Emergency funds: I do not currently have expenses but have $1,100 in the bank.
Tax Filing Status: Single
Tax Rate: Not Applicable /b]
State of Residence: Minnesota
Desired Asset allocation: Whatever makes me the most money
Please provide a hint as to the size of your current total portfolio (as in high four-figures, mid five-figures, low six-figures, etc.) What might be appropriate for a very large portfolio might not be appropriate for a new investor.
I will be transparent here, no need in making you guess. I have $1,800 in my Vanguard Roth IRA and $40 in a Robinhood brokerage.
Current retirement assets
0% cash (for investing – do not include emergency funds)
17.38% Global X Nigeria ETF (NGE) (0.89% Expense Ratio)
42.20% Stag Industrial (STAG)
7.83% Urban One (UONE)
0.07% Hexindai (HX)
8.27% A.P Moller Maersk (AMKBY)
1.71% Canntrust (CTST)
16.41% Waitr Holdings (WTRH)
0.58% Globalstar (GSAT)
1.83% Inuvo (INUV)
2.65% Chanticleer Holdings (BURG)
Roth IRA at Vanguard
100% PowerShares QQQ Trust, Series 1 (QQQ)
New annual Contributions
$2,102.00 his IRA/Roth IRA 2019
$107.33 his IRA/Roth IRA 2020
1. I moved my money from my a Vanguard Targeted Retirement to QQQ is this right? I heard that I should be more aggressive.
2. I am in a US Bank Star Savers club, I am restricted to six withdrawals a month and only get 0.005% interest is this bad? I think it is terrible. I want to change to the Sallie Mae High Yield Savings 1.4% APY is this a good idea? Should I do a money market?
3. How do I budget?