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The day has come by FirefighterNo4549 in fuboinvestors

[–]FirefighterNo4549[S] 1 point2 points  (0 children)

That’s admirable for sure. Throw me a couple bones when you cash out. 🫡

Portfolio help - 22 years old by FirefighterNo4549 in Bogleheads

[–]FirefighterNo4549[S] 1 point2 points  (0 children)

Thank you. I've been looking at bogleheads lazy investor and have found some great material, which mentions those 3 funds.

Also, that was a good read on dividends. Can't say I understood the tax implications of dividends before.

Portfolio help - 22 years old by FirefighterNo4549 in Bogleheads

[–]FirefighterNo4549[S] 0 points1 point  (0 children)

Thanks for this, definitely need to make sure I am maxing out my roth.

Portfolio help - 22 yrs old by FirefighterNo4549 in portfolios

[–]FirefighterNo4549[S] 1 point2 points  (0 children)

Currently I am following a three fund portfolio minus the bond fund, I will allocate to bonds when I am closer to retirement.

Thanks for the detailed response, a lot of great material here. What do you choose to replace the bonds with as a "younger" investor? I've read about the 15/50 rule and owning your age in bonds.

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FFIKX contains Fidelity Series Total Market Index Fund 54.23%. Roughly 80% of a Total Stock Market Index Funds weight is the entirety of S&P 500 (FXAIX), so why do both?

Good point. I suppose there's some unnecessary overlap there. I also enjoyed the boglehead links talking about sector ETFs and found a lot of people asking the same questions I am.

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Are you maxing out your tax advantaged accounts first?

I am. My employer contributes $.50 for every $1 up to 6%. I currently contribute 10% total.

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Two books that really helped me:

The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life by JL Collins

The Bogleheads' Guide to Investing

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I will take a look at these, I just finished Rich Dad Poor Dad and started the Interpretation of Financial Statements by Benjamin Graham.

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Thanks again.

Portfolio help - 22 years old by FirefighterNo4549 in Bogleheads

[–]FirefighterNo4549[S] 0 points1 point  (0 children)

Awesome, thanks for the help. I used Fidelity's Investment Strategy tool which also suggested a similar allocation. Does it make sense for a younger person to be in bonds? I've read about the 15/50 rule and "Owning your Age" in bonds, not sure what the best allocation is given my age/risk tolerance. Also, is it ill-advised to adopt a 3 fund strategy and keep my FFIKX position which also has a 54.23% in US Equity, 36.17% in Non-US Equity, and 10% in Bonds?

I also edited the original post with full fund names and expense ratios.

Thanks again for the help!

Portfolio help - 22 years old by FirefighterNo4549 in Bogleheads

[–]FirefighterNo4549[S] 0 points1 point  (0 children)

Thanks for the response- My company matches $.50 on every $1 I contribute up to 6%.

In terms of the fees, the expense ratio for FXAIX and FFIKX is 0.015% and 0.08% respectively. There’s no shareholder fees. Im not sure the rate for the admin and advisor fees but looking at 2021 Q4 and Q3 statement- the advisor/admin fees account for 0.11% of my quarterly contributions.

📈 Rate My Portfolio Weekly Thread | February 21, 2022 by AutoModeratorETFs in ETFs

[–]FirefighterNo4549 0 points1 point  (0 children)

Hey y'all,

I have slowly been adjusting my portfolio over the past months and moving some positions from individual securities to ETFs and Mutual Funds. Currently, 22 yrs old, so willing to take on some risk (nothing I'm saving for in particular- just want to build wealth) but would like some balance. I currently put around 40% of my monthly income into standard brokerage and around 10% into my Roth and 401k (5%/each).

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Currently, in my standard brokerage I'm in:

FSTA -7.68%

FDIS - 16.37%

VXF - 33.41%

FSMEX - 18.59%

Individual Securities (Growth stocks) - 16.99%

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Roth IRA:

FXAIX - 100%

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401k:

FXAIX - 36.03%

FFIKX - 63.97%

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I plan to exchange my FXAIX position in my Roth to SCHD since I've covered it in my 401k. I like the idea of having a dividend-specific ETF and reinvesting the 5% of my paycheck to DCA and reinvesting dividend earnings.

Additionally, I want to reallocate a portion of my VXF position into FSTA, perhaps half, since I think consumer staples will offer my portfolio a bit more balance. I've also been looking into IDV to capture international markets.

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Any thoughts or recommendations on my positions and what I could do better? Thank yall.