Many baby boomers who are avidly focused on investing for their own retirement may also be looking to invest for their loved ones. Whether that's in the form of passing down some of their wealth at some day to their heirs (which means the better they do, the better their kids and grandkids will do), or simply adding funds to their loved one's 529 college savings plans, there are plenty of ways to invest in future generations.
Perhaps one of the most important metrics long-term investors can forget about when building their portfolios is the cost of constructing these groupings of stocks. Indeed, whether it's outright cost (in the form of an expense ratio for owning an ETF) or the cost associated with the time and effort to research individual stocks and input them into one's portfolio (even if there are no associated trading fees for these moves), investing can be an expensive exercise.