Simplify Your Financial Life | Jill on Money

[@Iamjacob-x3o]

my Roth currently has VOO, SCHD, and SCHG. i plan to re balance at 60 into SCHD, DRGO, JEPI and JEPQ to live off of dividends and contribute more.

[@AsandeMonwabisizondi]

Very nice jacob. You understand how to play the game for long term success.

[@melii-h3r]

Would it be sensible to mirror these sets you mentioned. I'm looking into it

[@Iamjacob-x3o]

my approach is fine over the long term, most important thing is to get started and build your income over time to continue compounding as time goes on. I did put in 100 grand years back and kept reinvesting, well diverse, now it's value over five hundred k and increasing.

[@melii-h3r]

I feel pretty bad for not understanding how this works, I still struggle to get this right, i keep only SCHD. kudos sir!

[@Iamjacob-x3o]

If you ain't savvy enough, discuss with a FA. Im with Frost hilda. She's provides options to build on, Including high yielders and less hands on for you.

[@erickarnell]

Three index funds might be an index fund ETF for US stock market, index fund ETF for international stock market, and index fund ETF for bonds. That's impressive market diversity.

[@Alex-v4h9z]

Also, always always close your CC if it has an annual fee despite what they said.

[@ExtraGuac007]

You can also close a CC without an AF if it adds simplicity and free up headspace. Don't be that guy that has 15+ CC.

[@victorl225]

Shout out to Duncan!!

[@jluther1755]

Was this a commercial for not having a financial advisor 👍 from a Financial advisor

[@brandonadkins1381]

Yes it seems the RWM/Compound crew tends to play both sides.

[@joealtamuro]

I put my friend into the VOO with a max of 8-10 individual stocks for her personal portfolio.

[@daveschmarder-US1950]

I have one mutual fund account, one brokerage and one local bank. I have 2 credit cards that I've had for decades. I use TOD when possible. One house, 1 car.

[@pbur8406]

TOD is huge!! Get it done

[@CarlFeickert]

The gentleman appeared to be very bored with discussing this topic. But agree with premise of topic and agree that most financial advisors are a waste of money

[@joelhawes7749]

I feel attacked 😂 working on simplifying my 20+ funds in my retirement account... This setup has been good to me but ive realized if I'm just going to compare myself to the S&P every year, i might as well be *in* the S&P and not risk falling behind

[@BangNguyen-ux4ie]

Our simple reason for keeping our retirement money in 4 different locations (Vanguard, Fidelity, my 401k, and my wife's 401k) is to minimize the risk of something happens to one of them. Yes it is cumbersome to manage, but with often data breaches in financial institutions, we don't sleep well with all our eggs in one basket 😅

[@diydarth]

Why bother international when s&p companies are already global

[@rh3108]

S&P wasn't global from 2000-2010 when international out performed?

[@diydarth]

@@rh3108 I’m just saying the bulk of s&p has an international presence. The diversification is built in. It’s the only fund you need in life. And if it goes to zero, we got bigger problems.

[@DK-pr9ny]

@@rh310814 years ago lol. Keep up.

[@SMTraz]

VOO, VONG, VTV, VIG, QQQ, and VB. Let's roll! :)

[@affegorilla1299]

I love my 25 ETFs lol. I need at least 3 different dividend ETFs to get monthly dividends. I need India, China and so on lol

[@squishtomar1676]

You're falling for dividend fallacy

[@affegorilla1299]

@@squishtomar1676 falling for nothing just like the feeling of getting money every month. Not saying it’s the best strategy to get rich

[@anthonyguzek8262]

I’m 67 and would like to invest in a Vanguard index fund. Considering my age anything different as to how the fund is set up? Not sure where to look for direction.

[@jamesklapetzky8633]

I currently have SCHB, SVHD, & SCHG. Thinking about adding DGRO to compliment SCHD. Thoughts about that & buying DOMINION ENERGY & PFIZER stock?

[@mj1961christian]

My 4 fund portfolio includes an international bond fund. Do i really need that?

[@AK-47ISTHEWAY]

No, not really.

[@Northdallasguy00]

No

[@Cottoncandyh]

I'm 32 years old and lost my dad about six months ago. I'll be receiving some money soon. Should I invest in stocks for a few years while attending business school and then move into rental properties, or would it be smarter to start with real estate investing right away?

[@Frankweily]

I agree, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I max out my 401k and have few properties. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me achieve early retirement.

[@Bunnydrille]

I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?

[@Frankweily]

Sure you can! Melissa Elise Robinson is the advisor I work with. Just search the name. You’d find necessary details to work with to set up an appointment.

[@Bunnydrille]

Thanks for the lead. I just searched Melissa by her full name and easily spotted her page, very professional..

[@Hawking1969]

i have a checking account, a 401k, a TD account. that's it. not even a savings account. Three numbers.

[@jonathanwinston9958]

Taxable accounts should be filed as a Trust account. Not as a beneficiary xfer!

[@WanderingExistence]

I have VOO, SPY, and IVV. What other funds do I need?! /s

[@honeycomb4588]

Probably at least two more US large cap funds to further diversify into more U.S. large cap

[@WanderingExistence]

@@honeycomb4588 Thank you for the reassurance, I knew I needed some more diversification. Probably will add SWPPX and FXAIX. They say diversification is the only free lunch.

[@WanderingExistence]

@@honeycomb4588 Ok, thank you. I guess I'll add (swppx) and (fxaix). They say diversification is the only free lunch.

[@gailgoodman4104]

You don't need VOO and SPY because they are exactly the same thing.

[@WanderingExistence]

@@gailgoodman4104 But what about IVV?

[@carl_weatherzzz7386]

VT and BND and chill.

[@angieharris8015]

LOL and hospital's (literally) stink. I've worked in one.

[@MariaBrunn]

SCHD, VUG and QQQ contribute and chill

[@jaksdh-u4t]

2. VTI and BND. Next question?

[@Northdallasguy00]

BND?🤮

[@Bandboxxer-v3n]

@@Northdallasguy00 Total bond ETF

[@bryonsview]

Agree with everything except for the credit card piece. No reason for any regular 9-5 person to have more than 1 credit card. 2max! Close those cards

[@cookinthekitchen]

How does Jill know me? I've cut back to 3 bank accounts but it is working

[@imdoc7872]

My wife and I have the Warren Buffet 2 fund portfolio. We have made almost $60k this year already.

[@darrenjamrock2677]

Since the destruction we've seen in Gaza I have started buying Gold, Bonds and Bitcoin etfs instead of index funds to avoid potentially buying stocks connected with Israel

[@Alex-v4h9z]

Don’t listen to them and don’t ever have more than 500k in one brokerage account unless you want to risk this bank going bust

[@Steve_SEC]

Since BND has been doing so badly, what do you think of VUSXX?

[@vitawater4259]

VIG, QQQ, VTI

[@WanderingExistence]

I love VIG and QQQ! Super smart to use them to tilt your total market in various degrees of volatility, dividend, and capital growth.

[@jian11188]

Brokerage account VTI 50%, SCHG 30%, SCHD 20%, 30 years to grow. Roth IRA and HSA, VTI 50%, QQQM 25%, SCHG 25%.

[@vitawater4259]

@@WanderingExistence Thank you

[@danj9936]

Just FXIAX for me 🎉