Building Your Money Machine
Building Your Money Machine
Mel H Abraham, CPA, CVA, ASA, CSP
Using Target Date Index Funds to Build Wealth
25 minutes Posted Oct 16, 2023 at 7:00 am.
Introduction
Investment options: stocks, funds, ETF, index funds
Risk in individual stock investing is high
Index funds and ETFs reduce risk and fees
Mutual fund orders take time to fill
Regularly assess and adjust your investment portfolio
Benefits of target date index funds
Limitations of target date index funds
Encouragement to take action
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Show notes

When you're just starting out, and you're wondering where to invest your hard-earned cash, what do you do? Individual stocks? Mutual funds? Index ETFs? 

It can be overwhelming, I know.

In this episode, we're going to simplify your decision-making process and introduce you to a safe and effective way to build wealth - target date index funds.

I’m going to walk you through what target date index funds are, how they're used, why they're important, and when you should use them. You won't want to miss this!

If you're looking to simplify your investment strategy and build wealth in a safe way, target date index funds are the way to go. Join me in this episode to learn all about them and take control of your financial future.

IN TODAY’S EPISODE, I DISCUSS: 

  • Understanding risk profiles and their impact on investing
  • The drawbacks of investing in individual stocks
  • The benefits of target date index funds

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