Hello everyone.
I'm Mike , 50 years old, just divorced , adult children , and inherited a modest chunk of cash when my parents passed away rip. Not enough money to retire on now, but enough to retire a little earlier hopefully.. I work for a university and make about $50k yearly.
I feel like I could have done a much better job of investing it. Why be so conservative with such a long time line? My moms adviser helped me out with vanguard funds after her death, but when I asked to invest a little more aggressively, he fired me! This was four years ago..
What made it worse is the mentality he left me in, since I really did respect his opinions and knowledge. He kept mentioning china and the market turmoil they could create as the reason my portfolio was as conservative as his at the age of 76. But now looking back since 09, I really did miss the train on this last bull market considering the market volatility we are seeing lately..
Anyway.. Can I ask for fund advice here?
Where's what Iv got as of now..
11.2% VTSAX Total Stock Market Index Fund Admiral
7.5% VTIAX Total International Stock Index Fund Admiral
5.8% VINEX International Explorer Fund
23.9% VBIAX Balanced Index Fund Admiral
37.8% VBTLX Total Bond Market Index Fund Admiral
13.8% VMMXX Prime Money Market Fund
40% stocks 47% Bonds and 13% MM. Another $50k cash in the bank for home renovations..
3.8% of the above in a roth VTTVX Target 2025 Fund. And 23% of the above in a Tiaa/cref retirement account through work.
I want to simplify my portfolio to three or so funds, VTSAX VTIAX and maybe VBTLX or VBIAX. But be at least 80% equities since I don't need this money soon. Maybe in ten years, but I also have my Tiaa/cref.
So is my, "set it and forget it plan", VTSAX, VTIAX and VBTLX or VBIAX, a reasonable plan for someone who has a had time trusting a new financial adviser? And am I NOW in a good position if we have a market correction?
Frankly, I feel lost.. I know my heavy VBTLX position will lose value when interest rates start to rise, so I feel I need to sell soon. But I still have cold feet buying equities right now..
Any suggestions would be greatly apprenticed.
I'm Mike , 50 years old, just divorced , adult children , and inherited a modest chunk of cash when my parents passed away rip. Not enough money to retire on now, but enough to retire a little earlier hopefully.. I work for a university and make about $50k yearly.
I feel like I could have done a much better job of investing it. Why be so conservative with such a long time line? My moms adviser helped me out with vanguard funds after her death, but when I asked to invest a little more aggressively, he fired me! This was four years ago..
What made it worse is the mentality he left me in, since I really did respect his opinions and knowledge. He kept mentioning china and the market turmoil they could create as the reason my portfolio was as conservative as his at the age of 76. But now looking back since 09, I really did miss the train on this last bull market considering the market volatility we are seeing lately..
Anyway.. Can I ask for fund advice here?
Where's what Iv got as of now..
11.2% VTSAX Total Stock Market Index Fund Admiral
7.5% VTIAX Total International Stock Index Fund Admiral
5.8% VINEX International Explorer Fund
23.9% VBIAX Balanced Index Fund Admiral
37.8% VBTLX Total Bond Market Index Fund Admiral
13.8% VMMXX Prime Money Market Fund
40% stocks 47% Bonds and 13% MM. Another $50k cash in the bank for home renovations..
3.8% of the above in a roth VTTVX Target 2025 Fund. And 23% of the above in a Tiaa/cref retirement account through work.
I want to simplify my portfolio to three or so funds, VTSAX VTIAX and maybe VBTLX or VBIAX. But be at least 80% equities since I don't need this money soon. Maybe in ten years, but I also have my Tiaa/cref.
So is my, "set it and forget it plan", VTSAX, VTIAX and VBTLX or VBIAX, a reasonable plan for someone who has a had time trusting a new financial adviser? And am I NOW in a good position if we have a market correction?
Frankly, I feel lost.. I know my heavy VBTLX position will lose value when interest rates start to rise, so I feel I need to sell soon. But I still have cold feet buying equities right now..
Any suggestions would be greatly apprenticed.