Hello everyone,
I opened my Roth IRA when I was 22 and had built it up to about $11,000 as of last week. I recently rolled over an old 401(k) worth roughly $5,000 into my Roth IRA, bringing the balance to around $16,000. I also just maxed out my annual contribution limit with an additional $7,500.
I'm curious to hear what others are invested in and get some opinions on my current allocation.
Right now, my Roth IRA holds:
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38 shares of FXAIX
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221 shares of FZROX
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59 shares of FZILX
For my new $7,500 contribution, I'm considering investing it as follows:
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50% FXAIX
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35% FZROX
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15% FZILX
I know some people will point out that FZROX already contains most of the companies in the S&P 500, so there is overlap with FXAIX. However, I've noticed that FXAIX has consistently outperformed FZROX within my portfolio, which is why I'm considering giving it a larger allocation.
For context, I'm 24 years old and investing for the long term. What would you do differently, if anything?
Simply looking for opinions. Not financial advice.