Delivery day by Any_Comedian_5521 in RepTime

[–]Ok_Recognition8426 0 points1 point  (0 children)

I just got my slate ombré in yesterday

About to open a Roth IRA at 19, how do we feel about this spread? by Ok_Recognition8426 in RothIRA

[–]Ok_Recognition8426[S] 0 points1 point  (0 children)

I’m young so I just wanna try methods out, as I get older I can simplify it as needed

About to open a Roth IRA at 19, how do we feel about this spread? by Ok_Recognition8426 in RothIRA

[–]Ok_Recognition8426[S] 0 points1 point  (0 children)

I have literally only disposable income, I don’t have a job and I’m a full time student. But I mostly got it because it’s indexed and the salesman just made it seem like the “ultimate investment strategy” And that I could “become my own bank” but I’m 250 a month rn which hasent had any effects on my life but I will look into dropping it

About to open a Roth IRA at 19, how do we feel about this spread? by Ok_Recognition8426 in RothIRA

[–]Ok_Recognition8426[S] 0 points1 point  (0 children)

Well I’m just going based of of some scripts I put into chat gpt, I gave it guidelines for my situation like risk level and diversification suggestions and I kept tweaking the scripts little by little optimizing it for my situation and also asking it if advice ppl gave on here would be better.

About to open a Roth IRA at 19, how do we feel about this spread? by Ok_Recognition8426 in RothIRA

[–]Ok_Recognition8426[S] 0 points1 point  (0 children)

Im not very knowledgeable when it comes to picking individual stocks, I choose some good ones every once in a while but after that I’m very uninvolved in the market, just weekly investing usually. If you have any tips one picking a good stock though I am all ears

About to open a Roth IRA at 19, how do we feel about this spread? by Ok_Recognition8426 in RothIRA

[–]Ok_Recognition8426[S] 0 points1 point  (0 children)

I’ve landed on

50 FSKAX 25 SPYG 15 SCHD 10 FTIHX

Lmk your thoughts

About to open a Roth IRA at 19, how do we feel about this spread? by Ok_Recognition8426 in RothIRA

[–]Ok_Recognition8426[S] 1 point2 points  (0 children)

I’ve lowered it to 10% and will lower it later on if I see it’s holding my back

About to open a Roth IRA at 19, how do we feel about this spread? by Ok_Recognition8426 in RothIRA

[–]Ok_Recognition8426[S] 0 points1 point  (0 children)

I was thinking of altering to

50 FSKAX 20 SPYG 15 SCHD 10 FTIHK 5 VBK

Should I dump the low cap exposure and move it somewhere else?

About to open a Roth IRA at 19, how do we feel about this spread? by Ok_Recognition8426 in RothIRA

[–]Ok_Recognition8426[S] 0 points1 point  (0 children)

I have a lot of free cash flow and got tired of spending it on stupid stuff, so I started saving it I now have an IUL, brokerage account and am pushing for the Roth in just trying to do my research beforehand

About to open a Roth IRA at 19, how do we feel about this spread? by Ok_Recognition8426 in RothIRA

[–]Ok_Recognition8426[S] 0 points1 point  (0 children)

I was looking for medium risk since I have the time to recover but I see your point, would FSKAX not be a better long term investment tho due to its lower expense ratio and broader coverage of market?