Finally moved my old 401k to an IRA

you could pay a professional to advise you on an allocation or you could try a robo manager.

quote:

---

QQQ

---

Market is down its good day to buy if you are not already invested. QQQ has been ok, but most of it is driven by NVIDIA, Broadcom and Tesla, are you not worried those are overvalued at this point? Serious question...


Start with JEPI, JEPQ and have those monthly dividends drip. Diversify from there. Find some other ETFs to spread your money to and pile those dividends back into it.

QQQ has been ok, but most of it is driven by NVIDIA, Broadcom and Tesla, are you not worried those are overvalued at this point? Serious question...
-

I am not smart enough to pick the individual stocks, although Apple is tempting. So QQQ has been my go to.

quote:

---

I am not smart enough to pick the individual stocks, although Apple is tempting. So QQQ has been my go to.

---

Not a bad plan. I have some QQQ too ...

META

Look into mutual funds/etf's that have performed well over a long period of time with low expense ratios. You'll have to research what funds you're able to choose from.

It's going to be very hard to pick and choose individual stocks, imo. Mutual funds/etf's give you diversity and typically are much less risky than individual stocks over the long term. I'm of the opinion that retirement funds like 401k's, IRA's, etc are much better off when diverse, which also leads to less risk.

If you want to open a brokerage account, I think that's where you can probably take a little more risk and look at individual stocks, since you're money is more liquid there and you can back out of that at any time if you want.

My current 401k is broken out this way:

- one that mirrors the S&P 500
- one that's focused on dividend funds(all dividends are reinvested to buy more shares)
- one that's a targeted retirement fund(it basically is aggressive up front and will automatically adjust risk as you get closer to retirement)
- one that's focused on REIT's

All have exceptional long term performance and are less then .75 expense ratio.

fwiw, I'm up almost 10% overall for the year.

quote:

---

I've had my roth and rollover IRA in VTSAX for years. Should I look at moving to a different Vanguard fund for better returns?

---

I'm in no way a financial advisor, but I'd say it just depends on your risk level. That seems to be a pretty diversified fund, so you're probably ok, but I do like to have my money spread out through several funds.

I take a relatively conservative approach to non-liquid investing, so it's really up to our risk level and what you want.

Bulk of my retirement money is usually in a few broad index etfs. There are a number of good choices. The symbols vary depending on source. Total market, s&p 500, Russell 1000, Russell 2000, Nasdaq 100.

I keep a separate "play" account of individual stocks. Not as much money as the index money, but some of the winners have done very well. It normally has about 10 or 12 choices. Apple, Nvdia, Waste Mgmt are some winners, but the misses happen as well. Held 3M too long, lost big in the A123 battery technology company, and some others. This account keeps me more interested in following the market and staying informed.