Roth IRA 2020 Investment
Mar 02 2021
It's that time of year to contribute to my Roth IRA account. The 2020 limit is $6k. I won't do 2021 until next year because there's always the chance I'll make too much income (2020 AGI is $120k which I might be over if not for my mortgage payments).
Current positions:
I think I bought TSLA last year just before they announced a big split so that was fortunate. Still, having more than 50% of this account in two company stocks is risky so I should invest in an ETF.
Historically I've invested $10k in DIA, $10k in QQQ, $8k in SPY. I think I'll invest in QQQ (NASDAQ ETF). More risky than the other two because NASDAQ is heavily tech-based but still has good gains and better than depending on one company.
Current positions:
- Companies
- AAPL - $125k
- TSLA - $62k
- ETFs
- DIA - $20k
- QQQ - $48k
- SPY - $27k
- Mutual Funds
- DODFX - $4k
- DOMIX - $19k
- DSEFX - $14k
- PXWEX - $10k
I think I bought TSLA last year just before they announced a big split so that was fortunate. Still, having more than 50% of this account in two company stocks is risky so I should invest in an ETF.
Historically I've invested $10k in DIA, $10k in QQQ, $8k in SPY. I think I'll invest in QQQ (NASDAQ ETF). More risky than the other two because NASDAQ is heavily tech-based but still has good gains and better than depending on one company.