Personal Finance on Yik Yak | Moms is finally going to open a Roth IRA, better late then never right. Anyways, she’s probably going to use Fidelity, same as her 401K. What should she be investing in, what funds look good for long term holding?

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Personal Finance 7w

Moms is finally going to open a Roth IRA, better late then never right. Anyways, she’s probably going to use Fidelity, same as her 401K. What should she be investing in, what funds look good for long term holding?

Anonymous 7w

I’m Trying to have enough money to open up a Credit Union bank 🏦 i’ll use my local one but holy shit is saving after blowing through your savings and opening up credit cards is so hard.

Anonymous 7w

just VOO! It contains 80% of US public companies

Anonymous 7w

How old is your mom and when does she want to retire?

Anonymous 7w

VOO, VOOG, AAPL, MSFT, NVDA, META, ORCL

Anonymous 6w

Given your mom’s late start, it may be different for her, but Cramer’s upcoming book suggests, putting half of your money into an index (e.g., VOO) and half of your money into five more aggressive stocks

Anonymous 7w

AI stocks. They’ll be taking almost everybody’s jobs in the next 5 years so you may as well profit off of it

Anonymous

#1 7w

Anonymous

OP 7w

nothing I just thought we were over sharing

Anonymous

#2 7w

I would be weary about some of the tech stocks you mentioned. Best to go with etf’s for somebody starting to invest late

Anonymous

#3 7w

I think all of those are reasonably safe for the foreseeable future. Your point is why I started with the ETFs.

Anonymous

#2 7w

Buying individual stocks is more than just picking good companies it’s about picking good valuations to buy in at as well

Anonymous

#4 7w

Mid forties, and 65-67

Anonymous

OP 7w

Ok one more follow up how is your mom with risk/market down turns? Is she someone that is always worried about the market or a bit more relaxed?

Anonymous

#4 7w

Not if your time horizon is long enough.

Anonymous

#2 7w

I’m aware but even with a long time horizon picking individual stocks means you can still end up unprofitable for years if the timing or company performance is off. You’re also concentrating your risk and have to stay more actively involved, versus the set it and forget it nature of ETFs. Plus being more hands on opens the door for emotion driven decisions which can hurt your long term returns.

Anonymous

#4 7w

Set it an forget it, honestly I’ve been managing her 401k investments since I was like 14. I’ll change funds every once in a while based on trends I’m seeing but I’m busier now

Anonymous

#5 7w

This is the safe choice and what I’m leaning towards

Anonymous

#4 7w

I’m all for making riskier investments in your 20’s and 30’s but a late retirement investor is probably more risk adverse.

Anonymous

#3 7w

She literally has 20 years to retirement and none of those investments are risky.

Anonymous

#2 7w

The risk in this case comes from the emotion that can come from owning individual stocks

Anonymous

#4 7w

Some of the most popular individual stocks on earth 🙃

Anonymous

#2 7w

Again I’m aware brother…

Anonymous

OP 6w

She needs to DCA an ETF and military stocks.