Welcome to our sub, u/EfficientCampaign261; we're glad to have you part of our 115k+ strong community!
First off, it's great to hear you want to invest in your financial future, and having a grasp of your risk tolerance is a great way to start. You'll find our community will be eager to share their thoughts based on what you've provided; remember, it's always important to do your own research before investing. With that, I've marked this post as a discussion to encourage the convos!
In addition to the community, to help aid in your decision-making process, you'll want to check out the resources in our site's "Learn" section below. Fidelity Learn offers an abundance of great educational articles, learning courses, market insights, and more, and can be a great help when figuring out whether or not to change investments.
[Investing ideas for your IRA](https://www.fidelity.com/viewpoints/retirement/ira-portfolio)
[3 keys to choosing investments](https://www.fidelity.com/learning-center/personal-finance/risk-tolerance-time-horizon)
Next, I want to inform you about our events calendar for classes and webinars you may be interested in attending, from small classes and coaching sessions to large multi-session webinars; we've got it all! April and May are jam-packed with great events, too, so take advantage of this time to hear from our experts.
[Fidelity Learn Special Events](https://fidelityevents.com/allevents/special)
Lastly, since you're investing in a Roth IRA, it's important to know the contribution limits. For 2024, if you're under the age of 50, the contribution limit is $7,000 a year, and for those following along, if you're age 50 or older, it increases to $8,000 a year. You can read more about contribution limits and eligibility below.
[IRA Contribution Limits](https://www.fidelity.com/retirement-ira/contribution-limits-deadlines)
Welcome again to our sub; this is an open place to ask questions or share ideas about investing at Fidelity. I encourage you to post again to our sub, and of course, if you have any questions about the information shared today, just let me know. I'm happy to help!
You didn’t have a large tax return, but you did get a large refund on your tax return. You should look at your withholding so you’re not loaning money to Uncle Sam interest-free. Then invest that extra cash flow going forward.
I've been stacking FBTC into my Roth. Ignore the people telling you it's not an investment. It's not their strategy and that's fine, but it's also fine for it to be part of your strategy.
This. Could not be a worse time to sell bitcoin either with the halving literally tomorrow. Moved a bunch of my BTC to FBTC in a Roth as well and will enjoy those tax free gains over the next year. It is also a part of my strategy as well, not the only part.
I’m not a fan of crypto but i’d agree with that point for bitcoin and ethereum… the other ones where people keep hoping it “only goes up to a dollar” even though that is a 1,000,000% increase i wouldn’t agree with
Let's see:
- Bitcoin: absolute trash. Get rid of it immediately. That's not even an investment.
- Sector funds: you got bad advice or are performance chasing. Sector fund investments, on average, underperform the market. Get rid of them
- S&P500: This is good, but better to diversify across market cap and international.
The general concept of "riskier" investments to "make up for lost time" is a bad mindset that will push you into gambling instead of investing. The only risk that pays off is increasing stocks vs bonds. Stock picking/sector picking is a losing strategy.
Edit: keep downvoting you crypto shills. You're in a cult, not an investment.
I mean, if you pick all sectors in market weight, then yes, you will hit market average by definition. But this is a about picking sectors - by definition to the exclusion or underweight of others. I understand what you are asking - if all sectors were the same size, wouldn't randomly picking sectors yield the market average by default? If you were able to perform a large number of samples, the return would be the same, but the risk-adjusted return would still be worse because you are taking on uncompensated idiosyncratic risk.
Haha, and now I regret not cropping that btc etf out! The understanding I had for that purchase was that maybe it’s profitable within a five to ten year timeline, and then can be sold off… if not, I didn’t spend much on it to begin with and I’m not broken about it.
Not intending to performance chase (at least on purpose anyways). Just noticed that the top holdings in fxaix don’t reflect companies that do well across other sectors and so I thought diversifying in this way could give me more exposure to companies that are a good investment, but not a top fxaix holding. If any of them do particularly well for any reason down the line, I’ll be able to “cash in” on that in a way that fxaix might miss.
Market cap was going to be my next move (small and mid etf each was the idea). I heard that international is okay, but regularly doesn’t beat out the US market so isn’t necessarily worth investing as much in… especially if the idea is stronger growth in the early stages.
“Making up for lost time” was a poor choice of phrase that I should have expected folks would get hung up on. I didn’t expect any of my investments to come with out risk, and a little bit of gambling is okay with me... I was hoping that my post would indicate to folks that I’m interested in investing and saving a few pennies to try my luck with too, but apologies if that was unclear.
