Hi! Young Guy Needs Help Please!
I am new to this website, and a pretty young guy at 27 looking to try and secure a decent retirement for myself down the road. I'm always open to advice and would like some help from you all on your opinion if I am in the right direction or should be doing more or doing things differently.
From an old job I had transferred my 401k money into an IRA. Currently my holdings are as follows:
iShares Dow Jones Financial (IYF) - 137 Shares / Value = 7,444.58 (UP 57% since rollover)
Sector SPDR Energy (XLE) - 35 Shares / Value = 2,566.55 (UP 66% since rollover)
Sector SPDR Technology (XLK) - 95 Shares / 2,353.15 (UP 52% since rollover)
TOTAL ACCOUNT VALUE = 12,706.90$
This so far; is my total retirement savings along with a few thousand spread out in my TSP 401k fund from the government, and I will earn 1.1% of my salary for the 3 highest years pay due to the fact I am a federal worker. I was wondering if this sounds as if I have so far not done enough? Is there more I can do? Change my investment makeup? Currently I contribute 10% to my 401k and the government gives me a 5% match. Any help is much appreciated, if there is any other info I can provide to make the help easier or more detailed let me know! Thanks all.