Hi, I am studying for my Level 1 (Slowly and this may be an inappropriate topic) but I am looking to start DCA into an equities index fund) I was thinking of an S & P Div index type fund but was wondering if anyone else had any ideas. Also my retirement is about 40 years away. (G_d Willing)
Best index for a forty year old is the Fidelity Forty (FFTYX)
FFTYX is a concentrated mutual fund (not passive at all) and it’s current manager doesn’t even own the three year number. Keep looking.
I’m pretty sure that was a joke.
The 40 yr thing is not very relevant. Buy SPY and put them in your retirement accounts.
Over a 40 year horizon, you may want some EEM in there too. Obviously not 100%, but maybe around 30%.
too early for xlf or uyg?