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3 Terrible Funds for Retirees – and a Better Buy Now

In my last article , I pointed out that the S&P 500 is far from overpriced right now. All you have to do is dig a bit deeper than first-level investors to see that this is true. And while I do think it’s a good idea to buy stocks right now, I don’t think the SPDR S&P 500 ETF (SPY) or Vanguard 500 ETF (VOO) are good ways to do it. Before I get into why, let me first explain what these funds are. VOO and SPY are passive index funds whose job is to track the market, not beat it. So if you buy them and the market goes up, you’re fine. And if you have a long time horizon—meaning you’re investing money you don’t expect to touch for 30 years or more—you’ll also probably do alright with these funds. ... Read more
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