Hey everyone, I’m going to keep this short and sweet. Basically I just opened up a ROTH IRA. Before this though, I solely just invested in Robinhood but that was before I was financially more literate. I’m trying to rebalance my portfolio because I should have done this much sooner.
I just want to hear some opinions on it. I’m taking each with a grain of salt or heavy research after.
My approach
Roth IRA = growth stocks (VTI, SPY, VOO)
Robinhood = Income Focused (QQQI, JEPQ, SPYI)
The plan is to retire off of dividends but also have a good savings account. I’m currently 25 and my income is nothing fancy. My robinhood is roughly reaching 20k but that’s because so have a good mix of growth stocks and dividend stocks in it.