Starting late at 35
I just opened a Roth IRA for the first time ever and I am looking for some advice. I’ve done some research but as someone who doesn’t know anything I feel like I dove into the deep end. I know or at least think based on what I’ve read that long term growth is the most important thing for me to focus on right now. The problem is there are a million different ETFs out there and I am having a hard time deciding which ones are the best for me.
I’ll be depositing $400 a month right now and while I am doubtful that I’ll ever actually be able to retire I’d still like to have a little something. What I have settled on is a 4 way split of 50% VTI, 20% SCHG, 20% SCHD, 10% VXUS. I am not looking for exact financial advice or for a list of exactly what I should be investing in as much as I am just wondering if I am on the right path currently or if I need to do more research and go back to the drawing board. I guess I am wondering if I am missing something important with the choices I’ve made. The saying is you don’t know what you don’t know and that’s why I am here. Any advice at all would be greatly appreciated.