Hi all,
So I've been a great saver for a while, and have pretty high exposure to stocks, but I've always been very passive and just picked a fund and let it ride. Really just looking at the 10 year and longer and looking at it all as long term investment. I've been saving for a while and built up a pretty decent nest egg, but w/the recent dip in the market I figure it's time to re-look at things. Don't worry, I'm not in fear of the market and am not looking to play it safer, but just wanted to get your advice. Between my wife and I here's what our investments are looking like:
TSP - $315k in the 2050 lifecycle (planning on retiring in 22 year max, but that is the lifestyle fund most based in stocks, so I chose that)
Wife's 401k - $120k in a 2040 or 2050 lifecycle fund
Roth IRA - $80k in Fidelity funds (~$4k FBIOX, ~15k FCNTX, ~36k FDCAX, ~2.5k in FFFFX)
Fidelity Investments - $~30k all FBIOX
The FBIOX has taken a big hit which we have around $450/month recurring investments in.
I want to keep my exposure to stocks nearly 100%, I am find w/riding out the storms and plan to keep 90-100% stocks through retirement as well. The hope is that w/maxing out 401k/TSP, my Roth IRA and contributing to post-tax investments that we won't have a problem if there is a dip in the market, but am I all over the place? The ~$30k FBIOX is what we may have to use in 20 years or so if we retire then, everything else I don't pan to take until well into retirement.
I personally think between my Wife and I and 3 young kids that the savings part we are doing well, but we could use some help on the right funds to pick that I can just let it ride and forget about it. I can take the highs and the low's, but want to sure our portfolio is the right one for the long term strategy.
Thanks!