Hello Mustachians,
My dad lived his entire life by mustachian principles and successfully saved until he passed away two years ago. Growing up in a mustachian household I learned the principles and now that I am an adult I see the wisdom of his ways. It took most of my 20's to see my mistakes and those mistakes led me to this website. Thank goodness they did!
What I need your help with is where to put the money I received from my dad. My current salary is about 100k and I already max out my 401k and have an emergency fund I keep in dividend paying stocks that I add to monthly through Scottrade and I have no debt. After my dad passed I received about 600k in liquid capital. After visiting 6 different financial advisors and even a couple insurance salesmen disguised as advisors who all tried to sell me an overly complex product or fund that has grown 33% YOY, etc, etc. It all seemed far to fishy to me and thankfully I listened to my dads voice in my head, read all the documentation (or lack thereof) and decided is was all bogus.
The last 6 months I have been learning about the DGI and buy-n-hold strategies which appeal to me. I've decided upon Vanguard funds but need some help on choosing which ones will serve my goals best. My overall goal is to set and forget the money until I am ready to retire.
What are you thoughts on the VFIAX and/or VYM funds?
Thanks,
K