01-16-2022, 03:27 AM
Best way to invest 6K/month?
<!-- SC_OFF --><div class="md"><p>Mid 30s couple, after taking care of rent and other expenses, we plan to put away 6K/month in our brokerage account. I like reading up on financials but with a toddler and a full-time job I want to stay passive as much as possible. I plan to keep 85% in index funds (VTI/VOO/etc), 10% in individual stocks (AAPL, MSFT, etc) and rest in cash for buying opportunities.</p> <ol> <li> Does this strategy sound reasonable? I was thinking of adding a 529 bucket and can't think of anything else.</li> <li> With a little more effort on doing my research, can I do better than this?</li> <li> I can’t find a way to automate the biweekly investments in index funds (for fidelity), can someone point me to a good resource?</li> </ol> <p>Edit1: we max out our 401k + Roth IRA and that adds up to approx. 70K/year (including employer contributions) invested in target date funds.</p> <p>Edit2: we also have a savings account with 80K cash (emergency + house downpayment)</p> <p>Edit3: apparently a lot of people on this sub have never heard of backdoor Roth</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/inscrutabledesiguy"> /u/inscrutabledesiguy </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/s4uhig/best_way_to_invest_6kmonth/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/s4uhig/best_way_to_invest_6kmonth/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Mid 30s couple, after taking care of rent and other expenses, we plan to put away 6K/month in our brokerage account. I like reading up on financials but with a toddler and a full-time job I want to stay passive as much as possible. I plan to keep 85% in index funds (VTI/VOO/etc), 10% in individual stocks (AAPL, MSFT, etc) and rest in cash for buying opportunities.</p> <ol> <li> Does this strategy sound reasonable? I was thinking of adding a 529 bucket and can't think of anything else.</li> <li> With a little more effort on doing my research, can I do better than this?</li> <li> I can’t find a way to automate the biweekly investments in index funds (for fidelity), can someone point me to a good resource?</li> </ol> <p>Edit1: we max out our 401k + Roth IRA and that adds up to approx. 70K/year (including employer contributions) invested in target date funds.</p> <p>Edit2: we also have a savings account with 80K cash (emergency + house downpayment)</p> <p>Edit3: apparently a lot of people on this sub have never heard of backdoor Roth</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/inscrutabledesiguy"> /u/inscrutabledesiguy </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/s4uhig/best_way_to_invest_6kmonth/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/s4uhig/best_way_to_invest_6kmonth/">[comments]</a></span>Kind Regards R