Hey all,
I'm relatively new to financial diversification and despite the loads of time I've poured into educating myself, I still feel a little lost. For initial context, I'm 34, I make around $85k/year (not salaried).
About six months ago I opened an automated investment account with Wealthfront. My risk tolerance is set at an 8.0 out of 10. On the first of every month, $1k is deposited into the account from my checking account. To date I've put $12k into the account. My portfolio breaks down as follows:
45% US Stocks (VTI & ITOT)
15% Municipal Bonds (VTEB & MUB)
15% Emerging Market Stocks (VWO & IEMG)
15% Foreign Developed Stocks (SCHF)
9% Dividend Growth Stocks (VIG)
At the moment, my only goal was to get my feet wet and have my money do something for me passively. I also have a HYSA with a couple years' worth of living expenses sitting in it at 4.35% APY. I'm not really looking to become a day trader, but does this breakdown seem like the best use of my money at this point in time? How else can I be educating myself, and in what other areas can I put effort to maximize my returns?
Submitted February 26, 2024 at 11:58PM by Mr_Kinton https://ift.tt/b9waEhB
