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I’m looking to add another stock or two to my portfolio, any recommendations?
[Discussion] How will AI and Large Language Models affect retail trading and investing?
[Discussion] How will AI and Large Language Models Impact Trading and Investing?
Would it be a bad idea investing in the same investments in a Roth IRA and a regular brokerage account?
Is it ok to never have bonds if you start investing early?
Anything I should know about investing in Vanguard ETFs on Fidelity?
What would you all recommend for second year of IRA?
Let's go! For most, the best investment route is to just purchase a S&P500 index fund/ETF and hold on (*while adding to it often and extra when markets are in a down-cycle). Vanguard's VOO and VFINX have low expense ratios % and are great choices! VTI / VTSMX are also good (total market) options.
Let's go! For most, the best investment route is to just purchase a S&P500 index fund/ETF and hold on (*while adding to it often and extra when markets are in a down-cycle). Vanguard's VOO and VFINX have low expense ratios % and are great choices! VTI / VTSMX are also good (total market) options.
Let's go! For most, the best investment route is to just purchase a S&P500 index fund/ETF and hold on (*while adding to it often and extra when markets are in a down-cycle). Vanguard's VOO and VFINX have low expense ratios % and are great choices! VTI / VTSMX are also good (total market) options.
I hit $100,000 in Broad Market Index Funds (mostly VOO and VTI) this Jan
QQQ or VOO which one will you choose ?
Question about ETFs: What happens if the provider goes under as a business?
Wife's IRA has positions in high-expense ratio funds. Sell and buy VOO?
i want to start investing and i don't know where to begin
Looking to invest savings in VTX and VOO. What should I invest more in.
After watching Nvda go up up and up some more, i dove in at 600 a share. 🤔😳
What stock/suggestion have you gotten from this sub that actually WORKED?
As a whole this sub is overly negative on taking profits and building a cash position
What to do with $300,000 just sitting in my checking account?
What stocks(s) did y’all buy recently and when was it?
100% stocks is not universally good advice. Stock market indexes are not always the right benchmark for your performance.
Is FZIPX same as AVUV? Looking for Low ER small cap ETF
Is putting $50 into VOO every 2 weeks (for the next 20 years) a good or bad idea?
What index fund do I pick for my Roth IRA?
12m Emergency : 100% CD/Tbills vs ~25-75% VOO & rest in CD/Tbills?
Is it normal for the index funds to be weighted this heavily by mega caps?
Where to invest 10k leveraged from CC cash advance (5% fee)?
As a non-US resident is it worth getting Ireland-domiciled ETFs?
Advice for a 27 year old trying to leave the nest?????
Any advantage to buying VOO through Vanguard rather than Schwab?
What are y'all's plays on tomorrow's CPI news? Any calls being made?
Looking for long-term investment suggestions, 30yo • $1-2k / mo.
What is the difference between some EFTs like Vanguard S&P 500?
Mentions
You should only have about 6 months of gash on hand. Anything beyond that should be invested. Cats holding never keep up with inflation so you are loosing money For investing you have 2 options: * Invest in growth index funds like VOO T\_\_VTI, or VO. simple and reliable but in a badd market you can loose. money * Invest for dividend income fund like CLOZ generate 8% per year cash yield and are reasonably safe with a yield double that of inflation. You do hav not pay taxes on the income. But you can use the income to pay bills or simply reinvest the money.
All you need is VOO and an internal index… stop fucking around sell all that garbage
You ever wonder why billionaire investors go on TV and give pretty bad financial advice for the masses? It’s because they’re already rich. Growth is no longer a priority. $300M in RKLB, $100M in GOOG, and even the $100M in VOO is just not necessary.
VOO already has quarterly dividends, no need to try to maximize - just play safe. 1.5% dividends from 300M is 4.5M a year.
The lump sum payout was $492M and then you still have to pay federal and state taxes (if applicable). With respect, given how you didn’t realize this, your first move should be to hire a lawyer, a well credentialed financial advisor / financial planner, and a very good accountant. The same goes for anyone winning that sum of money, not just you OP. Redditors thinking “VOO and chill” on millions of dollars (if not hundreds of millions) will always be funny to me.
>$300M into dividend stocks, let’s aim for 5% yield ($15M/year) Remember now, dividends are irrelevant. You might as well lump that into VOO for what will be most likely higher total returns.
