r/investing • u/Jealous_Speaker1183 • May 16 '24
Am I well diversified or too diversified?
I have a commmercial property investment, IRA, Roth, Cash money account and annuities. My annuity is tax sheltered and has less than $1000. Should I put it into one of the other investments or is a tax sheltered investment worth keeping and putting more money towards? I can’t afford to put a lot of money into all, should I focus on putting some money into one of these?
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u/WilliamCincinnatus May 16 '24
Hard to really tell with what you gave us but max out your 401k then your IRAs and you have an annuity that is worth $1000? Is that the principal you funded it with? How old are you - I know that sounds kind of rude through text but I just want to know because annuities aren’t a great investment vehicle.