I'm a set it and forget it type of person. I want something I can just put my money in, throw away the key, and check on it in few years down the road. I do contribute a lot to my 401K by the way.
With that being said I want to allocate 80% of my money toward diversified funds such as index funds or ETFs. The other 20% is my gamble.
I have high hopes for gas\oil. It has been low for some time and like it or not, gas is here to stay for quite awhile. I've been interested in UGA, an ETF that tracks the price of gas at the pump. I can tell how well I'm doing just by looking at pump prices. The other 5% is for me to "play" with a gamble on some of my own stocks for giggles and grins because it's better than the casino :).
I'm not really trying to "beat the market". I just want to be an average shmuck or slightly better. I'd rather not take risk but I'm young, don't NEED the money, and can afford some volatility.
With that being said here are my options for the "80% serious money".
- All into a total market index fund. Set it and forget it, check in 10 years.
- All into the S&P 500. Simple. I watch the news. If "the market" is doing well, I'm doing well.
- 33\33\33 S&P, Nasdaq, DJIA
- Manual diversification; 30% large cap (VUG), 20% mid-cap ETF (JKH), 20% small cap (SLYG), 20% international (FIGSX), bond funds (FTBFX)
So what do you guys think. After I reallocate what I have this will be about 50k.
Submitted January 19, 2017 at 08:20PM by Bonker823 http://ift.tt/2jdU6d0