Please take a look into a good S&P500 fund… keep adding to it in a Roth IRA until the needle is moving every day. VOO from Vanguard is approaching 1 trillion in assets under management
Increase 401k. Set to lowest cost sp500 fund. And work to get as much in there ASAP. VOO or QQQM on auto weekly basis in a Fidelity account after that. Spend less, invest more. Sell only when there is an urgent expense. That’s how personal finance works. Sounds like you will do great!!
https://preview.redd.it/6s1v8ut0uz9g1.jpeg?width=1170&format=pjpg&auto=webp&s=968d183a336b7554cac8c45e8b2b09a7f6835775 Using decent etfs. VIG, SCHD, VYM, VOO, and BRK.B. Just been popping in some to each find every week and reinvesting dividends. Got tired of getting burned when I couldn’t be watching my portfolio at work or other stuff, so changed my strategy for a long term set it and forget it. To the left is when I was trying to be cool and catch trades and play cheap options, to the right is when I quit messing around and just forgot about it.
Many redditors give bad advice based on limited information. Most of the time, redditors have two data points then scream VOO and chill. This works for most people under 50, but financial planning is far more complex than VOO & chill.
Yes, I'm an advisor and use direct indexing regularly if it's a taxable account you plan on using later, especially if you have a concentrated position. Think about just throwing it in VOO, when you plan to pull it out you will pay capital gains tax on all your earnings. Tax loss harvesting minimizes that as much as possible. Of course, you can do this yourself if you have the time, temperament, and talent. IMO it's worth paying an advisor for the tax, retirement, estate planning, etc. You can get investments cheaper anywhere, but everything falls on your shoulders. There's good and bad advisors everywhere. Fidelity advisors are fine from an investment standpoint, but you won't get much from the planning standpoint that you couldn't just do yourself.
Solid setup overall, but it’s more aggressive than it looks. VOO at 30% gives some stability, but 50%+ of the portfolio is still tied to AI / semis sentiment (NVDA, ORCL, MU). MU and options materially raises risk. Even at 5%, options can dominate outcomes if timing goes wrong. ZEPP is fine as a moonshot, but at 10% it’s already a meaningful bet, not just a flyer. This can work if you’re comfortable with big drawdowns and can stay disciplined when AI cools off. If not, I’d either reduce options exposure or increase the core ETF weight. Good upside potential, just don’t underestimate correlation and volatility here. My 2 cents
If you are comfortable with a 5k emergency fund its fine I wouldn't count the VOO as part of your emergency fund
What am I missing here? Mega backdoor 401k ~70k/year into VOO alone accounts for the near 400k (albeit with accurate growth I think it’d be closer to 350k). Google stock is quite easily just from vesting his shares as a SWE, there’s basically nothing implausible here if you assume he started as a SWE at Google out of college, something probably 2-3k people a year do.
You shouldn't hire an advisor to outperform VOO. This is a common misconception I see on reddit. You should hire an advisor for complex financial planning.
It’s 20,000£ my dude. Context matters. He put a fraction of his yearly salary into an asset that paid off. Just because you’re scared to do anything but DCA into VOO doesn’t mean other people are stupid for making money
Yo man, check out my 2025 setup. I’m 30% in VOO to anchor the portfolio, with 15% NVDA and 10% ORCL for that AI exposure. I’ve also got 15% in MU—mostly shares, but I’m keeping 5% in options for some extra delta. Then the last 10% is in ZEPP as a small-cap moonshot. What do you think?
You’re thinking about the right trade-offs already. In general: Custodial (UTMA/UGMA): simple, but it does count as the child’s asset for financial aid and they gain full control at majority age — which can be risky depending on maturity. Trust: most control and protection, but more cost, admin, and tax complexity. Usually makes sense only for larger estates or special situations. Parent-owned taxable account (with child as beneficiary): often the cleanest middle ground. You keep control, it doesn’t hurt FAFSA as much, and you can decide when/how to gift later. Downsides are capital gains taxes, but long-term buy-and-hold (like VOO/VTI) keeps that pretty tax-efficient. For a 18–25 year horizon, many people just keep it simple with broad index funds and avoid over-structuring early. You can always move into a trust later if needed. Sounds like you’re already doing a great job thinking long-term for your kid — that mindset alone puts them way ahead. If you want, I’m happy to talk through pros/cons of each setup 1-on-1 (purely educational, not advice).
