The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: blackjack on July 04, 2014, 02:11:06 PM

Title: switching funds and critque of portfolio
Post by: blackjack on July 04, 2014, 02:11:06 PM

I make 100,000 a year and am 30 y/o( wife makes 49,000)

I just started saving 7 months ago
ING savings: 18,000
Roth IRA: 5000
Target Fund DATE 2045
401k: 3,000

 
   BOND MARKET INDEX FUND    Fixed Income - Intermediate Bond    5%
 
   S&P 500 EQUITY INDEX FUND    Large Cap Stock - Blend    35%
 
   S&P 400 MIDCAP INDEX FUND    Mid Cap Stock - Blend    20%
 
   RUSSELL 2000 INDEX FUND    Small Cap Stock - Blend    20%
 
   INTERNATIONAL INDEX FUND    International Stock - Blend    20%
I do hold about 5-6% in precious metals
Question
I want more risk I'm thinking of keeping my 401k the same but switching my IRA from the target fund to (VTSMX) 75% and 25% of (VGTSX) or just 100% in VTSMX

Title: Re: switching funds and critque of portfolio
Post by: blackjack on July 06, 2014, 09:39:11 AM

If I open a taxable account is it ok to have VTSMX  in both the roth ira and taxable account?

Title: Re: switching funds and critque of portfolio
Post by: Joel on July 06, 2014, 10:09:14 AM

It's best to have an asset allocation for your entire portfolio. Figure out the overall percentage you want and the. Get there using the lowest expense ratios possible amongst your accounts.