Author Topic: Where to invest  (Read 1098 times)

HydroJim

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Where to invest
« on: July 31, 2015, 10:52:39 AM »
Currently, I have about $3200 in my Roth IRA from my 2014 contribution of $3000. By the end of 2015, I'm hoping to contribute the yearly max of $5500.

My current assets are invested in Vanguard's VTSMX which is a 100% domestic stock index fund. I'm assuming that I should now diversify my portfolio with some international stocks and some bonds. Where should I put the $5500? I'm open to all suggestions.

Background info that is probably pertinent: I'm currently a 19 year old college sophomore so I won't be retiring for a long time. I'm making about $10k a year and have college fully covered by scholarships. So that's why I'm able to invest a good amount for my age.

forummm

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Re: Where to invest
« Reply #1 on: July 31, 2015, 10:56:17 AM »
For the small amount of money you have, VTSMX is just fine. You won't need that money for a long time. Maybe once you get around $50k you can start diversifying. Just keep putting the money away!

MDM

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Re: Where to invest
« Reply #2 on: July 31, 2015, 11:36:57 AM »
VTSMX is indeed fine.  If you do want to diversify, consider VTTSX (2060 target date retirement fund).

Rosy

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Re: Where to invest
« Reply #3 on: July 31, 2015, 12:16:43 PM »
Oh wow, you are only 19 and rocking it! Congrats on staying student debt free and saving 1k a month.

Can't help you much on the investing side since I know nothing, but I am having fun looking into the
http://www.bogleheads.org/wiki/Lazy_portfolios.

HydroJim

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Re: Where to invest
« Reply #4 on: August 01, 2015, 09:21:54 AM »
Thanks for your advice everyone.

I've decided to just stick with VTSMX for now.

fb132

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Re: Where to invest
« Reply #5 on: August 01, 2015, 09:32:15 AM »
Good for you, I wish I were 19 and doing the stuff you are doing...instead at your age I was spending my money on stupid stuff.