I'm 22, working as a pricing analyst earning $50k + quarterly bonuses, and I have been very fortunate to receive $13k from the sale of a stock in a custodial account. Between that and my recent bonus, I have plenty to invest, but I want to be prudent. I immediately saved 3 months of expenses in my emergency fund, so $6,000. But how should I invest the $6,500 I have in my Roth IRA?
Currently, I have a bit in QQQ and a semiconductor ETF as I want to be more aggressive given my age and risk tolerance. Should I just split 50% on QQQ and another 50% on semiconductors/tech industry ETFs, even in this environment? I have so much time to ride out a downturn and I've decided that any money I am putting towards buying a house should not be in stocks. Is this a reasonable split?
Submitted October 20, 2023 at 10:16PM by futuremillionaire01 https://ift.tt/z6qo2Ah
