25yo Teacher. Advice on current Investing setup.
Hello, I have been a follower for over a year now since really getting into investing at 24. I have been contributing to my works 457 and 401k since 23. Initially my work put me into the State Street 2065 Retirement fund, but I’ve moved it all over to the SP500 funds available. I also have my HSA fully invested into the Schwab SP500.
I have opened a Roth IRA over the last year and have been contributing my Side Hustle money to that and a brokerage account.
I intend to work to 35-40yo and then move fully into my online business. Right now it makes me nearly the same as Teaching but no need to drop one income stream yet, especially without kids.
My Roth is SP500 (SWPPX). My Brokerage is SWPPX, SCHB, and SCHG. I am trying to follow the advice from JL Collin’s book (A Simple Path to Wealth) but just funneling as much money into indexes as possible.
I have an ideal lifestyle setup, without any debt and very cheap rent and living costs and multiple streams of income. My fiance also does well at 25 with some school debt and a car debt but I manage her investments as well. Shes all into SP500 through her work Roth. She has no intention of retiring early or starting a business, she enjoys nursing.
My question is… Am I positioned correctly with my investments? Basically all Sp500, Total Market and Growth Stock (SCHG). I am avoiding the single stock hype and day trading as much as investing has become very fun for me. Am I missing anything? JL suggests perhaps International exposure but does say he would not be mad at anyone just prioritizing US Market as its by far the best wealth building machine.
Thoughts? Advice?