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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
I am happy for you starting so early - but in my opinion you did it backwards. I think its better that in the taxable account you go 65% VOO 35% QQQM and just buy and hold forever so you don't pay taxes until you sell for gains. In the Roth is where you can have 8-10 ETF/funds and a few individual stocks and do some (rebalancing / trading) without having to pay capital gains.
>There is no alpha anymore, not in the US market anyway. I don't think that's true. If you put in even a little bit of work you can absolutely beat just a pure VT or pure VOO dca buy and hold forever strategy, (in a tax advantaged account where there's no penalty for frequent trades) In a taxable account it's very hard because on top of having to win trades you also have to pay taxes on gains, so in my taxable brokerage I basically bogle head it.
I'm not talking about hindsight though... I'm talking about a few years ago it was noon that i'm sorry that I didn't explain it well in my first comment... I didn't mean using hindsight. If I were using hindsight, it would be over twenty percent on average of the past few years. I was saying that over the past decades VOO has performed over 14 percent on average, which is something that I would I have known in 2019 if I were knowledgeable
But if he invest in VOO until $238, he’ll owe long term capital gains. Pay it off
Put it into VOO. Use that to open a securty backed line of credit for 200k invest 50k of your SBLOC back into VOO and refinance every year and do the same thing over and over. You will never run out of money.
How are people saying that 6.8% is high when VOO returned almost 15% over the last 10 years. How is this not basic math?!?!?
Exactly! I respect all the J.C. aligned philosophies, but the whole echo chamber portrays the discussion about alpha generation or trends or anything else in that regard hopeless. It’s like a cult copy pasting the same old lines again and again, I mean, sure, but can we for once try to foster the creative discussions leaving the “buy and hold VOO” aside?
I’m 58. If you believe VOO’s high concentration in information technology and communication services, capturing the MAG 7, adding some of these stocks always you to diversify and still own great companies. Read about these companies on Yahoo Finance or other sites and start slow. You can also join the American Association of Individual Investors for excellent investor education and model portfolios.
As a bear, I deserve to lose money 😭. How can I buy puts while my 401k is 100% VOO. I’m rooting for myself to lose money 😭😭😭
It’s always a gamble. If VOO is not a gamble why don’t you take out personal loans now and full port? Because we all know there is risk of downturn, and in that event you are more liable for financial ruin if something else (medical emergency, car accident, etc) happens while the markets are down. A paid off home is not only peace of mind but also a fall back in those scenarios. Your house might lose value but you can still live in it, not the same as VOO.
VOO is King, but yeah, some international exposure would be smart.
Two different companies won't ever trigger a wash sale since they cannot be identical. Two different ETFs also will not unless the index being followed are exactly the same. (SPY/VOO = wash MSOS/MJ =no wash)
Sell everything and buy VOO lol
I'm saying that VOO is not really a gamble. If I were going to use hindsight I would have said nvidia. Jfc the amount to pay off my mortgage in nvidia would make me a millionaire! I'm saying that voo has averaged over fourteen percent in the past few decades, and it was a similar number in 2019 when I did this. So if I had just been aware, hindsight would not be needed. However in 2019 I was coming off of literal poverty. Paying my mortgage every month gave me very little left. I was not savvy about investments at all. Which is too bad, because even ten dollars a month would have added up with gains plus the knowledge and experience would have helped me.
It's different psychologically though. I would go back in time if I could and not pay off my home because the numbers are clearly in favor of having that money in VOO instead, but I will say that having it paid off is psychologically huge.
Also if that did happen, you would more than likely not be in a position where you would need to withdraw, particularly if you increase your emergency savings as a hedge, so over the long term, it would be irrelevant. VOO would come roaring back.
30% VOO 10% AVLV 10% AVUV 10% VXUS 10% AVDV EM portion stays the same It ain't that easy to stay the course with a completely factor tilted portfolio. Back it off a little, hold some of the market.