Exited few tanking stocks. Became little careful at weekly calls and puts. Started recurring SPY, VOO, GLD and Google purchases.
Hitting that level at 24 is already an incredible position to be in — congrats. The bigger question now isn’t can you take more risk, but whether taking more risk actually improves your long-term outcome or just adds volatility. One thing to keep in mind is that you’re already taking meaningful risk through concentration — VOO + big tech already leans heavily toward growth. Shifting even more into QQQM or individual names can increase upside, but it also increases the chance of large drawdowns that are psychologically harder to sit through than people expect. A framework that helps some people is separating core vs satellite: Core = boring, diversified, long-term compounding Satellite = smaller portion where you express higher conviction ideas That way you can explore upside without jeopardizing the base that got you here. As for account placement, many people prefer keeping higher-volatility or higher-upside assets in tax-advantaged accounts so rebalancing doesn’t create friction — but that’s more about flexibility than chasing returns. You’re clearly thinking about this at the right level. If you ever want to talk through risk tolerance or portfolio structure from a purely educational angle, I’m happy to chat 1-on-1.
Here’s how I’m laid out: I’ve got 30% in VOO so I can actually sleep at night. Then 15% in NVDA 10% in ORCL and 15% in MU. For the MU play I’m keeping 5% in options just to stay in the game. The final 10% is in ZEPP that’s my speculative moonshot.
VOO is just the US S&P 500. VT is the total US stock market AND international exposure. Downside of VOO is lack of diversification.
VOO is for buying and accumulating. SPY is for trading.
Yeah that’s why im asking for help while ur being an asshole on this thread, I just know about VOO and chill and mag 7 which is mostly what I’ve touched
You're welcome My advice would be to maintain your VOO holding as the majority in your portfolio, or maybe even increase its proportion in your portfolio before adding to the other stocks, so that at least your portfolio won't be as volatile and risky should you reallocate more into growth stocks Also might wanna consider increasing your cash holding to around 3 to 6 months salary if it is reasonable to do so as emergency or big ticket spending may be unexpected too
He’s 100% equity. Which is aggressive. VOO and VFFSX are a giant double dip so he’s also not spread out in his choices.
I combined all the retirement accounts if you want a better breakdown I have 17k in my HSA in VIGIX, 238k in my 401k all in VFFSX, 106k in my Robinhood mostly VOO, 47k in my Roth IRA mostly VOO. I just simplified it for the post and combined it all into one bucket of approx 400k as VOO. Also my company allows mega backdoor for 401k and has 50% company match so am able to put in around 70k a year into 401k
First off congratulations, that’s a GREAT start! Usually at your age I’d say go for more risk, but you’ve got more than enough there to just let compounding work it’s magic now. Keep saving and investing in VOO or hold it as cash for the next downturn to put in tech 👍
I’d add structure, not more stocks. 60–70% core ETF (VOO / VT / XEQT) for broad market exposure. 20–30% in your highest-conviction names (ex: NVDA, GOOGL, MSFT, AMZN). Max max 10% speculative plays (ASTS, RKLB, RDDT, etc.). Same upside drivers, but less single-theme risk and far better survivability in a drawdown. Diversification isn’t about owning more tickers, it’s about not betting everything on one narrative.
VOO. I’d do 90% VOO and maybe 10% SMH (Van ecks semi conductor index fund).
How is this "voo and chill" advise? Is there a downside to 100 VOO or 90/10 VOO/BND?
VOO tracks the S&P500, which itself is driven mostly by the handful of mega cap tech stocks at the top such as NVDA, AMZN, AAPL, ect. VT is a bit of a safer investment since it includes over 10k companies with a significant portion of them being international holdings. It will still be driven in large by those same companies because well, those companies are a significant percentage of the world's equity markets, however its still an overall better diversified fund with a good amount of international exposure.
Get out while you can still save some capital. That chart looks awful. Hopefully you didn’t buy at the top. Not sure how much you have into this one, but there’s way better options for long term growth. Throw it all into VOO, and let it ride for years. If you want to invest in stocks however, research and get informed. It takes study, not just throwing a dart at the wall.
I'm regarded but I'd be a pussy and cash out half and put it into boring old VOO and let the other half ride.
Nobody is outperforming VOO by 2.5% over 30 years.
