26 years old, living in NYC.
Individual brokerage $244k($150k AMZN, $94k FXAIX)
HYSA $52k, I put in 500 a month.
Roth IRA $12.5k, can’t contribute anymore.
401k $109k target date 2065.
Crypto $2k eth
No debt, renting. No car or kids.
Spending about $4k a month
If I sell my long term AMZN stock, what should I put it in to be less aggressive? Total market?
What should I invest in to diversify?
byu/tacosandturtles4 inpersonalfinance
Posted by tacosandturtles4
1 Comment
Hey, fellow NYCer here.
Investing heavily in Amazon and then less so in FXAIX makes no sense. (Example i have 7 figures in FXAIX and about $30,000 in Amazon)
A large stake in the SP500, like 25% is made up of around 10 companies, one being Amazon. I’d rather have most of my funds more diversified.
In addition I’d ask why so much in cash in a HYSA unless you’re looking to purchase a home.
I wouldn’t necessarily sell your Amazon stock either as you’ll basically lose all your gains to taxes. Amazon basically IS the e-commerce market these days excluding aliexpress. They’re not going anyway.
Just put future capital toward FXAIX.