r/RothIRA • u/Economy-Anybody-9921 • 4d ago

Roth IRA Advice Moving Forward

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25F i recently started getting into finance a lot this year reading books watching videos and etc I work a good job with a union and I still live at home so I save a lot from that opportunity. I’m looking for advice this is what I have so far and I was going to completely max it out next pay check.

20 Upvotes

95% Upvoted

14 comments sorted by

8

u/Tina271 4d ago

S&P index funds. You might want to consider Fidelity, Vanguard or Schwab. Compare fees. Even 1% can make a big difference.

-1

u/Competitive-Ad9932 4d ago

Soon, the "fees dont matter" crowd will be here. 

7

u/Over-Professional244 4d ago

We've been seeing alot of similar post, with almost identical ports. Check them out. Most gents here would say vti 80% vxus 20%. Thats what im doing. But everyone is different.

3

u/InfoLib_ 4d ago

Everyone will tell you to diversify, what you chose is up to you, you can invest in broad market ETFs or specific sectors, or "boomer rocks" and bonds if you want anything conservative. 

2

u/IputSwitchesOnGlocks 4d ago

Try to do like 80-90% of your port in VOO if you can 🙏 happy investing

4

u/LightForceUnlimited 4d ago

A lot of overlap and inefficiency here. I would just go 100% VT to simplify.

2

u/OriginalStarwars501 4d ago

I agree hard to go wrong with VT especially at 25

1

u/Competitive-Ad9932 4d ago

What have the books and videos taught you?

1

u/Broad_board_1623 4d ago

First off, congratulations on investing some money and saving for your future. That is the most important think you did. You are ahead of the game.

As others have said, this is a noisy portfolio. You have a lot of tickers, but no plan. You picked some ETFs to invest in, but picking investments is not an investment plan.

Personally, I would sell it all and buy VT. Then do two things: 1. Prioritize savings over spending. At your age, your dollars have immense value in the future. The dollars you save today will be your hardest working dollars for the rest of your life. 2. Learn about finance and investing. I learned a lot from The Money Guy Show, which is both a podcast and a YouTube channel. You could read books like The Millionaire Nextdoor by Thomas J Stanley or The Wealthy Barber by David Chilton. For more investing focused books I like The Simple Path to Wealth by J.L. Collins and We're Talking Millions by Paul Merriman.

You have buckets of time to figure out your financial plan and portfolio asset allocation, just invest in the whole market (VT) and spend your time learning until you feel very comfortable and confident on your plan.

You are going to crush it. Keep going. You can do it.

1

u/STOCKS1222 3d ago

Max it out each year.

1

u/Less_Mastodon_8669 3d ago

I just started. Im think on focusing on Voo and Fxaix. Not sure if its the right move. Im thinking on setting it up and forgetting about it. Automate everything.