Hey ya’ll, just need a sounding board to determine if my current investment setup makes sense / if there are any redundancies that I can shift to better allocate my money!
I (28M) have been working a corporate job since graduating college (~$85k salary), but only really started getting into investing around 3 years ago.
My current breakdown looks like this:
HYSA: ~$20k saved ($2,650 average monthly cost, 6 month safety accrued)
- Saving around $700 per month
401(k): ~$21k invested (investing 4.5% with 100% company match at 4.5%)
- Aggressive portfolio type, large cap markets and some mid cap markets only
ROTH: ~$17k invested (try to put $540 in monthly, split between 90% S&P, 10% international)
Personal Investments: ~$4k invested (mostly S&P with a handful of other stocks)
- Investments are sporadic, thinking of cutting half of my savings moving forward and investing (e.g. $350 into HYSA, $350 into personal investments)
- Also thinking of taking any interest earned on my HYSA, and putting into personal investments
Let me know if there’s anything more I can do! Living in a HCOL city makes things a bit trickier, but want to try to streamline my investment process as much as possible!