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.

[@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?

[@TheDayTheDay312]

I’d recommend seeking advice from an experienced financial professional. It might seem costly, but as the saying goes, 'you get what you pay for.'

[@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..

[@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!!

[@joealtamuro]

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

[@pbur8406]

TOD is huge!! Get it done

[@daveschmarder-1950]

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.

[@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

[@Steve_SEC]

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

[@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.

[@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

[@jamesklapetzky8633]

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

[@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.

[@SMTraz]

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

[@imdoc7872]

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

[@jaksdh-u4t]

2. VTI and BND. Next question?

[@Northdallasguy00]

BND?🤮

[@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

[@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

[@mj1961christian]

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

[@AK-47ISTHEWAY]

No, not really.

[@Northdallasguy00]

No

[@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.

[@MariaBrunn]

SCHD, VUG and QQQ contribute and chill

[@carl_weatherzzz7386]

VT and BND and chill.

[@jonathanwinston9958]

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

[@Hawking1969]

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

[@angieharris8015]

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

[@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?

[@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

[@cookinthekitchen]

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

[@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

[@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 🎉