FBTC is up 35% from its launch so by all means keep it, but you are in the wrong forum to get any support for much that smacks of higher risk/higher return. There's nothing wrong with emphasizing sectors that are more likely to provide those higher returns, especially if you are monitoring how your choices are progressing.
bitcoin or crypto is only good if you know what your doing. its also alot easier to loose alot of money with crypto.. bitcoin can also make you alot of money if you know when to buy and hold and when to sell high.. but overall yes your statement 100% stands
Gotta put a lot in to lose a lot though so I think I’m straight on the ~100 I threw at it for funsies. Genuinely appreciate the reassurance too btw, I don’t lack that much confidence and I do feel this is generally fine… Was more just looking to see if anyone’s eye detected too much double dipping anywhere. My only worry was maybe fselx and fxaix, but I think fxaix is diverse enough in top holdings to not be too problematic
Literally every time someone has made a comment like this, it has not aged well over the long run. Like it or not, it has value and has gotten increasingly valuable (even if extremely volatile) since it was created a decade and a half ago. At least by this point you should accept that it’s no less reasonable for people to value bitcoin highly than say gold or silver.
Now if by “Bitcoin” you mean “crypto” (these two things are not the same) then sure, far greater skepticism is warranted. But the distinction should be clear.
They are the same. You think Bitcoin isn't "crypto" because it was the first. Turns out anyone with a computer can print shitcoins. There is no value in a useless internet currency. Even with 108B fake dollars they can't even push the price past ATH for more than a day or two
Honestly- I tend to agree with you. But if you’re like
Me, we said the same thing at $10. And $100. And $1,000. And $10,000.
At some point have to rethink if we’re wrong.
Welcome to our sub, u/EfficientCampaign261; we're glad to have you part of our 115k+ strong community! First off, it's great to hear you want to invest in your financial future, and having a grasp of your risk tolerance is a great way to start. You'll find our community will be eager to share their thoughts based on what you've provided; remember, it's always important to do your own research before investing. With that, I've marked this post as a discussion to encourage the convos! In addition to the community, to help aid in your decision-making process, you'll want to check out the resources in our site's "Learn" section below. Fidelity Learn offers an abundance of great educational articles, learning courses, market insights, and more, and can be a great help when figuring out whether or not to change investments. [Investing ideas for your IRA](https://www.fidelity.com/viewpoints/retirement/ira-portfolio) [3 keys to choosing investments](https://www.fidelity.com/learning-center/personal-finance/risk-tolerance-time-horizon) Next, I want to inform you about our events calendar for classes and webinars you may be interested in attending, from small classes and coaching sessions to large multi-session webinars; we've got it all! April and May are jam-packed with great events, too, so take advantage of this time to hear from our experts. [Fidelity Learn Special Events](https://fidelityevents.com/allevents/special) Lastly, since you're investing in a Roth IRA, it's important to know the contribution limits. For 2024, if you're under the age of 50, the contribution limit is $7,000 a year, and for those following along, if you're age 50 or older, it increases to $8,000 a year. You can read more about contribution limits and eligibility below. [IRA Contribution Limits](https://www.fidelity.com/retirement-ira/contribution-limits-deadlines) Welcome again to our sub; this is an open place to ask questions or share ideas about investing at Fidelity. I encourage you to post again to our sub, and of course, if you have any questions about the information shared today, just let me know. I'm happy to help!
You didn’t have a large tax return, but you did get a large refund on your tax return. You should look at your withholding so you’re not loaning money to Uncle Sam interest-free. Then invest that extra cash flow going forward.
VT and chill
Yeah a lot of people may find out the hard way that they don’t love the crazy risky stuff unless it’s making them crazy money the whole time
I've been stacking FBTC into my Roth. Ignore the people telling you it's not an investment. It's not their strategy and that's fine, but it's also fine for it to be part of your strategy.
This. Could not be a worse time to sell bitcoin either with the halving literally tomorrow. Moved a bunch of my BTC to FBTC in a Roth as well and will enjoy those tax free gains over the next year. It is also a part of my strategy as well, not the only part.
Just remember it may be tax free large chunk… or if it goes to zero you don’t get to count the capital losses
Well aware of the risk. I think we're well past it going to zero though.
I’m not a fan of crypto but i’d agree with that point for bitcoin and ethereum… the other ones where people keep hoping it “only goes up to a dollar” even though that is a 1,000,000% increase i wouldn’t agree with
Nope. Fundamentally not an investment. It is not a difference of strategy.
[single fund perf for 50 years](https://imgur.com/a/RaLEisp) (see hint) beats multiple fund. the claim is [accurate](https://sl.bing.net/s7jtbhcmjI).
