I am 37 years old, and my entire 401k is invested in VOO

Hi everyone My 401k is fully invested in VOO, with over $300k in it. I also own additional stocks, worth about $100,000, that are also from SNP500. I might not withdraw any money for the following thirty years. I don’t want to be actively involved in voo and instead take a hands-off approach. Is this strategy appropriate for growth and safety?

8 Likes

VOO and relax—it is your safest move. Just hold on and never sell.

7 Likes

When you are pulling down, you need to have a plan. What fun is that, unless your intention is to die and leave it to others to spend?

6 Likes

I am saving until I reach $17.61 million, and then it will be Chandon and lobster tails every day of the week :sweat_smile:

5 Likes

With $17.61 million, just invest in your own fishery and catch a lifetime supply of lobsters. Problem solved! Lobsters as payment for my service, please :innocent:

4 Likes

Even though my friend has $12 million in the bank, he still feels uneasy about his money. All of it is invested in CDs for him. His reasons for not purchasing a property are that “homes are too expensive”, he even says that the stock market is too dangerous and that he rents instead of buying an index fund. He has even talked to financial consultants despite my attempts to reason with him, but he refuses to alter his behavior.

3 Likes

For real this is a mental illness :rofl:

2 Likes

Whoa, twelve million dollars and no sense of security? I believed I was flawed. I concur that this is a mental disorder.

1 Like