Hi! I’m 22 and make around 60k a year gross. I have no company match but I invest 4% to a ROTH 401k every paycheck and i’m in sales so my take home can fluctuate but normal take home is around 3-4k. My rent is $1000, bills for the rest of my expenses come out to $1200-1500.
What would you change? What should my brokerage be invested in? Currently try to invest/save 1k a month
Current breakdown of investments
HYSA: 18k
Brokerage: 13k Currently have $11.2k cash as I plan to reposition and rest was in Webull which i’m down 11.5%
Roth IRA: 17k FTIHX 20%/FXAIX 80%
Rollover IRA: $7k VOO 50%/VTI 50%
Company Roth 401k: $5600 Target fund (can’t change
22 Y/O and need some help
byu/Historical_Fox_5552 ininvesting
Posted by Historical_Fox_5552
5 Comments
honestly, you’re ahead for 22.
your hysa looks like a solid emergency fund. i’d max the roth ira if you can, then keep extra long-term money in broad index funds.
i wouldn’t sit on too much brokerage cash waiting for the perfect “reposition.” time in the market matters more than perfect timing.
genuinely strong setup for 22. one flag: $18k HYSA is ~12 months expenses, you only need 6 months ($9k). free up $9k for roth IRA topup. roth 401k without match, no need past 4%. webull -11.5% is just individual-pick variance, your roth allocation (80/20 us/intl) is fine for a 40yr horizon. don’t overthink it
Great job being financially responsible and aware. Especially at 22. I was not like this and wish I was sooner. Also most 22 year olds are probably banking on the collapse of society as a retirement plan, so they’re not saving.
Looks good for the most part. However, the rollover I would change to all VOO.
The high risk plays would be better in the Roth than the brokerage. And for those higher risk plays, go with tech ETFs, not stocks, QQQ, VGT, and everyone should have 10% in SMH.