I would be really interested to learn what the default advice for retail investors is across countries.

In Germany the consensus is MSCI World or FTSE All-World ETFs.

I believe in the US most advice goes to VTSAX (US Total Market), VOO (S&P500) and maybe QQQ (NASDAQ100) which means only US stocks.

What gets recommended in other countries?

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khuey 3 hours ago | parent | next [-]

Generally the default fund in a decent 401(k) (employer managed but largely employee funded retirement plan) will be a "target date retirement fund" that contains a mix of equities and bonds according to the expected risk tolerance of someone at that age, and generally the equity component is also split between US and foreign equities.

e.g. Fidelity's fund for people planning to retire around 2050 https://fundresearch.fidelity.com/mutual-funds/summary/31579...

	▲	oezi an hour ago \| parent \| next [-]
		3% less annual returns than the S&P500 over 10 years and the entire fund lifetime. That's a considerable difference.
	▲	itake an hour ago \| parent \| prev [-]
		target date funds always confused me, b/c they don't account for the rest of my portfolio. My IRA/401(k) actually has close to 100% cash/bonds to minimize annual taxable impact and the rest of my portfolio is equities.

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amarcheschi 2 hours ago | parent | prev | next [-]

Italy - vwce or any all world

This of course if you're doing by yourself, banks definitely won't recommend that but some other bullshit fund with high costs and poor performances

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rafram 3 hours ago | parent | prev [-]

Disagree on that being the advice in the US. Most basic investment advice (and target-date funds) will use a three-fund portfolio containing US, ex-US, and bonds.

	▲	oezi an hour ago \| parent [-]
		In Europe bonds are mostly out of fashion because they pay very little or have considerable risk of default. At least for retail investors.