[USER]

Age: 37
401k: 120k
Brokerage account: 7k
Mortgage :145k
Savings: 38k

Hello everyone I have a 2 part question for anyone who has the time.

I have VTI and VOO as my only 2 ETFS as of right now and wanted to see if I should add a few more etfs, stocks, mutual funds, ect to diversify for long term investing.

I started investing in march of this year in my fidelity brokerage account so go easy on me. Money has been tighter me this last year so I am contributing only 600$ a month total to both etfs.

I could also increase my contributions to just the ones I have if adding more in not a good idea.

Second question. I am in the process of selling a rental property and getting out of rentals all together. I am looking at roughly a 50k profit. How would some of you invest this?

I have a savings so I do not need it as a backup.

I wanted to just share the whole picture for a financial wellness checkup, If I am doing something wrong I would like to course correct now than later.

Thanks.

[Ellen]

It doesn’t look like you have a Roth IRA yet. You might want to contribute $7,000 of that profit to a Roth IRA so you get tax-free growth.

If you have too much income to qualify for a Roth IRA, consider doing a back door Roth.

Also, keep in mind that you will probably have to pay capital gains on the profit from the sale unless your income level qualifies you for 0% capital gains rate.

[Curtis]

Need small cap and value stocks at the moment, AVUV & SCHD provide good value now that the mag 7 are expensive

[Kyle]

No need to add anymore. VTI is the total stock market, so you are already very diversified. Stock picking is a fools game.

With the 50k, just dump it in to VTI all at once.

[Rob]

The two fund you have is fine and already well diversified as it holds 3500 stocks. I would take the 50k and dollar cost average into the market.

I would do 5 or 10k a month the same way you are investing now.

You are doing great. Keep it up.

[Julie]

Just curious why you’re not doing rental anymore. As someone who has toyed with the idea.

[Tom]

At your age, I’d be 100% S&P500 or Total Market Index Fund/ETFs.
I’m at the other end of the rainbow. Retired with:

75% S&P500 or Total Market Index Fund/ETFs
20% Fixed income
5% HYSA

[Derek]

I’ll be biased and say diversify a little with some life insurance.

but from it sounds like you’re doing great. Are you more of an active or passive type of investor?

[Troy]

There’s tons of great options for individual stocks. Spread that 50k in to 5 different stocks you feel will be really strong long-term investments. This is how you can get better returns.

SoFi, Palantir, Tesla are a couple of great options.

You should also look at the gold and silver mining stocks.

This will be a great option as a bull market is just starting.

[Clinton]

Take the $50,000 buy Bitcoin and forget about it for 10 years. Thank me later. If you put it in the market DONT do it in pieces.

That’s timing the market and that never works. Put it all in and forget about it.

I bought Bitcoin at $17,000 and it’s now $100,000. Buy 1/2 a coin and in 10 years it will be $250,000 or more.

It will hit 1M dollars that a fact! There are only maybe 17M coins available if that. The rest have been lost.

[Author]

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