Jacek asked in Business & FinanceInvesting · 1 month ago

Hi, Im a 20 year old trying to figure out the best investment portfolio to use long term in a Roth IRA . Any advice would be great! ?

Below is my current allocations. Please review and leave any thoughts or advice. Thanks!

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  • 1 month ago

    I'm not much of an ETF guy, I've been doing individual stocks for nearly 40 years.  If this were your full portfolio I would agree with other posters. But, in a tax deferred account I like to have an overweight on the more conservative dividend paying securities, and I put my high risk weighting in a taxable account. A) because they tend to pay no or little in dividends to be taxed, and b) if they don't pan out I can realize a tax loss on them. 

  • kswck2
    Lv 7
    1 month ago

    I think it is a bit too conservative for your current age. 

    At age 20, i would look for steady dividend paying stocks, like some utilities, that pay 4%+. (Consolidated Edison-ED comes to mind). Max out the contribution each year, spend it all on one or two stocks, and reinvest the dividends. Do that for five years and reassess. 

  • 1 month ago

    Buy a house.  Houses almost always appreciate; and you need to live somewhere.  At age 50 (if you do not upgrade) you will have no more house payments

  • Judy
    Lv 7
    1 month ago

    might b a little conservative for your age, but in these very uncertain times, probably ok.

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  • 1 month ago

    So rather than talking to a financial advisor you though it would be best to ask a bunch of random strangers on the net?  Good luck with your bankruptcy stupid dude.

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