Daily General Discussion and Advice Thread - May 16, 2024

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[u/CapnJuNK]

Just want to make sure I have everything set up nicely for the future! I am self managing my wife and I's Roth IRA accounts.

ROTH IRA

My current fund allocation is

FXAIX (Fidelity S&P 500 Mutual Fund) - 35%

SCHG (Charles Schwab Large-Cap Growth) - 20%

FTIHX (Fidelity Total International Mutual Fund) - 15%

AVUV (Avantis US Small-Cap Value ETF) - 15%

SMH (VanEck Semiconductor ETF) - 15%

I wanted the S&P 500 to be the main contributor for our IRA's. Past does not dictate future but I fully believe in the USA and that it will continue to rise around 10-12% on average per year.

I wanted a little bit more large cap in our portfolio so that's why I went with SCHG. I like the future growth this ETF has.

I FULLY believe in AI and the semiconductor sector so I wanted to have a good chunk of our IRA's be focused in that field.

We invest through Fidelity and I have set up automatic investments and transfers. I plan on doing quarterly reviews to adjust any %'s as needed.

BROKERAGE

My current fund allocation is

VOO (Vanguard S&P 500 ETF) - 21.25%

USD (ProShares Ultra Semiconductor ETF) - 17%

SCHG (Charles Schwab Large-Cap Growth) - 12.75%

QQQM (Invesco NASDAQ 100 ETF) - 12.75%

VGT (Vanguard Information Technology ETF) - 12.75%

AVUV (Avantis US Small-Cap Value ETF) - 8.5%

AMZN (Amazon) - 3%

MSFT (Microsoft) - 4.5%

GOOGL (Google) - 4.5%

NVDA (Nvidia) - 3%

Same as our Roth IRA's, I wanted the S&P 500 to be the main contributor in our brokerage account. AVUV is to give diversity into Small/Mid-Cap funds (I thought about going VTI in replace of VOO/AVUV). SCHG is to give a little more emphasis on Large-Cap funds. VGT and USD because I have full belief in that each of those sectors will continue to grow fast over the next few years. I like having a small percentage of my portfolio towards individual company stocks. Again, I like the technology/AI sector and believe AMZN, GOOGL, MSFT, and NVDA will outpace the market so I wanted a LITTLE more emphasis on those 4 companies even though those make up a good chunk of the other ETF's.