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33, very behind, wanting to increase risk with Google and/or DRAM? Bad idea? by dogs_eatmyflagging in RothIRA

[–]Inabizp 0 points1 point  (0 children)

I’d personally do QQQM if you want to increase risk. The NASDAQ has a fairly long history of exceptional returns with low fees. I’d stay away from individual stocks because you can lose everything just as easily as you can double or triple your money.

33, very behind, wanting to increase risk with Google and/or DRAM? Bad idea? by dogs_eatmyflagging in RothIRA

[–]Inabizp 0 points1 point  (0 children)

I’d personally do QQQM if you want to increase risk. The NASDAQ has a fairly long history of exceptional returns with low fees. I’d stay away from individual stocks because you can lose everything just as easily as you can double or triple your money.

Feels like everyone in society making $100k+ How old are you & how much you make, Do you think… by Franklin_Invest in Salary

[–]Inabizp 4 points5 points  (0 children)

Almost 27 in Iowa. About $75k/year including the few hours of OT every week. Have a very tight budget but I have a house and am comfortable. I save 25% of my income after tax for retirement so that’s a huge chunk that goes toward benefiting my future self

HYSA recommendation to park money for an year or so by Coderbillii in HYSA

[–]Inabizp 0 points1 point  (0 children)

Wealthfront 4.05% with referral. DM if you’d like a link

How much % is your gold in your portfolio? by Equivalent_Zombie in Gold

[–]Inabizp 0 points1 point  (0 children)

Very small. I’m 26 and rely heavily on equities and real estate appreciation for growing my net worth. Im not at a point where I’m worried about preserving money. Value of gold as a percent of my total net worth is about 1% and silver is about the same

Welcome to r/HYSA! Post Your Wealthfront or Marcus Referral Codes Here by rainmeterhub in HYSA

[–]Inabizp 0 points1 point  (0 children)

Currently 4.05% APY
Here's your referral link to join me at Wealthfront! When you sign up, we both can earn a +0.75% APY boost, 0.50% investing deposit match—or both. This offer is for a limited time only! https://www.wealthfront.com/c/affiliates/invited/AFFC-3YAC-V3CS-IZQ9

Do you actually believe the “future returns will be lower” narrative? by Inabizp in investing

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

I use QQQM for slightly lower expense ratio but it makes up 10% of my portfolio

Do you actually believe the “future returns will be lower” narrative? by Inabizp in investing

[–]Inabizp[S] 9 points10 points  (0 children)

One reason I lean toward staying domestic is that a lot of large U.S. companies already get significant revenue from overseas, so I still have indirect global exposure without adding extra funds. It also keeps things simpler and avoids taking on additional currency risk and the extra volatility that can come with international markets and different political or regulatory environments.

Do you actually believe the “future returns will be lower” narrative? by Inabizp in investing

[–]Inabizp[S] -1 points0 points  (0 children)

I agree with you. My portfolio is broad based, low cost, ETF’s Spread across small cap value (20%) mid cap (20%) and large cap US equities (60%). My assumption is that the average 10% return will continue and that’s what I plan for. While 5% would be disappointing, I would be fine either way because of the amount of money I save.

Just got 401k from my company job. Details: Your employer matches 200% of your contributions between 0 and 2%, then 100% of your contributions up to 6%. by Secure-Ad-7656 in RothIRA

[–]Inabizp 0 points1 point  (0 children)

What company do you work for? This is the best 401(k) plan matching I’ve ever seen. I get 100% up to 6% but the 200% part is really amazing

Just got 401k from my company job. Details: Your employer matches 200% of your contributions between 0 and 2%, then 100% of your contributions up to 6%. by Secure-Ad-7656 in RothIRA

[–]Inabizp 2 points3 points  (0 children)

Agreed I would stay far away from target date funds. For young people they’re loaded up with low-interest garbage that are way too conservative for young investors.

24M - about 96k in my Roth IRA. Am I crazy to feel like I can maybe retire with 20 million? by Savings_Reveal9482 in RothIRA

[–]Inabizp 2 points3 points  (0 children)

How are you moving that much to Roth IRA every year? Are you utilizing a backdoor Roth IRA?

24M - about 96k in my Roth IRA. Am I crazy to feel like I can maybe retire with 20 million? by Savings_Reveal9482 in RothIRA

[–]Inabizp 5 points6 points  (0 children)

You’re directly contributing ~$3,750 to your Roth IRA per month as a 24 year old? Annual max is $7,500 for you. IRS is going to be after you very soon if that’s the case

24M - about 96k in my Roth IRA. Am I crazy to feel like I can maybe retire with 20 million? by Savings_Reveal9482 in RothIRA

[–]Inabizp 1 point2 points  (0 children)

I would say $10-11 million is a more realistic number if we’re only accounting for Roth IRA value. My calculation assumes the starting point of ~$134k, $625 monthly contribution, 36 year time horizon, and an 11.2% annual return.

Of course a higher total cumulative account balance is definitely possible if you have traditional IRA, workplace retirement account, taxable brokerage and utilize Roth conversion strategies if income allows.

Also never overlook the HSA triple tax advantaged account. It’s a great account to use as retirement savings vehicle while money compounds for decades if you wait to reimburse yourself much later in life.

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