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Suppose you were all in cash for the past 3 months…
Posted on 7/30/24 at 10:38 pm
Posted on 7/30/24 at 10:38 pm
Hypothetically, at current prices, what would you be buying? Looking for ideas.
I know, not financial advice.
Have an IRA that is about half my retirement that got rolled over into a new fidelity IRA after firing my FA. Have about 180k in it in cash. 39 yrs old. High risk tolerance.
I know, not financial advice.
Have an IRA that is about half my retirement that got rolled over into a new fidelity IRA after firing my FA. Have about 180k in it in cash. 39 yrs old. High risk tolerance.
9
Posted on 7/31/24 at 3:24 am to Saint5446
quote:
Have about 180k in it in cash. 39 yrs old. High risk tolerance.
On this site where people sell local businesses, a gentleman is selling a gas station in Spearsville, LA.
Take. That. Risk.
Posted on 7/31/24 at 5:49 am to Saint5446
If you're buying right now, I'd start with SMH, VGT and IBIT. In general, I'd look for an allocation like this for a high risk tolerance.
VOO-30%
VTV-20%
VUG-15%
VGT-10%
RSP-10%
SMH-7.5%
IBIT-7.5%
VOO-30%
VTV-20%
VUG-15%
VGT-10%
RSP-10%
SMH-7.5%
IBIT-7.5%
This post was edited on 7/31/24 at 5:51 am
Posted on 7/31/24 at 6:23 am to UncleLester
Sorry let me specify, cash in an IRA, not liquid cash that can purchase a business.
Posted on 7/31/24 at 8:40 am to Saint5446
quote:
Sorry let me specify, cash in an IRA, not liquid cash that can purchase a business.
Who says you can't buy a business with an IRA?
This post was edited on 7/31/24 at 8:40 am
Posted on 7/31/24 at 9:26 am to Saint5446
At current prices? Well...
The Volatility Index (VIX), which measures the stock market’s expectation for volatility over the next 30 days based on option prices for the S&P 500 stock index, has been steadily rising and on July 24th it rose by almost 25% in a single day marking its largest Spike since April of 2022.
So, what's that mean? Expect a huge amount of volatility in the markets for the rest of the year. While over the long haul, it won't likely matter, plopping all that $180k right now all at once could produce some significant short-term losses? Can you ride that out?
You can't time the market, and the goal is to grow wealth over the long term. Long term prospects for the broader markets, like the S&P 500, appear to be good.
Here's one possible scenario:
Maybe what you do is invest a portion (you could decide the %) of the total into a couple of ETFs that have different objectives and park the rest in a high yield money market fund. For example, take a position with a Growth ETF (like QQQM), a Dividend ETF (like SCHD or SPYI), and an S&P 500 ETF (like VOO).
In addition to something like that, consider SVOL, which has a very high yield a has been very good at minimizing downside risk. And CALF, which focuses on Small Cap Stocks and a possible uptick in the next few months.
Seeking Alpha Is A Good Research Tool.
Or:
Tips Ranks
I have a Fidelity account and love their research tools.
Then set up automatic deductions (you determine the time frame. Monthly for example). Benefit of taking advantage of dollar cost averaging (DCA) and using automatic dividend reinvestment plans (DRIPs - where the dividends you receive are automatically used to buy additional shares without you needing to do anything).
There are a million ways to do this. And we all will have our successes and failures. Main thing to me is to start doing something and be disciplined for the long haul.
Good luck!
The Volatility Index (VIX), which measures the stock market’s expectation for volatility over the next 30 days based on option prices for the S&P 500 stock index, has been steadily rising and on July 24th it rose by almost 25% in a single day marking its largest Spike since April of 2022.
So, what's that mean? Expect a huge amount of volatility in the markets for the rest of the year. While over the long haul, it won't likely matter, plopping all that $180k right now all at once could produce some significant short-term losses? Can you ride that out?
You can't time the market, and the goal is to grow wealth over the long term. Long term prospects for the broader markets, like the S&P 500, appear to be good.
Here's one possible scenario:
Maybe what you do is invest a portion (you could decide the %) of the total into a couple of ETFs that have different objectives and park the rest in a high yield money market fund. For example, take a position with a Growth ETF (like QQQM), a Dividend ETF (like SCHD or SPYI), and an S&P 500 ETF (like VOO).
In addition to something like that, consider SVOL, which has a very high yield a has been very good at minimizing downside risk. And CALF, which focuses on Small Cap Stocks and a possible uptick in the next few months.
Seeking Alpha Is A Good Research Tool.
Or:
Tips Ranks
I have a Fidelity account and love their research tools.
Then set up automatic deductions (you determine the time frame. Monthly for example). Benefit of taking advantage of dollar cost averaging (DCA) and using automatic dividend reinvestment plans (DRIPs - where the dividends you receive are automatically used to buy additional shares without you needing to do anything).
There are a million ways to do this. And we all will have our successes and failures. Main thing to me is to start doing something and be disciplined for the long haul.
Good luck!
This post was edited on 7/31/24 at 9:58 am
Posted on 7/31/24 at 9:32 am to Nole Man
75% VOO and 25% QQQ
Posted on 7/31/24 at 9:55 am to Saint5446
on the one hand, i'd say it depends on what the noncash part of the IRA is invested in as well as what the other half of your retirement is invested in
on the other, I'd say you're only 39 and time in the market beats timing the market so I'd put it all in VOO or similar and not worry
on the other, I'd say you're only 39 and time in the market beats timing the market so I'd put it all in VOO or similar and not worry
Posted on 7/31/24 at 9:59 am to Saint5446
quote:
High risk tolerance.
You already know then. Put 10% into IBIT.
Posted on 7/31/24 at 12:52 pm to Nole Man
Thank you all for the thoughtful answers. Will check out fidelity risk tools.
Posted on 7/31/24 at 1:05 pm to Saint5446
If it were me?
60% s&p 500, 15% extended market (small/mid cap), and 25% International. Low expense ratio ETFs/index funds of course.
Wouldn't try anything crazy with 180k in retirement funds..
60% s&p 500, 15% extended market (small/mid cap), and 25% International. Low expense ratio ETFs/index funds of course.
Wouldn't try anything crazy with 180k in retirement funds..
This post was edited on 7/31/24 at 1:07 pm
Posted on 7/31/24 at 1:06 pm to MrSpock
quote:
Who says you can't buy a business with an IRA?
Especially one with underground tanks leaking into the soil which is a financial disaster to clean up. I worked with a banker who said they would never foreclose on a gas station.
Posted on 7/31/24 at 1:49 pm to Saint5446
$50K VOO
$50K VGT
$25K ASTS
$20K ARCC
$15K COST
$10K AMD
$10K XOM
$50K VGT
$25K ASTS
$20K ARCC
$15K COST
$10K AMD
$10K XOM
Posted on 7/31/24 at 2:08 pm to Saint5446
Hypothetically OP about to buy whatever the most upvoted post says
Posted on 7/31/24 at 3:59 pm to Saint5446
60% VOO
35% VGT
5% SCHD
35% VGT
5% SCHD
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