noob when it comes to finances
so please excuse my lack of knowledge
wanted to get opinions on aggressive vs conservatives investment options offered by Fidelity
I'm sure I'll get advice on not managing my own 401k but would like to gets tips/thoughts on that as well
TC: 200k 3 yoe
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comments
Those bonds are yielding 7-8%.
3% of 401k is in money market funds; again cause of yield and I like to play around
Super conservative cause I know S&P 500 not going to go any higher than it is.
Upside potential is low, downside potential is high.
Go aggressive index funds that have low expense ratio and diversify over 3 funds taegetting the broad market. Then auto invest and dont look at it for a decade. Seriously, ull see tesla jump up and down and want to get in but tour better off having a solid base and invest small amounts of money for those lotto tickets
As you inch closer to retirement you can start allocating more into bonds.
I’m 35, not an expert. But I have something like 60% domestic 15% international 25% bonds.
I’ve recently gotten a financial planner to help with these things. Waiting to actually meet with him.