A millionaire who retired at 36 and invested in 9 index funds shares how one would have yielded him an extra $680,000 if he had picked it instead — and the funds he's decided to sell
in 2015, Jeremy Schneider invested money he made from selling his company in nine index funds.Below is a breakdown of the nine funds and how they compare to one target-date fund.
"I did what I thought people were supposed to do when they had enough money and did not need to work. And so I traveled and played video games and just had fun all the time," Schneider said."But after a year or so of that, I felt empty and wanted to work on something and help people." He had been curious about whether he made the best investment decisions. So he decided to compare different funds to determine which may have performed best. Using Portfolio Visualizer, Schneider plugged in the initial amount invested in 2015 of $2 million in the nine funds he held to reflect the exposure by percentages. Then, he compared the result to having 100% of the amount invested in a target-date index fund called the Fidelity Freedom Index 2050 Investor .
The $680,000 is based on a theoretical scenario for both funds with no additional deposits or withdrawals since 2015. In actuality, Schneider said he withdrew about 2% annually from his real-life portfolio, a ratio that avoids depleting his principal. According to his Fidelity account, his funds now sit at about $2.6 million. He's now investing in FIPFX through a Health Savings Account.
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