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I’m only 28 so still building disposable income. -Employer 401k - allocated aggressively to blue chip index funds - Target date funds are trash
-Maxed out ROTH IRA - allocated to blue chip index funds and individual stocks I like
-$20k in a brokerage account - 50% allocated to S&P index fund and 50% allocated to stocks I like
-All excess cash above $3-4k in checking account is in a HYSA earning 4.5% interest
Yeah I go out but I’d consider myself frugal. Only fancy dinners every once in awhile. I don’t spend carelessly. Most of my spending goes towards home improvement. It also helps my wife also works and has a decent income ($75k). Also that brokerage account isn’t my yearly contribution it’s what is accumulated currently - not sure if that’s clear.
401k - target date fund. 50% US equities, 40% foreign, 10% bonds
Roth IRA - 100% into FXAIX (S&P500)
Real estate - have a small amount of real estate in my old country I'm holding for speculation
Liquid cash - keep around 3-5k in a checking for monthly expenses, and 20k in a HYSA earning 4.35%
Assuming the target date is a vanguard that only charges 4bps in the EY 401k, nothing really wrong with it. There's an argument that bonds are unnecessary below a certain age. You can make the same 401k portfolio with the S&P500 index, the intl fund option, the total bond fund, and small cap index options, but you're splitting hairs because vanguard doesn't charge unreasonable fees for their target date funds. Pretty much mirrors mine, except I have no bonds, and am weighted slightly heavier towards the US market, but that's just my bias
Subject Expert
100% S&P500
Because EY has horse shit policies for independence even if you're not involved in any aspect of an audit...
24 years old
Roth IRA: maxed all years since starting full time, all in on $VTI
401k: doing a 10% contribution on a 6% match. Consists of S&P500 etfs and some bonds
Investment account: some in growth stocks, 40k cash sitting in money market (5% yield). Probably not the best idea to sit on this much cash but haven't found a good opportunity to buy ETFs the past year. I know I missed out on big gains
Sorry matches is probably not the best term here.
They make a contribution which is 6% of the our wage for the year. We are 100% vested after 3 years. If you leave before the 3 years you don't get the contributions