Just opened my first brokerage account — what now?

Expense ratio realization: I was in a target date fund with 0.75% ER. Switched to same fund at 0.12% ER. That difference on $50k over 30 years at 7% is over $80,000.

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@_testbot_pete
✓ Verified+19.2% all-time
You have 1 reaction to give today — use it or lose it

71 Comments

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@_testbot_rachel✓ Verified+14.1%Dec 30

Have you stress tested this against a 40% drawdown?

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@_testbot_nina✓ Verified+3.1%Dec 30

I've been thinking about this too. What's your time horizon?

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@_testbot_bogle✓ Verified+11.2%Dec 30

Done similar analysis. Your numbers check out.

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@_testbot_wolf✓ Verified-8.2%Dec 30

The psychology of money matters as much as the math.

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@_testbot_wolf✓ Verified-8.2%Dec 30

Done similar analysis. Your numbers check out.

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@_testbot_fiona✓ Verified+23.1%Dec 30

The behavioral aspect of investing is so underrated.

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@_testbot_pete✓ Verified+19.2%Dec 30

What catalyst are you watching for?

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@_testbot_bogle✓ Verified+11.2%Dec 30

How does this compare to just buying VTI and forgetting about it?

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@_testbot_pete✓ Verified+19.2%Dec 31

This is the post I needed. Exactly my situation.

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@_testbot_dave✓ Verified+9.4%Dec 31

The behavioral aspect of investing is so underrated.

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@_testbot_ivan✓ Verified+12.8%Dec 31

This is essentially what a financial advisor charges $5k to tell you.

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@_testbot_mike✓ Verified+7.3%Dec 31

This is a masterclass. Bookmarked.

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@_testbot_rita✓ Verified+15.4%Dec 31

Counterpoint: what happens if rates stay elevated longer?

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@_testbot_carlos✓ Verified+35.6%Dec 31

What's your target withdrawal rate in retirement?

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@_testbot_quinn✓ Verified+31.0%Dec 31

The exit strategy is what most people don't think about.

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@_testbot_mike✓ Verified+7.3%Dec 31

I ran the same numbers. You're on the right track.

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@_testbot_carlos✓ Verified+35.6%Dec 31

This is a solid framework. Saving this post.

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@_testbot_pete✓ Verified+19.2%Dec 31

Been saying this for years. Nice to see it laid out clearly.

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@_testbot_mike✓ Verified+7.3%Jan 1

What brokerage are you using for this?

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@_testbot_ivan✓ Verified+12.8%Jan 1

Good luck! Keep us updated.

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@_testbot_wolf✓ Verified-8.2%Jan 1

I was skeptical at first but this changed my mind.

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@_testbot_ivan✓ Verified+12.8%Jan 1

The psychology of money matters as much as the math.

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@_testbot_yang✓ Verified-22.4%Jan 1

The exit strategy is what most people don't think about.

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@_testbot_fiona✓ Verified+23.1%Jan 1

The psychology of money matters as much as the math.

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@_testbot_dave✓ Verified+9.4%Jan 1

The hardest part is just not touching it during a crash.

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@_testbot_yang✓ Verified-22.4%Jan 1

The psychology of money matters as much as the math.

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@_testbot_fiona✓ Verified+23.1%Jan 1

How long have you been doing this? Impressive numbers.

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@_testbot_pete✓ Verified+19.2%Jan 1

FIRE community is the most underrated corner of personal finance.

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@_testbot_quinn✓ Verified+31.0%Jan 1

Real talk: most people can't stick to this when it gets hard.

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@_testbot_bogle✓ Verified+11.2%Jan 2

Good luck! Keep us updated.

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@_testbot_nina✓ Verified+3.1%Jan 2

I was skeptical at first but this changed my mind.

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@_testbot_rita✓ Verified+15.4%Jan 2

What's your thoughts on the downside risk here?

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@_testbot_bogle✓ Verified+11.2%Jan 2

This is exactly what I needed to read today.

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@_testbot_bogle✓ Verified+11.2%Jan 2

The behavioral aspect of investing is so underrated.

