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Started By
Message
30 year Investment Strategies
Posted on 4/3/17 at 10:21 am
Posted on 4/3/17 at 10:21 am
I'm making an 11,000 contribution to a ROTH IRA (for 2016 and 2017).
I'm looking at about a 30-year window.
I'll contribute the maximum each year (5500).
My appetite for risk is quite high. If the market dips, I'm going to buy more, not cash out.
Opinions or Suggestions on what you would do? Attracted to Index Funds for the low fees and no management really required.
I'm planning on going with Charles Schwab. When the account gets large enough, consider having someone come up with a strategy for me.
Has anyone looked at their "Intelligent Portfolio"? Thoughts? I can't stand that large contribution to cash and it looks like at minimum it'll be roughly 6% with that avenue, but can get up to 10 and even 20 depending on how I answer the survey.
Right now, due to my lack of experience with investing, I'm leaning heavily toward an index fund that tracks the S&P500.
I would love to hear some ideas for what you would do with this money.
I'm looking at about a 30-year window.
I'll contribute the maximum each year (5500).
My appetite for risk is quite high. If the market dips, I'm going to buy more, not cash out.
Opinions or Suggestions on what you would do? Attracted to Index Funds for the low fees and no management really required.
I'm planning on going with Charles Schwab. When the account gets large enough, consider having someone come up with a strategy for me.
Has anyone looked at their "Intelligent Portfolio"? Thoughts? I can't stand that large contribution to cash and it looks like at minimum it'll be roughly 6% with that avenue, but can get up to 10 and even 20 depending on how I answer the survey.
Right now, due to my lack of experience with investing, I'm leaning heavily toward an index fund that tracks the S&P500.
I would love to hear some ideas for what you would do with this money.
2
Posted on 4/3/17 at 10:48 am to Wind
I just gave this exact advice to my sister, who also has 11k to invest in her ROTH.
We use Fidelity so this advice is tailored to that.
You don't want to invest the 11k all right now. I'd take $2,500 (minimum investment for most Fidelity MFs) and invest in FUSEX (Fidelity S&P fund). Then, I'd set up an automatic contribution of $500 every month into that mutual fund. Maybe you do more than $500 to start so that you can get it all DCAd into the fund sooner rather than later. Eventually you'll get to a point where you should be depositing ~$450 into your ROTH every month that is in turn being auto-invested into your S&P fund almost simultaneously.
We use Fidelity so this advice is tailored to that.
You don't want to invest the 11k all right now. I'd take $2,500 (minimum investment for most Fidelity MFs) and invest in FUSEX (Fidelity S&P fund). Then, I'd set up an automatic contribution of $500 every month into that mutual fund. Maybe you do more than $500 to start so that you can get it all DCAd into the fund sooner rather than later. Eventually you'll get to a point where you should be depositing ~$450 into your ROTH every month that is in turn being auto-invested into your S&P fund almost simultaneously.
Posted on 4/3/17 at 8:45 pm to yellowhammer2098
quote:
You don't want to invest the 11k all right now.
Why not take advantage of all the interest that can be earned while the stock market is doing fairly well and prices are high and climbing?
Posted on 4/3/17 at 8:53 pm to yellowhammer2098
quote:id invest it all now.
You don't want to invest the 11k all right now
Posted on 4/3/17 at 9:11 pm to jimbeam
quote:
id invest it all now.
Kinda what I was thinking as well
Posted on 4/3/17 at 9:27 pm to Wind
I'd have to take a long look at QQQ
Posted on 4/3/17 at 10:09 pm to jkcooper92
quote:
Why not take advantage of all the interest that can be earned while the stock market is doing fairly well and prices are high and climbing?
Why Dollar Cost Averaging Works
Why dump it all in when the market is at an all time high?
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