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The ideas, concepts and everything else on this blog, excepting of course comments made by others, are simply my opinion based on what has worked for me and what has kicked me in the ass. It may not continue to work for me and it may not work for you.
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Love to read here.
Just a thought . . . not that I’m a lawyer…
Looking at the following text “…By leaving a comment on this blog it becomes the property of jlcollinsnh.com and it may be used in another post, article or book. …”
I wonder if you might be better served by adjusting a portion of that from “…becomes the property of jlcollinsnh.com…” to something along the lines of “…becomes licensed to jlcollinsnh.com in an ulimited fashion, though the material itself is solely the product and property of the posting entity…”
My thought may be obvious, though if not, I suspect it’s a better liability to have an unlimited license to use the product rather than becoming the owner of the product, with whatever liability the ownership may carry.
If you happen to read this comment and find it way off base, I look forward to finding out how/why.
Cheers
Farmboy
Often willing to “pay it forward” & encourage others to do the same . . .
Thanks Farmboy…
Glad you like it!
Thanks, too, for your suggested phrasing. It may well be better than what I’m using, or not. Thanks for giving me a chance to reconsider it.
I’m not a lawyer either and am just trying to let people know what to expect when they post comments and questions and I respond.
I know we have lawyers out there reading. Any thoughts?
Thanks Tom again for your thoughts.
There is now new lawyer-approved phrasing in place!
Hi Josh
Thank you so much for all of your work. It has really helped me and my family.
Do you have any suggestions for my 21 year old son? He has about $1200 in the vanguard star fund. It was in the target retirement fund, but was losing money. We know this is long term. Any other fund suggestions? He makes about minimum wage & is putting in about $10/mo.
Thank you,
Carrie
Hi Carrie…
I’m not sure who Josh is, but this is my take…
The important thing at this point is that he is saving and investing. That is a huge positive step. Kudos to you both.
I would have left the money in the Target fund. All funds are going to drop periodically. The Star fund will too. This is a natural part of the process and the key to successful investing is to ignore it.
Now that it is in the Star fund I would leave it there until he has the $3000 minimum to invest in the Total Stock Market Index Fund VTSMX.
Once that grows to $10,000 it can move to VTSAX, the same portfolio with lower costs. Vanguard does this automatically I think, but pay attention and remind them if needed. This move will be tax free.
Have him read https://jlcollinsnh.com/stock-series/ and/or my book for the reasons why.
Remember, both VTSAX and VTSMX will also drop in value periodically and well. The Series and the book will explain why this doesn’t matter.
Hey man,
thank you so much for the book SPTW. It made it so much easier for me to explain investing to my kids. Has anyone contacted you for publishing a German version? Maybe with some additional notes for German users? If not let me know as I would love to see a localised version!
Best,
El
Thanks El…
..glad you liked it.
We just inked a deal to publish the book in Korean, but nothing in German as yet.
If you are a German publisher and have an interest, please let me know and I’ll put you in touch with my agent.
Thank you, Mr. Collins, from the bottom of my heart for your book and blog. You have changed the trajectory of my future, as well as the future of my husband and my two (very) young children. You are my hero, as much as Jack Bogle is yours, and I am so grateful to you for sharing all of your knowledge and sass! Please keep it comin 🙂
Awe…
…you made my day, Jennifer! 🙂
Just wanted to say thank you for your simple book! I have previously rolled over an IRA to a high fee firm without really understanding it. Probably have lost quite a bit of $$ in the process but thankful to be figuring this out in my 30’s. Plan to move all to Vanguard soon with advice from your book. Also, coincidentally, I am losing Vanguard as a employer retirement account manager to fidelity this year. Your book is helping me navigate the waters on what to do with that change. Thanks again for making the stock market simple to understand to a healthcare minded (and not at all a stock market minded) girl.
Thanks, Shannon…
…You made my day! 🙂
I loved listening to your book and am having my 3 kids (ages 5,9,13) listen to it during the drives to school and back. I have been following your strategy – for the most part – since about 2004 as my Finance professor during my MBA also advised the same, after he had all 40 of us do a “beat the market” project. He demonstrated that even those that came “ahead”, had taken a higher risk and ^so^ hadn’t in fact beat the market. That project was eye opening for me and your book was a much needed refresher as it had been 14 years since this learning. The only thing that was different is my professor advised VGSPX (now VFIAX) and not the VTSAX. Can you please explain why you recommend the total market and not just the S&P 500?
Thanks,
Rochelle
Hi Rochelle…
First, I’m not sure making your kids listen to my book isn’t a form of child abuse. 😉
But from my point of view, the first part of your comment would make a wonderful 5-star review on Amazon 🙂
Kudos to your professor. Hope you sent him a copy of my book?
As for your question, I address this in Addendum 1 in this post: https://jlcollinsnh.com/2013/05/02/stocks-part-xvii-what-if-you-cant-buy-vtsax-or-even-vanguard/
In short, VTSAX adds small and mid-cap stocks to the S&P 500 for broader coverage. But the S&P 500 makes up 80% of VTSAX so the difference is slight, as is my preference for it.
If you have VFIAX, it will serve your needs just fine. 🙂