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I'm buying puts.
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I'm buying puts.
So I have about $70k in my Roth 401k. Been reading a lot of investment books where they say anything less than $150-$200k it's not worth it to hire a financial planner.
My question is until I get to that point should I just leave all my funds in the s&p 500 index until I reach that point? There's also the Wilshire 5000 index which gives exposure to the entire market.
Just started reading about eft and while intrigued I want to read an little more before I pull the trigger.
And also since I'm 40 and presumably will be working for the next 20- 25 hours what's the point in rebalancing? I don't need the money right now anyway so why rebalance if my portfolio is obtaining a higher percentage of stocks than bonds. I'm okay with the volatility.
Let me know your thoughts.
Thanks.
I’d hit the finance thread - this is the “Degen Gamblers Anonymous” one
I feel like it didn't used to be, this **** got turned into wallstreetbets.
GMEI’ve only been on NT a year or so, EYE can’t call it brother![]()
Not worth a financial planner at this point, most charge ~1%+. S & P been putting up ~10%/year historically, it did even better these last few years if you want to go that route--VOO is a popular ETF that follows the S&P with low expense ratio 0.03% if you decide on that. Some go more smaller caps to diversify (VTI), some do more international to diversify (VT whole world including U.S., VXUS whole world not including U.S.A.). Some go more aggressive with tech-based stuff. I'm in mid-30s so I go more aggressive for now, and I'll rebalance everything when closer to retirement. NFA and all thatSo I have about $70k in my Roth 401k. Been reading a lot of investment books where they say anything less than $150-$200k it's not worth it to hire a financial planner.
My question is until I get to that point should I just leave all my funds in the s&p 500 index until I reach that point? There's also the Wilshire 5000 index which gives exposure to the entire market.
Just started reading about eft and while intrigued I want to read an little more before I pull the trigger.
And also since I'm 40 and presumably will be working for the next 20- 25 hours what's the point in rebalancing? I don't need the money right now anyway so why rebalance if my portfolio is obtaining a higher percentage of stocks than bonds. I'm okay with the volatility.
Let me know your thoughts.
Thanks.
I bought puts right before close. Went super small in size.
We'll probably run right back up tomorrow.
You are fine. Do not hire anyone. Do not rebalance. I am 100% equities at all times. Idk if I will ever own fixed income.So I have about $70k in my Roth 401k. Been reading a lot of investment books where they say anything less than $150-$200k it's not worth it to hire a financial planner.
My question is until I get to that point should I just leave all my funds in the s&p 500 index until I reach that point? There's also the Wilshire 5000 index which gives exposure to the entire market.
Just started reading about eft and while intrigued I want to read an little more before I pull the trigger.
And also since I'm 40 and presumably will be working for the next 20- 25 hours what's the point in rebalancing? I don't need the money right now anyway so why rebalance if my portfolio is obtaining a higher percentage of stocks than bonds. I'm okay with the volatility.
Let me know your thoughts.
Thanks.
Hot Take. If you are employed you shouldn't own any fixed income at all. Your salary is your fixed income.
80%How much of America lives paycheck to paycheck?
Pretty much everyone, its 80% unfortunately, but if you have money to put into the stock market you thereby have discretionary income—different rules.How much of America lives paycheck to paycheck?
Not worth a financial planner at this point, most charge ~1%+. S & P been putting up ~10%/year historically, it did even better these last few years if you want to go that route--VOO is a popular ETF that follows the S&P with low expense ratio 0.03% if you decide on that. Some go more smaller caps to diversify (VTI), some do more international to diversify (VT whole world including U.S., VXUS whole world not including U.S.A.). Some go more aggressive with tech-based stuff. I'm in mid-30s so I go more aggressive for now, and I'll rebalance everything when closer to retirement. NFA and all that
Pretty much everyone, its 80% unfortunately, but if you have money to put into the stock market you thereby have discretionary income—different rules.
Thats capitalism.
I’m heavy in semiconductors long term. Need semiconductors for computers, smart devices, servers, AI etc. mostly in semiconductor ETFs: SMH, FSELX (work retirement through fidelity only lets me auto-invest in FSELX).In the same boat, what do you go with to be aggressive?