I'm 19 and I am starting a taxable brokerage account. I have maxed my Roth IRA for the last 2 years, but that is handled by my financial advisor. I want to have my own brokerage account to maybe retire early or have easy access to some money if I would ever need it.
I was thinking of having 75% growth stocks and 25% dividend stocks to have a balanced portfolio.
I would like some opinions on which stocks to invest in, or tell me if this is a good blend or not.
For my dividend stocks I am thinking
15% SCHD
5% SPYI
5% QQQI
(maybe I go more schd heavy in the future)
Growth stocks
30% SPY
10% VGT
15% defense stocks
(what would be some good defense stocks)
10% Individual stocks
10% precious metals
Investing in taxable brokerage account
byu/Radiant-Ad-4048 ininvesting
Posted by Radiant-Ad-4048
4 Comments
How much are you paying your financial advisor to do something you can easily do yourself?
Why do you want dividends at 19 y/o?
This looks more complicated than it should be.
In general, young people should invest 100% in a total stock market fund, either total US or total global. The best ETFs are:
* [Vanguard Total Stock Market ETF](https://investor.vanguard.com/investment-products/etfs/profile/vti) (VTI) – total US stock market
* [Vanguard Total World Stock ETF](https://investor.vanguard.com/investment-products/etfs/profile/vt) (VT) – total global stock market
Choose either one or the other, depending on your views on owning the US only or the US + international.
If your heart is set on a growth tilt, I would choose one (or a mixture) of these three ETFs:
* [Invesco S&P 500® Momentum ETF](https://www.invesco.com/us/en/financial-products/etfs/invesco-sp-500-momentum-etf.html) (SPMO) – A bet on large-cap momentum.
* [Invesco NASDAQ 100 ETF](https://www.invesco.com/us/en/financial-products/etfs/invesco-nasdaq-100-etf.html) (QQQM) – A bet on growth.
* [Vanguard Information Technology ETF](https://investor.vanguard.com/investment-products/etfs/profile/vgt) (VGT) – A bet on technology.
Lose the FA