Hello everyone,
I am a 22-year-old college senior and will be graduating next May with an engineering degree from Texas A&M.
I’m just beginning my investment journey and have decided to start with a Roth IRA with this year's max of 7K, funded through my internship earnings. I'm looking to get started on some investments.
I’ve been having some insightful discussions with my dad about where to invest. We’re focusing on index funds and ETFs, as they offer a good mix of diversification and growth and align with the “set it and forget it” philosophy.
ETF portfolio mix I am considering
50% base aligned to S&P 500, shortlisted FXAIX
20% in energy ETFs, any nuances or thoughts on over-indexing on the energy sector?
The remaining 30% are in other industry-specific sectors, I have not shortlisted any so far, so open to which sectors I should evaluate
I’m aware that the market continues to make new highs and that the upcoming election could have impacts on the market. One approach I am considering is to wait for any dips of greater than 3% in the coming weeks and then make an initial allocation of the portfolio and make the remaining allocation if there are larger corrections anywhere greater than 5% in the market.
I am controlling my urge to experiment with any company stocks. Instead going to invest my time in understanding markets, and investment platforms and most importantly honing and evolving my own approach, starting with studying the psychological aspects of investments (greed, fear, opportunity costs, taking profits, cutting losses, etc)
I’d love to hear y'alls thoughts, perspectives, and advice. Cheers!
I am a 22-year-old college senior and will be graduating next May with an engineering degree from Texas A&M.
I’m just beginning my investment journey and have decided to start with a Roth IRA with this year's max of 7K, funded through my internship earnings. I'm looking to get started on some investments.
I’ve been having some insightful discussions with my dad about where to invest. We’re focusing on index funds and ETFs, as they offer a good mix of diversification and growth and align with the “set it and forget it” philosophy.
ETF portfolio mix I am considering
50% base aligned to S&P 500, shortlisted FXAIX
20% in energy ETFs, any nuances or thoughts on over-indexing on the energy sector?
The remaining 30% are in other industry-specific sectors, I have not shortlisted any so far, so open to which sectors I should evaluate
I’m aware that the market continues to make new highs and that the upcoming election could have impacts on the market. One approach I am considering is to wait for any dips of greater than 3% in the coming weeks and then make an initial allocation of the portfolio and make the remaining allocation if there are larger corrections anywhere greater than 5% in the market.
I am controlling my urge to experiment with any company stocks. Instead going to invest my time in understanding markets, and investment platforms and most importantly honing and evolving my own approach, starting with studying the psychological aspects of investments (greed, fear, opportunity costs, taking profits, cutting losses, etc)
I’d love to hear y'alls thoughts, perspectives, and advice. Cheers!
Statistics: Posted by UnderratedSquare — Wed Jul 17, 2024 7:19 pm — Replies 1 — Views 183