I’m 23 still living at home still and I plan on doing that still for decent amount of time so I’m taking the opportunity to invest a very good chunk of my money in the meantime. I opened up a 401k around 3 years ago and it has around 47k right now. After doing some research I found it would be wise to open up another ROTH IRA which I did with vanguard and I opened up a brokerage account because I want to build something that I can touch before retirement.
I think I have a decent idea of what I’m doing, so far I’m putting around $400 a month into each as listed:
Roth IRA: 80% going towards VOO, VXUS, and VXF 10% to bonds (BND) 10% just sitting in the cash deposit because I thought maybe having a little bit waiting for a crash and buying a lot when it’s low would be a good idea
Brokerage: 80% going to VTI and VXUS 10% bonds (BND) 10% sitting cash.
I do have a lot of questions because I am pretty new to doing this but I think my diversification is pretty decent.
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Is holding onto the cash waiting for market down turns a good strategy or is it just better to just throw it at what I am already investing in?
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Does it matter if I am investing only into etfs and bonds rather than mutual funds. Would it be more wise to invest into mutual funds or does it really not matter?
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Are there any other etfs or mutual funds I should add to my portfolio for steady long term growth? I am not a super high risk taker I just want something that is known to grow a very good decent amount over long periods of time.
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Is there any other strategies I am missing out on that I could tap into right now that would that would really help my future self out down the road?