Personal Investments • Financial Advisor says my portfolio is akin to a retiree at age 34

I’m about to make some huge life changing decisions the next couple of years (getting married; buy a house, have a kid). So I figured I’d ask around for critique on my portfolio.
A financial advisor I talked to told me that my portfolio is way too conservative for my age and missing out on growth. Plus my asset allocations are not diverse enough and that I should be adding REITs and some high growth funds.

I understand that he was likely trying to up-sell me on their services, but do Bogleheads think that there’s any truth to that?
Considering my immediate plans for the future, should I be taking a second look at my portfolio and reassess?

Thanks!


Tax Filing Status: Single
Tax Rate: 32%-35% Federal, 0% State
State of Residence: WA
Age: 34


Current assets

Emergency funds: ~$15,000 (Ally Savings Money Market account)
Debt: $4,000 in car loans at 0% APR ( I don’t really care to pay it off soon as it’s 0% and helps build my credit score.)

Tax-Efficient

Vanguard Roth IRA
$29,631 - VFIAX
(Will be adding $7000 this year)

Vanguard 401k
$248,288

• $191,254 - Vanguard 2055 Target Retirement

• $57,034 - VTBLX

Company match? Yes. 50% upto $6000

I-Bonds
$30,000
(Likely to add $10,000 this year)

Taxable
$73,614 - Individual Stocks (mostly tech portfolio. Started out with $20,000 in ‘fun money’. I have mostly made back my investment through sale of stocks)
$63,000 - RSU from Employment

Vanguard Brokerage Index Funds
$355,914 - VTSAX
$193,777 - VTIAX
$65,926 - VOO

WealthFront (Robo Investment)
$72,989
(I opened this before I had any idea on what I was doing, moving this to Vanguard will bring in a dozens of investments that will clutter my portfolio so leaving it as it is.)

Cash (Vanguard Market Fund)
$200,000
(Saving up for a down payment in a HCOL area)


Total Assets
$1,355,345

Statistics: Posted by harsha1 — Tue Mar 12, 2024 5:52 am — Replies 20 — Views 1217

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