Still prefer VTI, VOO, and QQQM with respective expense ratios of .03%, .03%, and .15%. Especially paying a financial advisor 1% on top of the .35%. I’m young but just don’t see the advantage of financial advisors unless if you have a super complicated tax thing going on. But I’ll probably be equities until I die 😂
I would still own the amount of VOO shares.
Ugh, have $500k I need to put somewhere. Feeling VOO//VTI and rolling the dice
Again, ZERO interest. If the market crashes, I would still own the VOO shares. No loss.
Dude, it's gambling pure and simple! You have to set low limits, and make that fun, as opposed to swinging for the fence every time. Don't beat yourself up, it's only money you'll get more. I'm very confident your mom is looking down and she's very proud of you for the man you are. Next time put all your money in VOO and just leave it there.
Nothing happens. I don't have to sell VOO to pay the balance at the end of the 12th month. If S&P500 gain 0% by end of 2026. I would pay off the credit card balance from money that I save up in 12 months and still own VOO shares.
I sold all the space stonks at the peak. I’m all liquid now, but I don’t think now is a good entry point into like VOO. What are the odds we get a good dip soon?
I mean, maybe, but I didn't even do THAT much research. I feel like I learned everything I needed to get started after a 20 or 30 minute Warren Buffet video. The basics just being to stay in the market, invest broadly, not take dumb risks, not put a lot of money into picking individual stocks and don't get obsessed with the day-to-day returns because it's about a year-to-year timeline. With the car comparison, I have zero mechanical aptitude so even if fixing brakes were the easiest thing in the world, I'd still fuck it up somehow. But with VOO and chill, there's nothing to fuck up.
Well, first off I think JGASX is a mutual fund and not an SMA. My understanding of an SMA is it is a portfolio of individual stocks owned in your name managed by a "manager". That said, I would probably put 1/2 in QQQ, 1/4 in VOO and the remainder in MAGS. For me, simple is always easier plus you avoid a percent or two in fees.
You should fire the Financial Advisor. You didn’t state your age or when you want to start drawing down the money. If you have 10 years or more: 50% in FXAIX or VOO, 30% in FCNTX and 20% in QQQ. Be prepared when the market goes down the value will go down - DON’T TOUCH IT - the economy will recover. Start moving some money out when the market is up within 3 to 5 years prior to needing the money.
JGASX is an expensive actively managed fund. ER of like 0.86%. You'll be better off just buying VTI or VOO if you want a US stock fund. JGAAX just hyper concentrated in Mag 7 and tech. The top 10 holdings are like 54% of the portfolio.
Better off buying VOO or QQQ and let it sit in those. Proven and safe
VOO and stop thinking about it while putting 10% of every dollar you touch there. Retire happy
VOO etf has all these and more diversified and watch it steadily go up
If this is buy and hold, scale out of TSLA and build up a large backbone of VOO/VTI. Tsla is currently trading at 317.5 PPE such that when it inevitably corrects to its actual fair value, your port is gonna get nuked if it's a significant portion of it. In fact, individual stocks picks are not great for long term holds as they are an uncompensated risk. In the future, if you plan on doing more market research, active trading, and account rebalancing, then individual stocks are good for capturing large sector moves/rotations and maximizing returns, but for a set and forget, VOO/VTI are the play.
Honest question, why try to time the market? If you're confident in continual gains, why not just some calls a few months out? Or, better yet, why not just buy and hold VOO? I know the thrill of the gamble, but even I woke up after a while, and certainly before -95%.
VOO is an ETF (Exchange Traded Fund) which follows the S&P 500, it has a expense ratio of 0.03%. Just an "easy" way to invest "safely" into the top 500ish companies.
Pretty easy to look ar performance of VT vs SPY/VOO/SPX. Do not listen to the person above about VT 100%, they’re clueless.
Where are you getting .35%? The page you posted says .75% fee. I’d just buy VOO and QQQM personally
I rebalanced my 401k to small cap value and emerging markets about a month ago. Seems like it is performing better than FXAIX (VOO equivalent).
Putting aside all the advices here asking me why I'm asking question here when I've a FA (not going to waste my time answering those)... Sounds like majority here is saying, fire the FA and build that portfolio using low cost ETFs, mix of VTI VXUS QQQ VOO IWV. For those that think I should keep my FA, what do you think are the advantages of the SMA over these low cost ETFs? Appreciate your insight.
