Hello Sophisticated Spenders!
Here’s an update the post I wrote on Money Magazine’s What to do with $1,000 post (Originally ran November 2011).
Their third suggestion was to pick up a few ETF’s (Exchange Traded Funds).
3-Set up a starter portfolio: Here are the stocks they suggest-$300 in Schwab US large-cap etf SCHX; $200 in Schwab US small-cap etf SCHA; $200 in Schwab international equity etf SCHF; $300 in Schwab US aggregate bond etf SCHZ.
I put $500 into these funds (because I am a wimp.
Here’s how they’re doing:
I paid $539.37 (fees included) for these 4 funds.
Now they are worth $688.39.
That’s an increase of $149.02!
Thank you Money Magazine!!
Did you follow any of the advice from their article?
I’d love to hear about it in the comments!