How do I set investment goals for ETFs?
Setting investment goals for ETFs involves determining your financial objectives, risk tolerance, and time horizon. What specific goals do you have in mind?
I want to save for retirement and also for a down payment on a house.
Great! For retirement, consider a long-term growth strategy with a diversified ETF portfolio. For a down payment, you might want a more conservative approach. How far away are you from these goals?
I have about 15 years for retirement and 5 years for the house.
With 15 years for retirement, you can afford to take more risks. For the house, focus on stable, lower-risk ETFs. Would you like recommendations for specific ETFs?
Yes, that would be helpful!
Sure! For retirement, consider ETFs like VTI or SPY. For the down payment, look at more conservative options like BND or AGG. Would you like to know more about these?
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