FYI: One of Andrew's friends recently cashed in a variable annuity. He bought it years ago, before he realized it was a high-cost rip-off. “I want to invest the proceeds,” he said. “What do you recommend?” He already owned one of Vanguard’s Target Retirement funds. These are complete portfolios of indexes rolled into a single fund. They’re diversified. They charge low fees, and they get rebalanced once a year.
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/why-value-stocks-are-now-priced-to-dust-growth
Comments
Vanguard Growth Index fund: -2.7%
Vanguard Value Index fund: +0.2%
Vanguard 500 Index fund: -1.0%
Regards,
Ted