4 pieces of advice to help you retire comfortably, according to people who have done it - Business Insider

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4 pieces of advice to help you retire comfortably, according to people who have done it

shares is exactly as it sounds: buying shares of stock and keeping them for years. While it isn't the most glamorous way to invest, Rosenberg's grandfather is proof that it works. "Picking good companies and sticking with them can pay off very well in the long run. He didn't follow some get-rich-quick scheme," Rosenberg writes. "He picked solid companies and held on as they grew in value over time.

While Rosenberg's grandfather built his portfolio by buying into Walmart very early on, it's also possible to use ETFs to invest in multiple companies at once and see growth. "Buying a low-cost S&P 500 ETF and investing more steadily over time gives you investment exposure to 500 of the biggest stocks in the United States. If history continues to repeat itself, chances are good you would do well with that type of investment over time," he writes.

Buy-and-hold investing doesn't require much maintenance when stocks simply sit and grow over many years. It's a relatively simple strategy that's a great option for anyone who still has many years before retirement. For many people, retirement is lasting longer. Personally, I learned about the benefits of long-term care insurance, a type of insurance that can

 

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