incredibly plugged into your portfolio and monitoring your investments — I see the Bogleheads' philosophy as being antithetical to all of that."

Persons: Jack Bogle, Dan Griffin, Boglehead, Griffin, Christine Benz, Morningstar Organizations: GameStop, CNBC Locations: Florida

☆ 44% of savers in their 20s and 30s want to retire by 60, but few are on track—see how you stack up
▼ + stars: | 2023-08-28 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Some 44% of retirement savers in their 20s and 30s say they want to retire by 60, according to a recent survey from the World Economic Forum. Some investors have multiple 401(k) accounts from multiple jobs, and others are saving in other types of accounts, such as individual retirement accounts or regular brokerage accounts. Still, there's no doubt that many younger Americans currently aren't on track to retire at the current full retirement age of 67, let alone at 60. Here's how financial pros say you can calculate whether or not you'll be able to retire when — and how — you want. Then assume a withdrawal rate — what you're going to take out every year while, hopefully, your investments continue to grow.

Persons: you've, you'd, Russell Gaiser, Christine Benz, Critics Organizations: Taco Bell, Economic, CNBC, Fidelity, Morningstar, Benz

I used to tell myself I could either live a life of passion and fulfillment, or I could be wealthy. Now in my 30s, I'm motivated to create a real plan towards real, long-term financial freedom. It's important when thinking long-term to consider what you need to be happy and fulfilled, because the truth is this is the only sustainable option. Now I'm motivated to create a real plan towards real, long-term financial freedom. I used to think that being wealthy meant sacrificing my values, and this is just plain wrong.

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