I'll try to keep this as short as possible, but in general this is sort of the "Plan" im going for. Im no way "experienced" with investing and am still quite a noob at a lot of this. It might be a bit of text since it's split out into 3 categories of where im looking to invest.
First and foremost I have an emergency fund and a comfortable financial living situation so this is to me the "next step". Plus I find it exciting at the thought of doing this.
1st: My Schwab Account (Or Vanguard, which is appealing due to their low fees but I already have a Schwab account itself thats old and has nothing in it): I want to create a Roth IRA here. Index Funds purely. The few im looking at are Vanguards Total Stock Market, Vanguards Dividend Appreciation ETF and also I'd like a Tech ETF ( SPDR Technology Sector ETF ? Vanguard also has one as well). Is it "bad" to have multiple ETF's for something like this. (This would be my main "funding" account after maxing my 401k
2nd: Dividend DRIP Portfolio using M1 (i've heard good things). This is more for my "personal entertainment" and Intermediate (as opposed to retirement) income. I like the idea of passive investing DRIPS. I really like some of the REIT's for their high dividend yields and relative stability (My main "focus" would be on some of the Telecom and Data Center REIT's, since those make sense to me for future growth. Im too unknowledgable about the other real estate markets to know what good ones are, but I know there are some). As well as the Timber and Agriculture REITS (LAND I think would be the only Farmland one).
Otherwise i'd be looking at the S&P Dividend Aristocrats or SPHD (Low volatility high dividend) stocks as well to fund these. This category would be my "Fun to pick and watch". I'd probably invest less than 100-200 a month in this. Basically looking for just stable high dividend yield stocks in a variety of sectors (Plus ones that I have an interest in).
3rd: My Robinhood account would be my fun account. Im talking less than 20-30 bucks for literally just "fun investing". Worst case scenario im about 20 bucks, but I at least get to spend some time learning about a company and learning which investments are bad and have a little fun in the process. This way getting burnt is pretty low impact...and hey might make a little bit.
Is this a silly idea? What about tax wise? (I guess i'd really only get tax documents that would be confusing on the last 2?) Or is this an ok idea. I feel like it covers both retirement/intermediate gains and learning about trades with low risk.
Thanks! and sorry for the wall of text. This seemed a little too complex of a question to put in daily advice thread.
Submitted September 28, 2018 at 12:45AM by mercfh85 https://ift.tt/2NK8v3X
