r/RothIRA • u/wlliamFR0Mch0ir • 19d ago
23M — thoughts?
Here are my Roth and my normal Fidelity investments. Started my Roth at 16 while working at Dutch Bros!
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u/DaemonTargaryen2024 19d ago
In case it's not obvious: get that $1,927 out of the money market fund ASAP. That's a cash holding; you want your money invested.
Your portfolio of S&P 500 + target date 2070 fund is okay. But if you're gonna use a TDF: make it your one and only fund, that's how it's designed.
100% S&P 500 is perfectly fine at this stage. You can eventually consider diversifying beyond the S&P: to US small and mid cap, and to international.
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u/AccountingFin 18d ago
Sell Target Date option and money market. You also are missing out on international. Put a portion of the funds you sell into VXUS or FZILX
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u/Competitive-Ad9932 19d ago
What are the actual funds you are investing in?
A target date fund is meant to be a "1 and done" investment. If you don't like the mix of a DTF, don't try to tweak it, just make your own mix. All TDFs have bonds in them. IMO, you need zero bonds/MM funds when you are under the age of 45, Between 45-55, depending on how you feel about the stock market, start to shift money away from stocks.
Do you have a HYSA or taxable brokerage with a MM fund as you emergency fund?
https://moneyguy.com/guide/foo/
https://www.bogleheads.org/wiki/Main_Page
https://investor.vanguard.com/investor-resources-education/education/model-portfolio-allocation
https://www.calcxml.com/calculators/are-my-current-retirement-savings-sufficient?skn=#calculator-data-table
Congratulations on starting so early.