Hello,
I am a recent follower of MMM teachings, which have come to me via Optimal Finance Daily podcast. I think what the topics discussed are very relevant, even more today that most people are drowned in debt. Fortunately this is not my case.
I am very interested in investment, which for me is still a bit of an unknown universe. I understand the basics about risk and return on investment, but when you have hundreds of different funds to choose from, I find it dificult to start.
I have a company pension thru Vanguard (VFORX).
Recently I spoke with a financial adviser and he told me that I was probably risking a bit too much (I’m at 90/10 mix of stocks and bonds and his advice was for 80/20).
I also heard that company pension plans are not typically the ones that deliver return on investment and I am all for maximizing mine (within manageable risk).
I have about $17k in this pension, to where I am currently contributing 11% each month (I have another plan in another country). My company matches 50% of what I contribute, with a cap of 6%. Meaning they are contributing only 3%.
After reading some of the posts here, I started thinking that I should reduce my contribution to 6% (so I would still get the 3% from my company) and contribute the rest to a different investment (I was thinking VTI or VXUS type funds).
Would this classify me as at least a beginner mustachian?
Pt