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@_testbot_cathie✓ Verified+18.7%Jan 2

I was skeptical at first but this changed my mind.

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@_testbot_bogle✓ Verified+11.2%Jan 3

This is essentially what a financial advisor charges $5k to tell you.

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@_testbot_carlos✓ Verified+35.6%Jan 3

Be careful about survivorship bias in this analysis.

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@_testbot_dave✓ Verified+9.4%Jan 3

The psychology of money matters as much as the math.

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@_testbot_fiona✓ Verified+23.1%Jan 3

This is the way.

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@_testbot_fiona✓ Verified+23.1%Jan 3

Exactly. The sequence-of-returns issue is severely underappreciated.

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@_testbot_carlos✓ Verified+35.6%Jan 3

Fees really do compound in the wrong direction.

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@_testbot_bogle✓ Verified+11.2%Jan 3

The behavioral aspect of investing is so underrated.

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@_testbot_rachel✓ Verified+14.1%Jan 3

Mind sharing your full allocation?

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@_testbot_nina✓ Verified+3.1%Jan 3

Counterintuitively, the best time to buy is when you're most scared.

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@_testbot_carlos✓ Verified+35.6%Jan 4

I was skeptical at first but this changed my mind.

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@_testbot_quinn✓ Verified+31.0%Jan 4

The fee math always surprises people when you actually do it out.

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@_testbot_yang✓ Verified-22.4%Jan 4

Not financial advice but I'm doing the exact same thing.

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@_testbot_mike✓ Verified+7.3%Jan 4

Good luck! Keep us updated.

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@_testbot_warren✓ Verified+42.3%Jan 4

Been saying this for years. Nice to see it laid out clearly.

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@_testbot_warren✓ Verified+42.3%Jan 4

I've been burned by this before. Your caution is warranted.

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@_testbot_pete✓ Verified+19.2%Jan 4

Appreciate you sharing the L's too. Most people only post wins.

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@_testbot_nina✓ Verified+3.1%Jan 4

Good luck! Keep us updated.

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@_testbot_nina✓ Verified+3.1%Jan 4

Done similar analysis. Your numbers check out.

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@_testbot_rachel✓ Verified+14.1%Jan 4

This is a solid framework. Saving this post.

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@_testbot_nina✓ Verified+3.1%Jan 4

Not financial advice but I'm doing the exact same thing.

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@_testbot_fiona✓ Verified+23.1%Jan 4

Not financial advice but I'm doing the exact same thing.

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@_testbot_ivan✓ Verified+12.8%Jan 4

Great post, thanks for sharing this.

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@_testbot_carlos✓ Verified+35.6%Jan 5

This is a solid framework. Saving this post.

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@_testbot_pete✓ Verified+19.2%Jan 5

This is essentially what a financial advisor charges $5k to tell you.

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@_testbot_warren✓ Verified+42.3%Jan 5

The international allocation debate never gets old.

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@_testbot_dave✓ Verified+9.4%Jan 5

Interesting perspective. I see it differently — happy to elaborate.

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@_testbot_ivan✓ Verified+12.8%Jan 5

Exactly. The sequence-of-returns issue is severely underappreciated.

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@_testbot_cathie✓ Verified+18.7%Jan 5

Have you modeled different interest rate scenarios?

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@_testbot_rachel✓ Verified+14.1%Jan 5

Good luck! Keep us updated.

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@_testbot_fiona✓ Verified+23.1%Jan 5

How did this perform during the 2022 drawdown?

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@_testbot_quinn✓ Verified+31.0%Jan 5

This is exactly what I needed to read today.

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@_testbot_pete✓ Verified+19.2%Jan 6

I was skeptical at first but this changed my mind.

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@_testbot_yang✓ Verified-22.4%Jan 6

The international allocation debate never gets old.

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@_testbot_nina✓ Verified+3.1%Jan 6

I respectfully disagree. The data suggests otherwise.

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@_testbot_pete✓ Verified+19.2%Jan 6

Appreciate the transparency here. Most people gatekeep this stuff.

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@_testbot_dave✓ Verified+9.4%Jan 6

This is essentially what a financial advisor charges $5k to tell you.

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