I'm creeping into the investing area. I tried my hand at crypto (yeah I know) with only a thousand or so. Made a little. Paid taxes. And all in all didn't gain much. What I did gain though, an understanding that I enjoyed looking at graph trends, researching options, and putting money on the line.
I want that to transition into investing as a more practical hobby. I've lurked on here, wsb, stocks, personal finance, etc. I opened a Roth Ira for the long haul and to put off the taxes until then. I'm starting with about 2500. From what I've read, an S&P500 indexed etf seems to be what people recommend. I'm curious as to whether or not people think stocks might be a better option.
I'm interested in stocks because that's an exposure I don't have within my roth 401k. Currently in my Roth 401k, I contribute 10% and am matched 6%. I have it diversified aggressively at 13% S&P500 indexed, 13% large cap growth, 12% S&P500 mid cap indexed, 12% Russell small cap indexed, 14% international index, 3% company stock, 15% emerging market equities, and 18% nasdaq 100 indexed.
So due to me already being weighted 13% of my Roth 401k towards an S&P500 index, I'm inclined to not go in the direction of the frequent advice I see. What I am leaning towards is AI. I'm looking at TCEHY and MSFT. Both said they were committing to AI. Might be 2 of the best non processor stocks that aren't GOOG or AMZN. Thoughts anyone? Should I be doing something else?
About me. 26. 55k year salary plus bonuses. Promotion to 64k within year (obviously not gauranteed). 15k student loan debt. 10k auto loan debt. Starting a rent to own situation with fiance. 1000 a month with 250 of each payment going towards down payment.
Submitted April 25, 2018 at 11:13AM by LordOfNightsong https://ift.tt/2vKKLnD
