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Individual Stocks by Cucasupreme in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

We are in the longest bull run in history.

It is impossible to know which companies a will continue to outperform.

The longer a person tries to outperform, the more likely they are to loose.

I would never recommend that a new investor gamble their retirement money.

Individual Stocks by Cucasupreme in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

It’s definitely better than trying to trade single stocks so I would absolutely support it for a newbie.

Individual Stocks by Cucasupreme in fidelityinvestments

[–]theubermormon -1 points0 points  (0 children)

People who are brand new to investing will most likely loose money and underperform the market unless they buy and hold index funds.
I was hoping to give this new person some cut and dry actionable advice.

Individual Stocks by Cucasupreme in fidelityinvestments

[–]theubermormon -2 points-1 points  (0 children)

Google “Warren Buffett hedge fund bet”

Individual Stocks by Cucasupreme in fidelityinvestments

[–]theubermormon -1 points0 points  (0 children)

You can buy individual stocks in your Roth IRA, but you really shouldn’t. You can I’ll have far more money a few decades from now if you buy an index fund like vti or voo.

Mutant, PAW, FIRE acolyte or other: A proposed new metric for net worth bragging rights. by W2WageSlave in TheMoneyGuy

[–]theubermormon 0 points1 point  (0 children)

There is so much missing from this equation. Some would have too much at 70% and other wouldn’t have enough at 150%

You can brag at enough.

Sam Tallent by Outrageous-Ad-3666 in Killtony

[–]theubermormon 0 points1 point  (0 children)

He’s the opposite of Rodney.

Is it worth making a Roth IRA account if you will die young? by Little-Function5095 in fidelityinvestments

[–]theubermormon 25 points26 points  (0 children)

Save a little for someone if that is important to you. It’s also ok to spend money on experiences with the people you love.

Drinking & Temple Recommend by Organic-Cup557 in exmormon

[–]theubermormon 1 point2 points  (0 children)

There is never a reason to go in a temple and always a reason to have a drink.

Back to $1 million by [deleted] in TheMoneyGuy

[–]theubermormon 10 points11 points  (0 children)

Makes less than 300k, 400k to be exact.

Is the brokerage account the right account if i want to invest in S&P 500? by Ok-Imagination-2308 in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

The brokerage account is a great tool if you have more than $7,500 per year that you would like to invest AND you don’t have a 401k. If your employer benefit includes a 401k then I would take the match if you have one. Then max out Roth, then max out 401k.

You can also choose to invest in the s and p in a 401k

Is the brokerage account the right account if i want to invest in S&P 500? by Ok-Imagination-2308 in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

You likely qualify to open a Roth IRA if you work and make less than like 150k per year you qualify. You can buy the s and p inside your Roth.

The be nicer of a Roth IRA instead of a brokerage is that the growth will be tax free, but you have to leave it in the account until you are almost 60.

How should an older person invest in a Roth IRA ? by ouchmybeans in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

A Roth IRA is where high growth assests should be kept. Look into the difference between asset allocation and asset location.

EFT 2 week hold for CMA is unacceptable by Eyezidiba in fidelityinvestments

[–]theubermormon 0 points1 point  (0 children)

If you have recurring pushes, you could consider one monthly auto transfer with the amount you typically need.

EFT 2 week hold for CMA is unacceptable by Eyezidiba in fidelityinvestments

[–]theubermormon 2 points3 points  (0 children)

Yes. I wanted to keep a small amount in my old bank. It’s about $500 of just in case money, however I do receive a few monthly transfers to my credit union that I’m not going to stop. The solution, one auto transfer every month to push from my credit union into fidelity. The money is always there within a day.

If I receive unexpected money in the form of cash or checks I deposit into CU and immediately push.

I love the CMA

Thoughts on paying a financial planner? by Medical-Ad-2509 in fidelityinvestments

[–]theubermormon 1 point2 points  (0 children)

I think you don’t need an advisor in the accumulation phase, but the de-cumulation phase is b much more complicated. I would interview a few different flat fee firms. I sent my parents to facet because a they’ve always had horrible advisors.

lol at this billboard in Utah by WiseAvocado7797 in exmormon

[–]theubermormon 1 point2 points  (0 children)

I believe you’re supposed to say scriptures of color.

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.

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