I’m a bit dumb in investments and not sure what to do. I have $300k in Robinhood and Wealthfront investments. 31.44% since 2018 (Wealthfront) and 19.16% since 2018 (Robinhood tech stocks). Is that good or bad? I don’t want to do individual stocks cause I’m an idiot when it comes to investment. I invested everything in tech and my portfolio wasn’t resilient to the recession. So should I invest it into Wealthfront and forget about it? I also want to try real estate but not sure if it’s enough to start. TC : $560k
I’ll DM you my account info and transfer it to me
Hire a financial advisor who you can discuss your goals and they can create a portfolio for you as they have w fiduciary responsibility to help you invest. However you can also just give it to me.
Make sure you are maxing any retirement accounts and get off of robinhood. They are not very reliable
Humblebrag post. Nothing more
Lol yahoo TC must suck if you think 500k in savings is a brag
OP's TC is the humblebrag, not the post itself
Give it to me.
VTI and chill
At the very least stick it in a short term bond fund where you can make 4.5%, you’re losing close to $700/mo with that in checking
31.4% in wealth front using HYSA?
For sure max out retirement and do mega backdoor Roth and backdoor Roth in fidelity. After that just stick it in Wealthfront is probably a good option. They probably even have a decent cash interest rate if you need to hold an emergency fund (should be 3.5% percent at least...) Forget Robinhood, crypto, rental properties ... don't try to gamble on the current fad. You're pretty much guaranteed to underperform Wealthfront in the long run . (Also if you have enough money in Wealthfront for direct indexing and trade elsewhere as well, then taxes can get complicated, do don't do that.)
Just use the target date fund for the retirement accounts....
Tbh, I don't understand what is the advantage of maxing out retirement after reaching a certain threshold. I did some random calculations using online tool. Putting in $50k or something and 10k a year (again nothing major), in 30 years, it will be worth a million or two. Isn't two million a lot to retirement?! Putting all the money into retirement leaves no funds left to, say buy a car or house!
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Find a fiduciary or an equivalent certified professional to help you plan your finances. You're also being an idiot coming on blind to ask what you do with your money.
Forget fiduciary, fees ain't worth it, just go vtsax. This is not financial advice.
DCA VTSAX. Reinvest dividends. All done! It’s that easy