I want to preface this by saying thank you to the community here in general. You guys have been a solid voice of reason when it comes to making speculative and emotional investing decisions.
I switched careers in December and recently put in for a rollover of my old workplace 401k into a Vanguard IRA.
The funds cleared this morning and have been deposited into a Money Market Fund till I figure out what to do.
Background, I am turning 28 and have been working full time for almost 5 years. I have slowly increased my savings rate and have been learning about investing. I would like to FIRE in the next 10-12 years. My savings rate is 50% as of this year. I make $47,000 gross salary, plus another $3-4k from side hustles. $0 debt, and no dependents.
Currently my stock/bond portfolio includes
Roth IRA
VASGX LifeStrategy Growth Fund - $21,000
VGPMX Mining Fund - $4,600
VGENX Energy Fund - $3,000
401k
VITSX Total Stock Fund - $1,400
VTSNX Total International Stock Fund - $400
VBTIX Total Bond Fund - $300
Rollover tIRA
VMMXX - Prime Money Market Fund - $21,600
I would like to invest the Rollover IRA $$ into a mix of stocks/bonds. I can stomach some volatility so I was thinking about shooting for an overall 70/30 - 80/20 AA.
I have been doing a ton of reading both here and on the Bogleheads forum. Here are a few idea's I have come up with.
Do ~$17k into Vanguard Total Stock Index, ~4,600 into Vanguard Total Bond Index.
Do all $21,600 into LifeStrategy Growth Fund (Much more international exposure, not sure if good or bad?)
Do all $21,600 into a Vanguard 2035 or 2040 Target Date Fund.
Any other options you guys would suggest based on my situation?
If there is any additional info, I would be happy to provide. If it makes any difference, I do have 6 months of living expenses in E-fund in cold hard cash, I also have a sizable chunk of my net worth in physical metals.