How to invest for retirement when you're just starting out
This post is for my friends and family just getting into the workforce and considering investing for retirement or to meet their financial goals. This is stuff I wish I knew when I first started out, and I’ve come to these conclusions based on lessons accrued through trial and error and hours upon hours of consuming market related books and media. If this stuff fascinates you like it does me, feel free to reach out and I'll give you plenty of books or places to find good content. 3 Tools of Portfolio Management This comes from David Swensen, manager of the highly successful Yale endowment fund. His book, Pioneering Portfolio Management, serves as the bible for asset allocation. Here are his three tools: 1) Asset Allocation – The goal of the portfolio is provide equity-like returns of 7-10%, compounded annually, with minimal risk. In order to achieve these goals, your portfolio should have an equity bias. However, putting all of your money in an S&P 500 index fun