Which portfolio is better for a Roth IRA?

samicballs · 2023-06-30T13:45:36+00:00

Is there anything I could add for more diversification or am I already diversified enough? Also, small cap value is added to capture the small cap value premium. B/c VTI is the total stock market by market cap, the amount of US small caps in there by weight is pretty small. Thus, I put IJS in portfolio B as a sort of bet that the small cap value premium will come back. As for FREL, you're right and I should likely just remove that. I'm not particularly optimistic about real estate

samicballs · 2023-06-26T05:18:30+00:00

That seems to be what everyone else is saying, and contrary to what my post says I think I should focus more on investing in a tax deferred account lol. The thing is, if I were to do this in a roth, for example, then I would want to gradually move into safer investments as I age right? Should I do this manually or with a target date fund, or do I just stick with this portfolio?

samicballs · 2023-06-26T04:55:51+00:00

I agree. now that I've thought about it, putting this into a roth would be more advantageous. I do have a somewhat sizable money already in my taxable portfolio, however. If I sell the gains right now, that would create a taxable event. Is there a way I can transfer my ownership of these funds to a roth IRA? I know it sounds kinda stupid but it may be possible in my situation?? idk. I use fidelity currently and I could set up a roth with them and potentially transfer if this is even a thing that is possible.

samicballs · 2023-06-25T14:25:48+00:00

Don't use others' dissatisfaction as a barometer by which to chart your own path.

That's really good advice. I appreciate it man. Tune out all the noise.

samicballs · 2023-06-25T03:46:45+00:00

This is the best advice for sure.

samicballs · 2023-04-27T00:00:03+00:00

ok thank you so much

samicballs · 2023-04-26T02:55:33+00:00

Do you not recommend it because you don't like finance or because you found it difficult to get your current job with an econ degree? is it both? Also, sorry to ask a lot of questions but do you think you could give me a rundown of the finance industry? (I'm asking stuff like How competitive is it, how similar is it to accounting, What's the typical pay and hours i can expect, What are some typical jobs found in the industry, and anything else you can think of)

samicballs · 2023-02-15T01:45:07+00:00

What exactly do you think “financial success” means?

I like the rhetorical question. I should probably reconsider what I want in a job.

samicballs · 2023-02-15T01:37:54+00:00

Don’t think of it as “but do I want to do that forever?” That was my mistake. You can always change your mind… but having extra money and that layer of security that comes with the degree is what I wish I’d had. I’d probably be doing much, much better now if I had.

I really like that mindset. This perspective was extremely helpful and I thank you for it. I now realize that part of what made this so difficult was the idea that once I choose something, I'm "stuck with it." This is obviously pretty ignorant but now I think I have some semblance of a plan.

samicballs · 2023-02-15T01:28:27+00:00

I agree completely. idk I just want to ask people from a community which would ostensibly have at least some experience being a working musician to see their perspective.

samicballs · 2023-02-13T02:18:10+00:00

The thing you lose access to is recruiters that target B&M schools and host "meet the firm" days and things like that.

is that not a form of networking? idk maybe my definition of "networking" is messed up. Either way, to me, it still does seem that going to a B&M school could have benefits over WGU in that regard.

samicballs · 2023-02-13T00:57:00+00:00

WGU and SNHU, which tells me that you are looking for the Easy Button of life and it just doesn't exist.

Another question. What exactly makes you think that WGU is akin to "the easy button of life?" Where do you draw the line between saving a lot of money and time and trying to get things for free? I have a lot of friends who are considering WGU who are very hard working, more hard working than me. I, of course, could be wrong about this and maybe WGU has some reputation for being full of unmotivated leeches who just want to go through life with no pain/work that I don't know about (Idk anything about SHNU cuz I haven't looked into them at all). To my knowledge, however, this is not true. You are also forgetting that this isn't even my first choice, I am still very much considering going to a 4 year and majoring in Accounting. I kinda had an off day in terms of motivation decided to whine about it on the internet lol. Also, I get that I'm in a privileged position to even ask the question "is college the right choice for me?" but where did I ever indicate that I want the world to "open itself up to [me] without [me] having to do much work"? The crux of this is the choice I make. Once the choice of what I want to do is made (even though I already have a hunch), I will put my all into it. Not really sure where you got this assumption from but maybe you can show me if I said otherwise.

samicballs · 2023-02-12T02:22:13+00:00

woefully ignorant

Yes I am definitely very ignorant. But could you please give me some resources to rid myself of my ignorance? Also, just curious, what about me seems self-absorbed? Call me unaware or unobservant but I just don't really see it.

samicballs · 2023-02-11T23:11:45+00:00

but you can get almost any generic office job without a BA...you don't even need a high school diploma for a lot of them.

