AreWeThereYet0
Recycles dryer sheets
42 years old here. Fully maxed out emergency fund. Maxes out 401K and Roth and HSA. 10 years left on the mortgage, no other debt.
401K is split 40/40/20 with 40 long term mid cap growth. 40 mid cap value index and 20 in international fund. Most of my money is in the 401K and I am not too worried about the distribution or choices.
My Roth is a mess. Right now I have 30K available to invest, money in FIHFX, FZROX, GBTC (it's a flyer. I am totally loosing money on it), QLD, VSMAX and VTSAX. The breakdown is 15% in cash, 2% in FIHFX, 25% in FZROX, less than 1% in the flyer, 18% in QLD, 30% in VSMAX and 8% in VTSAX. I hope to retire in 8 years if everything works out according to plan. 55 worst case scenario. I want to be heavily involved in stocks to make the money grow faster. I understand the ricks involved and have a healthy emergency fund. I think that I probably have too many stocks/mutual funds in this account. Any ideas as to how I can truncate this?
I also have non-tax advantaged accounts. One w fidelity. 10K ready to invest, money in DIS, F, FZROX, T , V and VSMAX. I really want to get out of stocks but at the same time the returns are too tempting to completely overlook. For this account the breakdown is 13% cash, 5% in Disney, 8% in Ford, 7% in FZROX, 9% in AT&T, 29% in Visa and 28% in VSMAX.
Any thoughts or general advice? I know that people who chase high returns get burned which is why most of my money is in index funds and mutual funds. Thanks.
401K is split 40/40/20 with 40 long term mid cap growth. 40 mid cap value index and 20 in international fund. Most of my money is in the 401K and I am not too worried about the distribution or choices.
My Roth is a mess. Right now I have 30K available to invest, money in FIHFX, FZROX, GBTC (it's a flyer. I am totally loosing money on it), QLD, VSMAX and VTSAX. The breakdown is 15% in cash, 2% in FIHFX, 25% in FZROX, less than 1% in the flyer, 18% in QLD, 30% in VSMAX and 8% in VTSAX. I hope to retire in 8 years if everything works out according to plan. 55 worst case scenario. I want to be heavily involved in stocks to make the money grow faster. I understand the ricks involved and have a healthy emergency fund. I think that I probably have too many stocks/mutual funds in this account. Any ideas as to how I can truncate this?
I also have non-tax advantaged accounts. One w fidelity. 10K ready to invest, money in DIS, F, FZROX, T , V and VSMAX. I really want to get out of stocks but at the same time the returns are too tempting to completely overlook. For this account the breakdown is 13% cash, 5% in Disney, 8% in Ford, 7% in FZROX, 9% in AT&T, 29% in Visa and 28% in VSMAX.
Any thoughts or general advice? I know that people who chase high returns get burned which is why most of my money is in index funds and mutual funds. Thanks.