Hey All-
Still fairly new to the financial game, but I'm just jumping in and I absolutely LOVE this site. Anyway, here's my question.
I've seen a lot of people refer to investing in index funds and I've seen more than a few people recommend the 3 fund portfolio approach (US Stocks, Int'l Stocks, Bonds at varying levels of AA based on age, etc).
My question is, do you invest in the same things across all of your investment vehicles? For instance, right now, I only have two investment accounts and they are both retirement accounts.
- I have a 401K which 100% invested in to a target date mutual fund.
-I also have a Roth IRA which I just started (so there is only $5,500 in there) and the plan is to go with the 3 fund portfolio approach once I have enough money in there to actually be able to do that (account minimums prevent me from allocating accordingly at the moment so right now I have all $5,500 in a US Total Stock Market fund with Fidelity).
- My next step is to open a taxable investment account and after perusing this site I'll probably do it with Vanguard. But I have no idea what to invest in. Should I just invest in the same things as my Roth then? Do you guys invest in different things across your various investment accounts? If so, how do the investments differ by account and why?