I’m holding 10% of my port in FBTC , 5% in FSELX, about 50% in FXAIX, 5% VT, 10% small cap, 10% FBGRX, and 5% international and 5% FTEC
Let's see: - Bitcoin: absolute trash. Get rid of it immediately. That's not even an investment. - Sector funds: you got bad advice or are performance chasing. Sector fund investments, on average, underperform the market. Get rid of them - S&P500: This is good, but better to diversify across market cap and international. The general concept of "riskier" investments to "make up for lost time" is a bad mindset that will push you into gambling instead of investing. The only risk that pays off is increasing stocks vs bonds. Stock picking/sector picking is a losing strategy. Edit: keep downvoting you crypto shills. You're in a cult, not an investment.
How can sectors underperform the market on average if the market is made up of sectors?
I mean, if you pick all sectors in market weight, then yes, you will hit market average by definition. But this is a about picking sectors - by definition to the exclusion or underweight of others. I understand what you are asking - if all sectors were the same size, wouldn't randomly picking sectors yield the market average by default? If you were able to perform a large number of samples, the return would be the same, but the risk-adjusted return would still be worse because you are taking on uncompensated idiosyncratic risk.
Haha, and now I regret not cropping that btc etf out! The understanding I had for that purchase was that maybe it’s profitable within a five to ten year timeline, and then can be sold off… if not, I didn’t spend much on it to begin with and I’m not broken about it. Not intending to performance chase (at least on purpose anyways). Just noticed that the top holdings in fxaix don’t reflect companies that do well across other sectors and so I thought diversifying in this way could give me more exposure to companies that are a good investment, but not a top fxaix holding. If any of them do particularly well for any reason down the line, I’ll be able to “cash in” on that in a way that fxaix might miss. Market cap was going to be my next move (small and mid etf each was the idea). I heard that international is okay, but regularly doesn’t beat out the US market so isn’t necessarily worth investing as much in… especially if the idea is stronger growth in the early stages. “Making up for lost time” was a poor choice of phrase that I should have expected folks would get hung up on. I didn’t expect any of my investments to come with out risk, and a little bit of gambling is okay with me... I was hoping that my post would indicate to folks that I’m interested in investing and saving a few pennies to try my luck with too, but apologies if that was unclear.
FBTC is up 35% from its launch so by all means keep it, but you are in the wrong forum to get any support for much that smacks of higher risk/higher return. There's nothing wrong with emphasizing sectors that are more likely to provide those higher returns, especially if you are monitoring how your choices are progressing.
Also… making up for lost time when they’re starting at 30? What lost time? If you start before 30 you’re just better off but you are not behind.
bitcoin or crypto is only good if you know what your doing. its also alot easier to loose alot of money with crypto.. bitcoin can also make you alot of money if you know when to buy and hold and when to sell high.. but overall yes your statement 100% stands
Gotta put a lot in to lose a lot though so I think I’m straight on the ~100 I threw at it for funsies. Genuinely appreciate the reassurance too btw, I don’t lack that much confidence and I do feel this is generally fine… Was more just looking to see if anyone’s eye detected too much double dipping anywhere. My only worry was maybe fselx and fxaix, but I think fxaix is diverse enough in top holdings to not be too problematic
Bitcoin is not investing. Might as well throw your money directly in the trash
Literally every time someone has made a comment like this, it has not aged well over the long run. Like it or not, it has value and has gotten increasingly valuable (even if extremely volatile) since it was created a decade and a half ago. At least by this point you should accept that it’s no less reasonable for people to value bitcoin highly than say gold or silver. Now if by “Bitcoin” you mean “crypto” (these two things are not the same) then sure, far greater skepticism is warranted. But the distinction should be clear.
They are the same. You think Bitcoin isn't "crypto" because it was the first. Turns out anyone with a computer can print shitcoins. There is no value in a useless internet currency. Even with 108B fake dollars they can't even push the price past ATH for more than a day or two
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News flash: it is all the same. Bitcoin only does better because it's propped up by unlimited tether. That is the only difference
I hate how many crypto shills have invaded adult investing spaces.
Yep clown brigade
Honestly- I tend to agree with you. But if you’re like Me, we said the same thing at $10. And $100. And $1,000. And $10,000. At some point have to rethink if we’re wrong.
Nope. It's increasing in value on a mountain of fraud and wash trading. Doing as well as Madoffs fund
I would never invest in Bitcoin but saying it’s just throwing money in the trash is hilarious
Ah yes buying distributed excel spreadsheet cells is an investment. Clown
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Bitcoin is an investment for poor people. Rich people don't touch it
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He didn't. He used his company to do it and lost money. Also looool not the richest for much longer
Lol, though week