Replace BNDW with VAGF (#346)

* Replace BNDW with VAGF VAGF is EUR-hedged and auto-invests dividends. This is much better for most EU citizens. * Replace VWRA with VWCE VWCE is in EUR, VWRA is in USD. Most people that read this will want EUR. * Add https://indexfundinvestor.eu/ to reading list * Update 5_People/personal-finances.md Co-authored-by: Dejan Murko <dm@niteo.co> * Update personal-finances.md --------- Co-authored-by: Dejan Murko <dm@niteo.co>
teamniteo · Jul 25, 2024 · e3024f8 · e3024f8
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diff --git a/5_People/personal-finances.md b/5_People/personal-finances.md
@@ -92,8 +92,8 @@ We'll be buying whole-market index funds for stocks and bonds.
 
 We're looking to invest in the lowest cost funds by a large and reputable fund. Niteo, Dejan, and Nejc all invest in [Vanguard's](https://en.wikipedia.org/wiki/The_Vanguard_Group) funds:
 
-- VWRA for the global stock market (listed as VWCE in EUR)
-- BNDW for the global bond market
+- VWCE for the global stock market (VWRA for non-EU people)
+- VAGF for the global bond market (BNDW for non-EU people) 
 
 How should you split your portfolio between the two assets? The most popular split is 70% stocks and 30% bonds. If you're young and have the stomach for higher volatility (change in portfolio value), you can go higher with the stocks. When you're closer to retirement, you start adding more to bonds.
 
@@ -109,8 +109,9 @@ If you'd like to learn more about investing, [Ben Felix's YouTube channel](https
 ### TL;DR
 
 - Open an Interactive Brokers account.
-- For 70% of your portfolio, buy Vanguard's fund VWRA for the global stock market.
-- For 30% of your portfolio, buy Vanguard's fund BNDW for the global bond market.
+- For 70% of your portfolio, buy Vanguard's fund VWCE for the global stock market.
+- For 30% of your portfolio, buy Vanguard's fund VAGF for the global bond market.
 - Invest whenever your savings hit $5000.
 - Buy and hold until retirement.
 - If you have a house loan but want to invest, see [Ben Felix's video on the topic](https://www.youtube.com/watch?v=AKc01jo1qLw).
+- Another great resource is https://indexfundinvestor.eu/.