24 years old, gross salary of $75,000, full Roth contribution annually.
VT: 12.85%
IVV: 11.30%
10.76% BND
VEA: 10.52 percent
CHAT: 9.34%
NVDA: 8.29%
4.54% for SPY
VWO: 4.12%
QQQ: 3.77%
SPMO: 3.50 percent
SPHQ: 3.39 percent
IJR: 2.72 percent
STIP: 2.69 percent
Mostly ETFs, with an additional 12% in stocks and 8% in unlisted cryptocurrency (which is not included in my Roth).
There appears to be a lot of overlap, though I have not looked into all of them. Briefly said, IVV and SPY are very similar and have significant overlap with QQQ. Why did you decide on these? There are a few sources that you may use to learn more about these ETF holdings that overlap. like this one, for example.
You can defer buying BND if you wish to optimize the growth potential of your retirement savings account.
It would be easy to just throw them all in VT and relax. You can just set aside a tiny portion of your portfolio for speculating on specific industries, which is probably what you’re doing with CHAT.
Why did you include crypto in the percentages? You should either include only the Roth accounts or incorporate everything, including regular accounts.
Due to the lack of differentiation in my finance program, all of my holdings are bundled together. However, you are correct that would be less obnoxious.
What software and what institution do you hold your investments with? brokerage?
I am still using Robinhood for now, but I’m aware of their issues and will probably move to Fidelity this year.
Co-Pilot, my budgeting software, provides the actual percentage value of my holdings. As far as I know, Robinhood doesn’t have that feature; it only shows numerical values of equity.
I am still using Robinhood for now, but I’m aware of their issues and will probably move to Fidelity this year.
Co-Pilot, my budgeting software, provides the actual percentage value of my holdings. As far as I know, Robinhood doesn’t have that feature, it only shows numerical values of equity.
The same thing is tracked by IVV and SPY. Both are not necessary. Also, for someone so young, that is a sizable exposure to bonds. I would even contend that bonds are unnecessary for something your age.
It might be simplified to a few tickers and appears rather complex overall.
Since VY already encompasses everything, why not just complete that? It will grow perfectly at 24 and in 40 years you’ll be sitting on a crazy egg.
It also implies that you will never again give stocks a second thought.
QQQM tracks the same index and is cheaper, so I would consider switching to that. Personally, I’d drop the bonds altogether; I’m retired and have a 100% equities portfolio.