Such a reddit response. You folks truly believe that 100% VT was the right move when VOO earned almost 100% more… truly sad what this subreddit is peddling. Downvote away sheep
Hiring an advisor is a waste. I took $100K and put it into VOO at $383 a share 2 years ago. It’s over $600 a share now
VOO and chill. Get rid of the advisor.
Just get IWV if you want the Russell 3000. Any advisor that recommends a mutual fund over a better performing parallel ETF is a bad advisor. Test the advisor out. Ask them to explain why they suggested JGASX rather than IWV or VOO.
SMA is an insurance product sold as an investment. He/she probably sells life insurance too… Get a real financial advisor. Maybe go to a local Fidelity or Morgan Stanley office and talk to FAs there. Or just open an account at fidelity and buy one of the good ETFs like VOO VT VTI
I don’t know about that index so I wouldn’t know. I would put it into the S&P 500, a few growth ETFs, and an international fund. Something like 40% VOO 20% SCHG 20% SPMO 20% SCHF. It doesn’t have to be exactly that but just as a general blueprint.
FNILX is a good fund (not that you'll really notice the difference with VOO lol)
Yea. Your view of money and risk is wrong. You don’t realize this, but you view investments as magic: if you only knew the magic recipe your problems would be solved. That’s not how money works. Just build it up the right way. Or at least build most of it up the right way and play around with a small portion of the funds. You can do both. I bet the boring VOO and chill set to automatic ends up being the real MVP though. At least that is what the data indicates (most pro money managers don’t beat sp500, and that is their full time job). None of this is insult. I say to try to help. Best of luck.
No, you don't. You want to get rich. Otherwise you'd just VOO and chill. Stop pretending you want consistent, meager gains and you'll at least be being honest with yourself at that point.
Why do you have a short time horizon? Your view of money is wrong. If you truly knew the money was less than 5 years you would use SGOV. If you automate your income and DCA on auto weekly basis in VOO and liquidate only for large expenses, that would be fine. If you stacked 30k, it is because you weren’t automated.
Ah thank you for the insight. I don’t usually keep any cash in robinhood, that’s more of my passive, monthly auto buy VOO account. I usually keep money in fidelity instead. So, based on that, I probably wouldn’t benefit from gold really
I do SGOV in my tIRA and VOO for rIRA. The logic is I'm trying to preserve wealth in my tIRA while matching or beating inflation. The rIRA is VOO because I'm good with the risk and want the most growth in a tax free account. Also have the 24k a year in the 401k, so that can do whatever in the retirement dated mutual fund. I'll move tIRA into SCHD when SGOV yields drop. I'm sure I could get a better risk adjusted return in my tIRA, but I sleep better with this diversification across my 3 accounts. P.s. I'm stealing your abbreviations and using them going forward / doing it for Roth too.
XTB at least offers the “VOO.US – ETF.” At the beginning, you are limited to the stock market that is regularly offered in your country. When I wanted to buy shares of CD Projekt Red, I had to request a form to gain access to the Polish market. For this, you have to contact support (top left via the profile menu, then “Help Center”). Simply sign the form and send it back to support. In my case, the processing time was exactly one week.
Hey man. I’m in the same boat as a 25 year old investor. Right now in my Roth I have about 70% VOO, and 30% NVDA. Planning on getting it to where it’s about 60% growth fund (QQQ/VUG/VOOG, etc), 30% VOO, 10% NVDA. Will lean more into VOO as I get older though
VOO is dividend I believe so that’s a major value proposition
I'm not sure what you're asking. Maybe you're asking what to invest in for the long haul. That's easy: broad US market ETFs like ITOT, VOO, or VTI (you really only need 1 of these). Some international is probably good so sprinkle in some VT.
I started trading start of this year if, I left my funds in VOO instead I’d be 44k richer (😭😭)
Your own account with the child as beneficiary makes the most sense to me. That way you can decide when to give the money. Another additional way to help your child is to set them up with a custodial Roth IRA when they start earning money. You can be the one to fund it as long as the child made equivalent earned income. Retirement accounts are not reported for FAFSA, at least under the current regime. Parking a bunch of money in VOO, VTI, or VT is a simple and historically effective way to generate wealth.
