Ok, so maybe you are late to the ball game, or you have been fiercely investing your whole adult life but still feel like you don’t have enough, but want to protect what you do have. If your age starts with a -4-, you likely know what I am talking about. I recently wrote a piece discussing a few of my favorite Exchange Traded Funds geared for all investors. Now I am working through different age groups and pointing out some of my favorite ETFs that are more focused on each age group based on where investors are in their life cycle, their interests, and their investing temperament and goals.
Over the past few months, I began writing about different ETFs geared towards investors in different age groups. I have a piece for those in their 20's, a piece for those in their 30's, and today we are going to focus on ETF options for those in their 40's. One of the main difference between an investor in their 20's or 30's and someone in their 40's or older is 'time.' When you are young, you have all the time in the world, but as you get older, the time you have becomes more important.
So while a 20-year-old will and should take more risks with their investments, a 40-year-old needs to be slightly more conservative. But let's not forget you still have 20 years or more to save and give time for what you do have grow and then maybe another 30 years after that to live off your investment nest egg. So while you want to put a larger percentage of your money in safer bets, we don’t yet need to start a full-on conservation investment strategy.
With that information in mind, let's take a look at a few ETF's best suited for those in their 40's. Continue reading "3 ETFs Investors in Their 40s Should Buy"