Investment Strategy for 50 year-old

There are just so many missing variables it's hard to give any advice. Here an example of a few things needed:

- Does he have any debt
- Income level
- assets other than home/car
- Married, kids?
- Educational Planning
- Goals/preference in trade offs from working longer to spending more in retirement, leaving a legacy
- Experience with investments
- Level of risk/volatility willing to take
- Time frame for this investment
- Need for liquidity?
- etc, etc, etc

quote:

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I have a roth ira with about 15k in cash that can go into market and a robinhood account that i plan to finance $500 a month for dollar cost averaging. Let me know if you are willing to share what you are looking to invest in or what your plan is at our age.

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Now I'm assuming you've already maximized the of the various retirement opportunities (Roth, 401k--especially to get the employer match, etc.), and there isn't any high interest debt that could be paid off.

Anyways, it looks like you're using Robinhood as a long-term investment tool instead of short-term holds and quick trades. If so, then I would recommend using M1 Finance for long term investing instead, and Robinhood for short-term positions.

Both M1 and Robinhood have zero fees, although M1 Finance trades occur once a day at the start of the day, which makes Robinhood more ideal for short-term positions and day trading.

On the other hand, M1 Finance is better for investing since you can create a portfolio with "pies" within that portfolio which allows you to automatically invest (and reinvest dividends) as allocated by the pies and portfolio, and the funds are allocated to ensure that targets remained balance (essentially rebalancing with every trade). In addition, it allows you to buy fractional shares of stocks and ETF's, and offers various pre-designed pies for a bunch of investing strategies (income, growth, risk tolerance, hedge fund holdings, etc.). Finally, once your taxable account reached $25,000, you can borrow up to 35% of the account's value with a low interest (currently 3.75%) line of credit.

So in summary, if you're going to invest in the market with taxable accounts, then I would recommend Robinhood for short-term positions and M1 Finance for long-term investments.

We are taught risk equals reward, but that Is not true. There are things out there that are low risk and can be above average growth. However, if the money is after-tax, he may want to put it in something that to where he can get an income every month to help them pay down any debt liabilities or he can look at growing up in a tax advantage manner. It really depends on each individual situation.

I have a 6% match from my employer for my 401b that I make sure I contribute the full amount. I also try to max out my roth IRA with Vanguard (although I probably get ~4k in it annually with my current salary). My roth is comprised of VFFVX(64%) and VTSMX(36%) and my 401 is OSMAX(91%) and VFIAX(9%). I'll likely change up my holdings in my roth at some point in the near future and transition away from that VFFVX and get into some tech and real estate etfs.

In my brokerage I have a couple different etfs:
VCLT(8%)
VEA(33%)
VGT(25%)
VOO(9%)
VYM(25%)

i was following this thread; and was just curious if anyone had any updated advice after the edit of the OP from 9-20 with more info???