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Personally, I just put most of my money in VOO or QQQ. I wouldn’t bother with target funds right now as I think I don’t any bond exposure is necessary in your 20s.
When? I would say when you are less than 10 years out of retirement. If you look at any 10 year cycle in the past, even from the top of a bubble like right before the great recession, stocks have always come back to respectable annualized returns 10 year later.
Of course, past doesn't predict the future etc. etc.
Like everyone here is saying VOO, it’s diversified in 500 companies. The secret sauce is a pot of money young like 100k by 30. Then add bonuses, money every week consistently, then time in the market. It will double every 6-7 years initially, then it speeds up to where it’s doubling every 2-3 years. The problem is time, you need a lot as an employee to get what most would consider rich. Also when you’re in your 20’s don’t realize how powerful compounding is with a 20-40k portfolio they barely move year to year. At least I didn’t get it early on.
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Read Bogleheads. Doesnt matter much what kind of acct it is. That said, it can be a positive to put bonds in tax free accts.
S&P 500 and keep adding over the years
100% into VTI until you’re approaching retirement.
100% in VTI
VOO and hold.
As it has been said above VOO is great because of how cheap it is in management fees. It will save you thousands by retirement vs other S&P 500 ETFs
Note: No, I will of course not make any major financial decisions solely based off advice I receive and intend to do more research, but just looking for suggestions and places to start for people that are/have been in similar spots
Research highest paying funds and pick & choose 4-5.. Until you have $2M you don’t need advisors. Research and Math does the job.
This is terrible advice - past performance is not correlated to results and mutual funds have higher fees than the market index ETFs that you should be using for basic long term investing
I would recommend VTI or VOO
Given your age and lower risk 401k portfolio, I would put it all in iShares US Tech (IYW). Then don’t look at for 40 years. When you retire have a beer on your boat for me.
Whatever is the lowest fee total stock market index. Vanguard equivalents are VTSAX or VTWAX. Schwab may have their own equivalents.
Fidelity’s S&P500 ETF (FXAIX). Set it and forget it.
Read "The Intelligent Investor" by Benjamin Graham as a start. It's an old book, but basically lays out long term value investing. There is an new version with commentary from another editor that brings the advice into current environment. The basic conclusions are likely similar to the comments below. Pick 2-3 high growth, low-fee stock funds, and 1-2 growth bond funds and rebalance every 6 months or so based on a few market conditions like interest rates and inflation. Theres solid advice on balancing stock bond cash mix in the book for the investor who doesn't want to check in very much. Basically, set it and forget it...
Please don't take investment advice from anyone on this page. I was a financial advisor
for years. It's ok to give you info, but not specific recommendations as the do not know enough about you. So, info I would give you is that roth contributions can be taken out at any time. So...if you are planning to use some of the money pre retirement, invest in something appropriate for you and that time frame. Also, be honest with yourself about how much risk/volatility you are willing to tolerate. And finally, look at how expensive your options are. Is there an annual fee? How much is any transaction expense? Is there a fee if and when you pull money out?