December 6, 2012

Today in class I was looking at part five of the project. Since I am a pretty lazy person I think I would take the couch potato approach in investing. I would open up a Vanguard Target Retirement 2050 Fund account and invest $200 monthly. It only takes $1,000 to open up an account and it is made up of 63% US index stocks, 27% International stocks and bonds index, and 10% Bonds. The percentage of bonds also increases every year. I decided I wanted to be financially free in 29 years, when I'm 45, with $55,000 dollars every year. Now i have to find out how much i would have to earn to get that much and I have to look for a house I want to buy.