Im new to XTB. From what i have seen EU citizens didnt have direct access to etfs like VOO or VTI(which i want to invest in). What are the alternatives for these 2 in XTB? Im new to investing, so if i said something dumb sorry
Emergency fund goes into a high yield savings account for easy access. Don’t know what you do for work but 3-6 month fund is the least recommended. In your case, of the $4,600, i would put $3,000 into a high yield savings account first. ETF wise, you still have about 20 years to work, so $288,000 total to earn assuming nothing changes (OT/raises/promotions). You need that $288,000 to do some serious work for you. You can’t afford to pay to much in taxes… so you open a Roth IRA and put $7,000/yr into it, so $583/month. You put that $7,000 Roth IRA into VOO or VTI. The other $617/month you open your own brokerage account. You out $300/month into your emergency fund (for 1.5 year). and $317/month into a low cost index fund/ETF - VOO/VTI/large caps/dividend, something and let that grow. This should get you close to $700,000-$900,000 over 20 years. This will give you an ok nest egg that will pay you $2333-3000/month @ 4% rule withdrawal. Note - once emergency fund gets to $8000-$10000, you divert the rest of the monthly excess into investing. You now have 15 years to figure out and teach yourself or get help on how go to structure your Roth and brokerage as you get closer and closer to retirement.
I would build up a year emergency fund in a HYSA account to protect what I've built. Once the emergency fund is good, then I'd modify my 401k contribution to add an extra $1000/mo to be added to a retirement date mutual fund. I'd take another $400/mo and put it into a 529 plan and invest it into VOO for my son. And anything left I would use to make sure myself and my son had the best time together.
Keep an emergency fund of about 6mo avg expenses and put every penny beyond that into VOO
Get a Time Machine and get a better job, lose the kid, and start investing in VOO when you’re 15.
Make sure all debts are taken care of Make sure emergency fund is in order Max out investment contributions to VOO and set brokerage to auto contribute Check up on it only 10 years later
It does not matter how much you "love" or "trust" your adviser. The relevant question is, how much value do they add? How does the performance and risk profile of your adviser-managed portfolio compare to something simple like: 60% broad stock ETF (VOO, VTI etc) 40% t-bill ETF (SGOV, VBIL etc) --- OR --- 60% broad stock ETF 20% t-bill ETF 20% gold ETF (SGOL, IAU, IAUM etc) PS: I outgrew my adviser five minutes after I read one thin little book twenty years ago: "Fail Safe Investing" by Harry Browne.
I started off the year by getting relatively large returns by investing in Reddit and Robinhood because those just seemed pretty logical. Meta is incredibly valuable so why wouldn’t Reddit and I invested in Robinhood when the market dipped after Trump took office. I also made a like $2000 dollars the day $OPEN blew up so I took that out and immediately put it in $VOO. The rest was just relatively safe investments.
Why not VOO or VOOG?
Lump Sum vs. DCA: Historically, investing a lump sum usually beats dollar-cost averaging (DCA) over the long term since markets tend to rise. DCA can help reduce short-term volatility and ease nerves. For HSAs, which are long-term vehicles, lump-sum investing is often more efficient—but DCA is fine if it helps you sleep better. Allocation: Keeping ~10% in a money market fund like SPAXX for liquidity and the rest in a broad index fund like VOO is a solid mix of growth + accessibility. Adjust based on your risk tolerance and timeline. Using HSA Funds: You don’t have to sell SPAXX to pay for expenses most HSAs let you spend directly from cash. If all your money is invested, you’d need to sell a bit to cover costs. Having a small cash buffer keeps things smooth without touching your equity positions.
You can just slap that 1,000,000 into VOO and you'll still be good to go ngl
Regarding your wealth accumulation, that's great to hear, but imho, you don't need a financial advisor at all. See r/Bogleheads or just put it into a couple well known, low cost index funds like Vanguard VOO, VTI and/or BND.
Take out more or invest it in VOO. Do not give back the gains
VOO +18% YTD How do you compare?
It depends on the fees your dad was being charged. FAs should also be advising on taxable vs tax advantaged accounts, RMD strategies, tax, insurance, and inheritance strategies. VOO + CDs/Bonds... I've seen much worse - like high fee funds, complicated products you can't easily ACATS away, etc. Depends on the fees your dad was getting charged but it sounds like he did it right... especially if your dad has no clue and doesn't want to DIY his own finances.