VSVNX
Vanguard Target Retirement 2070 Fund
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[VSVNX Vanguard Target Retirement 2070 Fund](https://investor.vanguard.com/investment-products/mutual-funds/profile/vsvnx) (45 years) is their furthest in the future. It's: 54.90% Vanguard Total Stock Market Index Fund Institutional Plus Shares 37.20% Vanguard Total International Stock Index Fund 5.50% Vanguard Total Bond Market II Index Fund 9 2.40% Vanguard Total International Bond II Index Fund Vanguard Total Stock Market is the US exposure, this is the same fund as VTI. VOO (S&P500) is 88% of VTI. So 48.3% of the longest-term target date fund is the S&P500. The largest difference is the inclusion of international equities, they do 60/40 US/International on the equity side. Then there is 92/8 stocks/bonds.
I am a bit surprised that a 2070 Target Date fund using the ETF type instead of a mutual fund. IMHO, with an IRA that has no tax concerns until withdrawal using a Mutual Fund is simpler as your don't need to worry about the intraday pricing and you can fully invest the amount (buy/sell in dollars instead of shares). It doesn't look like iShares has an equivalent version as a mutual fund, so instead you might want to look at Vanguard's 2070 Target Date VSVNX.
You should buy 5k of Vanguard Target Retirement 2070 Fund (VSVNX) and don't touch it for another 45 years. And keep putting more in every year, as much as you can up to the max. And LEAVE IT ALONE.
You can also check out the Target funds and just copy their holdings (other mutual funds) and adjust as you want. VSVNX (Vanguard target 2070 retirement) for example just has 4 Funds... 52.60% - Total stock market 36.90%- Total International Stock 7.4%- Total Bond Market 3.10% Total international bond market # )
My daughter was in a similar age/situation a couple of years or ago. We opened an account for her at Vanguard and set her up like this: VBTLX (VANGUARD TOTAL BOND MARKET INDEX ADMIRAL CL): 13% VTABX (VANGUARD TOTAL INTL BOND INDEX ADMIRAL CL): 7% VTIAX (VANGUARD TOTAL INTL STOCK INDEX ADMIRAL CL): 30% VTSAX (VANGUARD TOTAL STOCK MARKET INDEX ADMIRAL CL): 50% We also created a Roth for her and put it all into VSVNX-Vanguard Target Retirement 2070 Fund For everything but the Roth (since it was pretty small and would get an annual addition), we invested 10% of the total every couple of weeks until she was fully invested. I understand the appeal of bitcoin, but I really worry it will underperform going forward. It's small enough and you are young enough that it shouldn't hurt, but I'd advise that you keep good records and circle back in 5 years to see if it is doing as well as everything else.
Just went with Target Date Fund for my kids (a bit younger than you: VSVNX Vanguard Target Retirement 2070 Fund
i am also 19. why would you choose SPY and QQQ over something like VSVNX or FRBDX (target retirement 2070 funds)?
Currently Im holding VSVNX (target date 2070) and VUG. I have 1300 in VUG and the rest is in the target date fund. I’ve maxed my Roth IRA contributions this year and also this is my first year putting money in. Is putting money into VUG dumb? There’s some overlap as the target dates domestic part of the fund is VTI. However I’m trying to invest aggressively as I’m young and I feel like the target date isn’t aggressive enough. Possible other funds? Thoughts
Even if you think Intel will outperform the market, you could allocate 50-100k to Intel and then put the remainder in a simple VT or Vanguard Target Date Index Fund (e.g. 2070 = VSVNX). Hedge your bets. 500k at your age is almost a golden parachute if you aren't stubborn.
529 or VSVNX (that's as far out as the targeted retirement funds go right now)
Job titles? No, that isn't needed. Go to one of the big four low/zero cost financial companies, ETrade, Schwab, Vanguard or Fidelity. Open a Roth IRA account, transfer funds from your bank to the Roth IRA (you can do this for the year 2023 until April 15th and 2024) up to the amount of your earned income for the year (if you only had income of $5,000 in 2023 then you can only contribute $5,000 for 2023). Once the money is in the account do one of the following: * Buy a Target date fund for 2065 or 2070 (the year you would retire) like VSVNX (Vanguard Target Retirement 2070) * Buy a S&P500 fund with low expense ratio like VFIAX (Vanguard), FXAIX (Fidelity), or SWPPX (Schwab) Recommending buying the mutual fund version of the S&P500 over the ETF so that you can invest in dollars and not have to buy whole shares.
Tell him the most insane play would be to "YOLO" $6500 of VSVNX in a Roth IRA and "diamond hands" it for 50 years for those sweet "tendies"
You’re being raped by fees. Fire him and put it all in VSVNX or one of Vanguard’s other target index funds until either you can learn WTF you’re doing or just leave it there forever if you want hands off. Putting $65k a year with this dude is insane.
Step 1: Emergency savings of 3-6 months of living expenses in a high yield savings account. Majority of online banks are offering 4%+ Step 2: Open a Roth IRA with a brokerage (Fidelity, Schwab, Vanguard). There’s many suitable investment options, but my recommendation is VSVNX. It’s a low fee target date fund that makes an extremely simple one fund portfolio . Forget about it and buy your max $6500 contribution every year and you’ll have a comfortable retirement. Step 3: Contribute savings to other accounts. Tax advantages accounts first (IRA, 401k, HSA) up to the maxes and then to taxable brokerage accounts and savings accounts for accessible money for bigger expenses.