Started my Roth end of March and was using the digital advisor. Decided I want to just do my own thing. Wondering if anyone has any thoughts about possibly dropping either of the bonds and maybe getting voo or more vti? Or grab qqqm?
45m btw
Is it better to keep dividend income earned from covered calls (when DRIP is turned off) within sgov (or comparable) in a taxable brokerage or Roth for a retiree? Over 59.5 and meet 5-year Roth criteria. Also using the dividends for ROTH conversions or other non-reoccurring expenses.
If Roth, why even bother with a taxable brokerage account?
Looking at best placement for essentially holding cash reserves with easy access and minimal taxation. Thanks!
Should I change something??? Second year in a row taking serious my ROTH IRA (VYM and VT where the first ones I invested in but since I been going serious I only go with VOO)
So I’ve been following this group for a while trying to learn some things and I mostly see people investing in VOO,FZROX etc but when I spoke to someone from Fidelity recently they recommended their target retirement funds. Can someone explain to me why one is better than the other? I’m a little confused. Thanks
No clue what I should put this next $250 inside of and I need some suggestions at the moment
Was looking into FXAIX
I invested $200 in my ROTH IRA in Schwab but decided I will continue to invest in Fidelity instead for the future. I cannot transfer my Schwab money to my Fidelity account, so I will just leave that there, and was wondering if this is okay? Is there anything I should know before I invest through the other app?
Hello! I just made my first Roth IRA account today and I’m super excited!!! I’m ready to set my future self up. Are there any tips or tricks that I may need to know to help me out? Thank yall!
I inherited 30k from a death trust I got when i was 16. Long story short I just got the money, but a couple months ago I was asked by my dad to come live on a sailboat with him for who knows how long starting this December/January. He’s well off financially so he already said he’ll pay for all cost as long as I’ll pitch in here and there for grocery’s or something. He did say I will need my own money to fund my own habits/ hobbies (ex. A new surfboard or going to a restaurant instead of eating on the boat). What’s the best way I could invest this $30-$35k plus whatever I can save in the next 6-8 months to give a decent return of a couple hundred bucks a month maybe even $1k. I bring home around $5k a month right now living in an apartment and pay around $1600 a month in living expense and have about $13k in debt right now which is mainly a car and about $1k on credit cards. I know I can pay off that debt with just my income alone by living frugally so where can I dump this $30k to let it grow and reinvest into itself to give off profitable dividends when I’m living on the boat. Any tips, advice, jealous hate comments welcome!
EDIT: I invested $3,000 into a VFIAX fund couple months ago as well so already have that
EDIT 2: Thank you guys for the recommendations! I definitely have some homework to do and will definitely be looking into many of the stocks you guys listed. I hope all goes well for you guys also!
Took a step back and calculated my net worth today. Money tied up in retirement accounts and stuff never felt real and neither do RSUs
I’m just shy about $210k- the majority of which is in my Roth IRA, brokerage, and vested/unvested RSUs (more RSUs coming soon).
Rest of money is in my car, HSA, 401k, and checkings account.
Anyone older with more experience have any suggestions on how to protect this and grow it fairly aggressively?
I just made my first contribution towards my Roth IRA. I know it’s only $25 but I definitely plan to put more money into it going forward, does it look like I did everything right?
So I have gotten an extra 800 for some stuff I sold thinking about putting into robinhood ( iaso have fidelity with about 1k, what should I pt the 800 into non robin hood im thinking of transferring over the other 1k also due to the 3% match on robinhood
So for the first time at 30 years old I’ve decided to start investing and I really don’t know what I’m doing. So I’ve maxed my Roth IRA and opened a personal taxed brokerage, but my Ira is now saying I have $40 of buying power. Can I re invest that or do I pull it out? Is that like money I’ve made just from having these stocks? Also have no idea if it’s dividends or where the money came from. Thank you in advanced I am a noob.
Open to any advice. Have maxed out the past couple years. Thank you!
As the title states. I’m a complete noob. I’ve been trying to research over the last few weeks and I’ve definitely learned a bit so far but, it’s a lot.
I am looking to open a Roth IRA for the first time. I was thinking of opening an account with fidelity, but I see Sofi seems to have high ratings and was curious which may be better to go with?
Is there an amount of money that is good to start with? What should be my goal to start with is I guess what I’m really asking.
Any recommended strategies or funds considering my age?
If it helps, I do have a 401k through work that I currently contribute 10% to. They match 50% of the first 5% of pay. I started very late and only have about $10,500 in my 401k.
Not sure if it’s beneficial to include my gross earnings but thats usually around 73-75k/year.
I also have a HYSA account with more savings in there.
I don’t want a headache. I want something I can grow with low stress but would still yield me decent results so by the time I am ready to retire I actually have a little something.
If there is any other info that may be helpful please let me know. I appreciate any help, this is all very daunting to me.
I’ve had a custodial Roth IRA and recently rolled it over under my name. I was scrolling through the subreddit and kinda built my portfolio off of that and just wanted to get some feedback!
Open to anything. Am fairly new to this.
Hello,
Can I get some advice on what to
Open for my Roth , which platform and any stock that are recommended ? Not really a financial person.
I have a Roth IRA already with 200 dollars. (Going to put more money later). I also have a 401k with around 2,250 dollars because I interned at JPMC for 2 years and I’m now leaving the firm. Should I rollover the 401k to a Rollover IRA and transfer it to my Roth or just keep it?
23 years old and just graduated college. I’ve been investing consistently while working through school and recently crossed about $90k net worth with no debt. All of this is currently inside a Roth IRA.
Most of my gains came from long-term positions in tech and semiconductors like NVDA, AAPL, CRWD, TSMC, MU, WDC, along with holdings in QQQM, VOO, and SMH. I started contributing around 18 and definitely benefited from the AI/semiconductor boom and had some luck with timing, but I’ve mostly just stayed consistent and held through volatility.
I’m also getting ready to start a role at a very established and well known financial company, so I’ve been thinking more seriously about long term diversification and risk management instead of just chasing growth. Since it’s a trading/financial firm, I also have to be more careful with buying and selling and would need approval/compliance clearance before making certain trades.
My question is, would it be smarter to start trimming some of these positions and diversify more into broader index funds/retirement-focused holdings before starting at the firm, or should I continue holding my current positions long term since they’ve been strong performers for me?
I’ve been putting money into my Roth IRA since I was 18. Although I have not been consistent but I have been better after I turned 20. I put in $200 every month but after looking into this subreddit I’m thinking $400-600. Nor did I know I was supposed to invest in certain funds like VOO, FXAIX. This whole time I’ve just been putting money into it and only invested in SPAXX. Now this is just my ROTH IRA. To be honest I don’t know what I’m doing at all. A buddy just told me to start investing at 18 and I did very noob like. What can I improve here?
I recently started a 401 K with my employer which holds 2,179.13 as of now. I put in 8% and they match up to 6% of my eligible compensation. They also note that my employer matches 50% of my first 6% of my pay. The reason I add this is because I was talking to my uncle and he said I should invest all my Roth IRA into my 401 k so that I can double the compounded interest (something like that). I’m not so sure if I should do that because I like that I can invest and control the different funds.
Also! I put money into a savings account, this I put roughly $400-500 each pay check into. But now that I’m looking into this, should I just put that money into a standard brokerage account? Because I have navy federal so I do get just cents back when I have a savings account.
Let me know how I can go about this, what I should research so I know what I’m investing in. I like reading the comments as you all have personal experience and are probably much older and wiser than me.