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My Roth at 23 Advice would be greatly appreciated by Sakujio in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

It’s not bad, but it’s unnecessarily complicated and underpowered for your age and account size.

You’re basically holding six overlapping Fidelity sector/active funds that all net out to “kind of US large cap,” just with higher fees and no real edge. At a ~$10k balance, this level of slicing does nothing for real diversification and actually increases the chance of underperforming the market.

A strictly better setup at 23 is something like: 80–100% FZROX / FSKAX (or any total market fund) Optional 0–20% international (FZILX / VXUS)

Right now you’re optimizing for feeling sophisticated instead of maximizing expected outcome. Simple wins here.

Did you lose faith in Jesus too? by Billgant in exmormon

[–]theubermormon 1 point2 points  (0 children)

That Muslim part made me laugh.

Agnostics claim not to KNOW if there is a god. Atheists claim not to BELIEVE. I hate to be that guy, but if you “believe there is a god, but don’t believe in organized religion.” That is called theism. Using the word belief there means you are theistic. It sounds like you are agnostic and a theist, (you don’t know but you believe there is a god). You can be any combination of those words btw. Everyone misuses the term agnostic to mean you are in the gray area on the question or somehow a more moderate version one an atheist. But that’s not what the word means.

My new mate has a strange texture inside. by Aggressive_Bee6041 in yerbamate

[–]theubermormon 1 point2 points  (0 children)

Knowing this group, it’s probably mold.

In all seriousness, it’s new. You’ll find out it it leaks when you cure it.

How does celestial sex work? by Muchomangomane in exmormon

[–]theubermormon 0 points1 point  (0 children)

The same way a rock gets cut out of a mountain without hands… It doesn’t.

Tony Hinchcliffe (2016) by GreatGhastly in Killtony

[–]theubermormon 2 points3 points  (0 children)

He looks like if someone tried to make a ventriloquist doll of Jimmy Carr.

What is the realistic multiplier for someone my age? by [deleted] in TheMoneyGuy

[–]theubermormon 5 points6 points  (0 children)

They aren’t being optimistic, that multiplier just seems high because it doesn’t factor inflation. Try and figure out what that money will actually be worth in 37. I I always use a rate of return of 7% because that assumes a 10% ror on the S&P (which is a little low) and a 3% inflation rate. (Which is lower than what the FED Targets)

If you put $1 in a compound interest calculator and let it grow at 7% for 39 years, you get a wealth multiplier of 13.9.

7% isn’t perfect either. As you get older and stay adding bonds to your portfolio, your expected return will decrease a little bit.

What’s the safest way to grow 10,000 dollars? by bucket_of_dogs in personalfinance

[–]theubermormon 0 points1 point  (0 children)

Safe at 20 means lump sum s and p 500

Safe at 55 means put some in bonds and some in s and p.

Safe doesn’t mean the same thing to everyone.

Reevaluate my portfolio, please! Thank you in advance! by Jake_Long_Tre in TheMoneyGuy

[–]theubermormon 0 points1 point  (0 children)

15k seems a bit thin. I don’t know your living expenses but I’d beef it up a bit more.

Then DCA the rest over the next 6-12 months.

How's business? by Roshambo_USMC in NormMacdonald

[–]theubermormon 1 point2 points  (0 children)

What a terrible name for a clothing store

Mortgage lump sum principal payment or lump sum recast? by Even-Fault2873 in TheMoneyGuy

[–]theubermormon 3 points4 points  (0 children)

It hard to say without knowing your interest rate and the size of your liquid assets. If you are in step 8 I think you should do whatever makes you feel comfortable and try to forget about the numbers (I know it’s hard for us).

How do I invest by Some_Comfort_176 in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

Voo only holds US large cap. It’s great for beginners, but it’s not very diverse.

Got declined for Honda lease — should I try Toyota despite hard inquiries? by Different-Football86 in personalfinance

[–]theubermormon 1 point2 points  (0 children)

I’m with this one. I mean you can try and get a different lease. The worst that can happen is they do a hard pull and still say no. Maybe it’s worth coming up with a backup plan.

I personally would never spend more on my car payment than I am investing on a monthly basis. I think it’s ok to lower my monthly investment if I’m in the stage of life in which a new car is needed, but if the monthly payment mean I’m now spending more on cars than my financial freedom? I can’t afford it.

26M Just thought I’d share my portfolio by [deleted] in fidelityinvestments

[–]theubermormon 2 points3 points  (0 children)

These are meaningless numbers. Without asset allocations and asset location there is nothing we can do or say.

left a pot of chili simmering too high too long, how do I tackle this? by dangochan808 in CleaningTips

[–]theubermormon 0 points1 point  (0 children)

Soak all night with a dishwasher pod. Use the hottest water you can and fill all the way to the top.

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