Hi. I am 28, live in SF, single. I have recently overcome a drug addiction and getting my life on track. I missed the March dip and wondering how can I invest the money for the long term hoping to retire earlier than 60 Last week I invested $10k into VTI/VXUS/VGT 70/20/10 in a taxable account. I am a little scared due to worried if economy and COVID when November comes 401k DCA each paycheck, $6k into IRA but haven’t invested. My ira broker is fidelity. TC 150k
We havent seen bottom yer
Dollar cost average into the market
Best way to do it, don’t try to time the market
ETF of US growth stocks
Why growth over other factors?
Let me first say i’m by no means an expert, I’m just into finance. With that said, US growth ETF of s&p, seem to have highest rate return amidst the crisis, according to known financial services company.
Max 401k, IRA--rest into S&P and hold
DCA into either sector focused ETFs you like or just SPY
I think there will be another dip and I don’t know when (maybe when a series of bankruptcies happen). I’d say invest conservatively (safe assets) for now until we see covid dying out.
Agree with this... real question is when the dip is
Definitely also download a personal finance app like personal capital or mint to manage and track your finances/investments
Max out your 401k / IRAs and consider bonds as another alternative if you are worried about the market.