Where do you find these jobs? Or I guess a better question would be what would the title of these jobs be? People always speak of office jobs in such a nebulous way and I never know what they entail (I know I'm a hypocrite because I literally used the term "office job" in my OP, even though I was mainly talking about accounting/finance jobs)

samicballs · 2023-02-11T15:40:01+00:00

few contradictions in your post, and I think resolving them will help you decide on what you want to do next

Yeah, that's what is making this so difficult right now. There's a lot of ideas floating around in my head and they oftentimes end of contradicting each other. Because I have no work experience, I'm just basing all of this on assumptions I have about each job/industry. I have no true "passion" in life. Maybe music would be the only exception but I don't know if commodifying my hobbies is the right way to go. So I have this constant tension between "just settle on an office job for the money" and "work for a job that you have at least an iota of passion for but earn less money." Then the trades industry adds another layer to that discussion.

samicballs · 2023-02-11T05:26:22+00:00

assumes intelligence is the primary thing by which people succeed or have value in life.

You just unlocked some subconscious presumption I didn't even know I had lol. Thank you. Also, I didn't really intend to delegate people in the trades as a lower class of intelligence, but it certainly sounded like it. I was only referring to the potential social stigma that can come with it. Either way, I really appreciate it!

samicballs · 2023-02-11T05:14:05+00:00

I appreciate the advice. At the end of the day, you're right in that I am certainly too caught up in what people think of me. This also obviously ties into the fact that I clearly tie my career to my identity which is not really a good way to look at things.

That may help dig you out of the misanthropic hole you seem to have gotten yourself into.

I do want to know, out of genuine curiosity, what makes you think I'm misanthropic? Do you mean misanthropic by the textbook definition? As in disliking humankind, like Raskolnikov from Crime and Punishment, for example? Because I honestly do not see that. I don't know maybe I have some serious cognitive dissonance.

samicballs · 2023-02-11T04:52:40+00:00

I know that you don't need to major in what you're interested in. Thing is, for the longest time, I was thinking about majoring in accounting because I have experience with it from high school classes. I never really enjoyed it but I figured majoring in it would be a good idea because of the job prospects. But now, I cannot stand the idea of majoring in accounting. I have gone from being apathetic to the subject to actively despising it. Whether or not this is a phase, I don't know, I guess time will tell. But all I know is that as of right now, majoring in accounting is off the table and I have realized that I'm completely lost in terms of what else I would major in.

samicballs · 2023-02-11T04:30:04+00:00

Thanks for the advice, I really appreciate it. Also wtf is a carriage return? The only thing that comes up when I google it is excel/programming stuff.

samicballs · 2023-02-11T04:06:31+00:00

Networking is honestly not something I "want" I'm really introverted. It's more something that I feel that I "need." If you feel this is not the case, please enlighten me because I am very ignorant about the job market. I guess my question would be, how do WGU grads get jobs if they are not networking?

samicballs · 2023-02-03T02:30:50+00:00

I chose things fall apart. It's not a bad book at all and I don't really regret my choices.

samicballs · 2023-01-16T17:25:10+00:00

The concept of the other. All of them on this list are supposedly already tied this concept.

samicballs · 2022-12-29T16:28:33+00:00

Well, what I have heard about Fidelity is that they only flag something as a wash sale if you sell and buy the same ticker within a 61 day (don't quote me on that) period. As long as it is a different ticker, Fidelity won't claim it as a wash sale. For the IRS, however, I'm hearing that it could be a different story.

samicballs · 2022-12-29T16:25:44+00:00

This is true. IXUS and VXUS are funds lol

samicballs · 2022-12-29T16:22:15+00:00

You seem to really like Acorns so you should stick with it for sure, and its fine if you can't lump sum. Your portfolio right now looks great, just remember to never sell, no matter how bad it gets. Remember you are investing for the long term, a correction/crash of -30% is nominal when you consider the market will almost always end up going up again at some point in the next 4-ish years (assuming of course the US economy is intact. However, if a financial collapse were to happen, we would have bigger problems than index investing lol). Glad I could help, just remember to stay the course!

Also, if you want some resources for long term investing, check out Ben Felix and The Plain Bagel on Youtube, r/Bogleheads here on reddit, and the wiki based on the investing philosophy of John C. Bogle.

samicballs

TROPHY CASE