FDMO

SerMumble

Your portfolio is basically: 50% NVDA 75% concentrated in 5 stocks 85% concentrated in top 10 S&P500 or nasdaq 100 stocks 90% tech stocks Very volatile and vulnerable to market rotations. I'm not seeing how SPMO, FDMO, and FBCG work together. You're likely better simplifying to just SPMO or look for other etfs to compliment your strategy. Ideally a well diversified portfolio won't let any individual stock positions exceed 10% without serious consideration to trim and rebalance.

Sea_Pomegranate_4499

Ok, to get to $1.2 million in 4 years contributing $3,000/month would require average 20% growth per annum over that period. It is a very low likelihood that those 5 well-known large cap stocks are going to do that for you. I hate to even mention this to you, but to get those kinds of returns you probably want to be looking at leveraged ETFs. Much riskier and a good chance of losing serious money, but if you're that optimistic about tech... Most of your ETFs (SPMO, FDMO, FBCG) are redundant. If you haven't already, go look at each of their holdings and marvel at how almost identical they are. I'd say just pick the one with the lowest fees and consolidate, except that they are such a small part of your portfolio anyway it doesn't really matter.

sexyshadyshadowbeard

Just drop it in FDMO.

Funny-Smoke-6422

I am in similar boat and Fidelity advisors are chasing me. I decided not to go with them because they only understand one asset class: equities. And they are following the boiler plate recommendations. I end up managing on my own and select ETFs from Fidelity, Vanguard and Amplify. I split my funds between Vangaurd and Fidelity. I personally like Vanguard better. But didn’t want to put all the eggs with one basket even with SPIC insurance. My ETFS: FDMO, VOOG, VFMO, IBIT, QDVO, SHLD. about 15% allocation to each. You will never need a financial advisor or need to rebalance.

deyemeracing

If you're wanting personal income, you'll want to balance something focused more on capital gain growth like VOO or FDMO with products that focus less on capital gain and more on income like FCO (global bonds,14% div), SRV (energy infrastructure, 12.6% div) BGT (bank loans, 11.5% div), or VYMI (international exposure, 4.5% div). VOO is great. 500 holdings for broad diversification, and follows an index that is a pretty reliable market indicator. But in a recession, or even a brief correction, it can be discouraging watching the market averages sink, and your entire portfolio right along with them. That discouragement can lead to pausing investing, or even selling at a loss. With some dividend income, you can disburse that into whatever products are doing the best at the time, so you can at least feel like you're "winning back" a little during temporary losing streaks, which are a normal part of being in the market a long time.

deyemeracing

Trying to tell him to save money for when he's 70 is just silly. At 16, 54 years away may as well be 540 years away. Instead, make him do the right thing with at least half of his money. Open a custodial eTrade account, and put half his money in it. The other half goes in his piggy bank, custodial savings and checking, or whatever he wants. And keep a very simple spreadsheet of his "today Son" money and "tomorrow Son" money. Today money is money he keeps handy, and Tomorrow money is what's in the eTrade acct. that is a one-way trip for now, and not to be withdrawn from under ANY circumstances for at least 10 years (26 isn't as far away as 70, lol). Let him choose, within reason, how to invest some of his custodial account - FDMO & FDVV, VOO, SCHD, TBLL, VCIT, whatever, but make sure they're good, stable, mix some dividends with some growth, and maybe let him pick stocks of products he is familiar with, like Pepsi / Coke, or Colgate / P&G. Giving him some choice will give him a sense of ownership, rather than just something you're twisting his arm and making him do. Tell him something VERY VERY VERY important. This isn't the Star Trek universe, where stuff comes out of a replicator for free. You're going to start adult life working for money. That means YOU are a servant, and MONEY is your master. That's not good, but it's necessary to function in polite society. Your goal should be to turn the tables, where YOU are the master and MONEY is your servant - or, in other words, instead of working for money, your money is working for you! You can only get across that threshold by investing, and having assets that do that work of making your money make more money. And since you're not a billionaire, stacks of gold or acres of real estate isn't practical, but stocks and ETFs are. You can have him set goals, like, "my money makes so much money, it buys a meal out to eat once per month." The next goal might be "my money makes so much money, it's a car payment every month." But you keep adding to it, not taking away. By the time he's 30, he may actually be able to skim off the top for a meal out to eat every month, and the rest can continue to the grow the portfolio. Maybe by 35, it will be his car payment - again, leaving some of the D&I in to continue growing. And by then, he should be married, engaged with a career level job, and probably also have a 457 and/or 401k. And his regular portfolio is just another income source - a second job, but without having to work another 40 hours per week.

Pro-Rider

You lucked out only loosing less than $500 on EV plays. I lost almost 60K on PSNY and LCID. My strong hands held on to those looser stocks too long. I honestly would trim it down to 15 or less. If you want to look into do an ETF to cover more stocks check out FTEC or the cheeper FDMO both have done really well last 5 years.