I do! I didn't yet know how to invest. If I went back in time i would take VOO all day over paying off a six percent mortgage. I would be richer by over 8 percent just parking in VOO. Maybe more actually, because we're talking about the past few years, but i'm taking the average over the past few decades in VOO, over fourteen percent
This. Plan and prepare for the future. Most folks plan based on how everything is going right now, but fail to prepare if anythinf alters the course. A bad accident could disable someone's lifestyle and earnings. There's a lot of folks that went into tech not realizing ai would come along and throw a wrench into their career trajectory. That said it might be good to temper it with a ratio. If person is 80% confident their lifestyle will continue as-is then 80% of the money can go to riskier investments while 20% goes to house. Then there's the matter of investmen risk. VOO hoping to get 10% each year by 2030..who knows. The home interest is a guarantee. The stock market isn't.
VOO has averaged over fourteen percent in the past decades. So you would come out ahead unless you withdrew the money during a downturn. Peace of mind is very important too, so that is going to come down to how you feel about it
When do you wanna retire? 20, 30, 40 years? Forget VOO and go all growth like VONG, VUG, SCHG etc.you have time to weather any down market and can adjust closer to retirement. Retiring in say 5-10 years, then seek value. Time value is on your side. If any of the above go to 0, money won't be our problem anymore.
Yes this is all true and I understand but what’s the possibility of VOO having a negative returns for 4 straight years? Thats economic apocalypse if that happens.
Sell DOGE, lol. As far as picks, I think you got some good ones. If you do get back green please just put like 90% into VOO/VXUS or IVV/IXUS SOFI and HOOD are actually good choices, but bro if you just would have bought VOO and VXUS you'd actually be up 20% on your account. You can't out stock pick the market as you can see here.
My brother in Christ, 6.8% is not far from the expected return from stocks and repaying it is guaranteed ROI, not an expected value over 3 years with high variance. VOO on the other hand could go down over that period.
Sorry friend, this hivemind is r/VOO, a whole subreddit where the only investment allowed is 100% in an S&P index.
Depends what you're looking to get out of this. Currently there's a mix of safety (VOO, KO) and risk (UNH, QCOMM). Really when I see these names (and the number of them), I read this as a defensive or uncertain approach. If you're investing in individual stocks, you want to know the companies extremely well; their financials, their moats, their competition, etc. That is, when you're investing in a stock, you believe all these things line up and represent a strong company for the long-term. If that's the case, then there isn't so much need to diversify. Instead, you can go in big with conviction. If this isn't how you feel about any of these companies, then VOO might be better allocation. If it is, then maybe a prioritise and trim a little. FYI: I am only invested in 3 companies and they're all conviction plays.
What’s the case for this instead of 100% VOO?
Nothing will beat SPY year over year! Just invest in VOO or VTI and chill.
Why do you need to beat it? Just buy VOO on auto weekly basis while you find this miracle stock…
When it comes to the market, time plus money generally leads to more money, but it is not linear. It moves up and down with a long-term upward trend. Personally, I would look at holding three to five well-researched ETFs that diversify risk across sectors and countries. Right now there is a lot of overlap. SPY and VOO are essentially the same, and QQQ is a concentrated bet on the riskiest growth and tech portion of the market. If you are holding QQQ, it can make sense to set a target and eventually move some of that into SPY, since SPY already holds many of the major companies that drive QQQ. I would also consider adding an ex-US ETF to reduce concentration risk. Something like a portion of the portfolio outside the US can help balance exposure over long time horizons. Progress in the market is not linear, but buying during downturns lowers your average cost per share. When prices recover, you reach break-even sooner and gains compound more smoothly. At the same time, money invested while the market is rising still benefits from that upward movement. This is different from investing in a single company, where failure can wipe out your position. With broad market ETFs, you are buying into the market as a whole rather than one outcome. Disclaimer: this is not advice on exactly what to do. Allocation should reflect your own risk tolerance and how you feel about current market conditions.
He's also the reason people say VOO and chill lmao.
We're like 3-4 years into a bull cycle already, high buffett indicator + shiller p/e, rich/smart money like trump/buffett/insiders/Dalio/Dimond loading going to cash, and expected Trump market to be higher vol thus more decay. I didn't sell to go to cash. Just de-leveraged a bit to VOO/SSO.
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