I (33M, in the US) started “investing” (gambling) on Robinhood in 2019 with whatever was leftover from my paychecks. As it has grown to become a meaningful amount of money, I wanted to actually use a diversified strategy to set-up for a retirement at 55. I did a bunch of research over the past year, and have settled on the following allocations, planning to re-balance quarterly:
VTI: 50%,
VXUS: 20%,
SCHD: 10%,
DGRO: 10%,
BND: 10%,
SCHD and DGRO are not necessarily there for dividends. They are included because I like the criteria that they use to select companies, and I want my US exposure to slightly favor those companies.
I plan to increase the BND allocation by 5% every 5 years, to hit 35% when I am 55.
I know personal finance is personal and what is best will vary from person to person, but I am curious to know what you all like/dislike about my plan. Is there something that I may be missing? Just looking for good conversation, an alternate perspective, or a devil’s advocate, since most of the people in my life don’t know or care about this stuff.