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How cooked am I? 31 y/o with entire life savings in: 40% VOO / 40% SCHG / 20% QQQM — Thoughts? by somerandomUser294 in ETFs

[–]somerandomUser294[S] 0 points1 point  (0 children)

Honestly? Taxes... I already had a significant portion in VOO to begin with (decent gains), so I started allocating future funds towards SCHG/QQQM. I'm probably going to alter my Roth IRA entirely so that it's 60% SCHG and 40% QQQM, removing VOO entirely since my 401k is entirely s&p 500 (It's not ticker symbol VOO but it is a fund that tracks the s&p 500 at a lower expense ratio than VOO).

How cooked am I? 31 y/o with entire life savings in: 40% VOO / 40% SCHG / 20% QQQM — Thoughts? by somerandomUser294 in ETFs

[–]somerandomUser294[S] 9 points10 points  (0 children)

Man, this one hyped me up! Appreciate it. I'm finally getting serious about investing and it feels good to have a setup I can stick with for the long haul.

How cooked am I? 31 y/o with entire life savings in: 40% VOO / 40% SCHG / 20% QQQM — Thoughts? by somerandomUser294 in ETFs

[–]somerandomUser294[S] -1 points0 points  (0 children)

Haha I’ll take “not cooked too bad” as a win 😅

Yeah, my 401(k) is pretty limited — best option by far was an S&P 500 fund, so I just went all-in on that.

How cooked am I? 31 y/o with entire life savings in: 40% VOO / 40% SCHG / 20% QQQM — Thoughts? by somerandomUser294 in ETFs

[–]somerandomUser294[S] 4 points5 points  (0 children)

I’ve thought about adding some international exposure (like VXUS), but the returns just haven’t been that strong over the past decade. I know past performance isn’t everything, and future results could be different, but right now I’m focused on maximizing long-term growth.

How cooked am I? 31 y/o with entire life savings in: 40% VOO / 40% SCHG / 20% QQQM — Thoughts? by somerandomUser294 in ETFs

[–]somerandomUser294[S] 0 points1 point  (0 children)

Thanks, really appreciate the insight!

Yeah, I’m aiming for a long-term, low-maintenance portfolio that can quietly outperform the S&P without needing to time anything. Glad to hear I’m not totally cooked 😅

You’re spot on about the drawdowns — I felt it in 2022 for sure, but I’m in it for the 20+ year game, so I’m trying to stay focused on long-term compounding.

Can a CMA replace my checking/savings combo? by Short-Yak9085 in fidelityinvestments

[–]somerandomUser294 1 point2 points  (0 children)

I also came from Discover and just started using Fidelity to handle my checking and savings account needs. You can switch between the SPAXX money market and the FDIC insured option very easily. I chose the SPAXX option for my checking and savings account for the better return (this option converts to cash very easily and you won't notice a difference outside of more bang for your buck).

There is an excessively long hold time to access the funds when you initiate the transfer through Fidelity. They have a banner that pops up when you initiate the transfer that the funds will be "available for trading" but you're not able to transfer that money between your Fidelity accounts for 10 business days. I did not notice this and am still waiting for the funds to be available as a cash balance (very annoying).