(12-08-2021, 11:05 AM)Kerim Wrote: Wow. I'd be pleased with a suitor that young who was interested in saving and investing. A good sign!In this instance is was a smart young man with the good sense to save for h9s future and just trying to understand what his advisor was doing. As I said he had about $22K. I had a brief look but for sure he owned as amll amount of the following.
But yeah, it is always tough seeing how lost some people are with it all. It is a form of literacy that we should be teaching in school!
SPY ETF
Russell 2000 ETF
Midcap ETF
A dividend ETF
Short term bond fund
Several mid term bond fund
Several Longterm bond fund
Some government bond funds.
The kid is a 6th generation Iowa farmer (it's kind of a big deal to survive that long). He is also an ASST manager at a Tyson owned meat market so he can have benefits. He actually understands AG commodities which isn't that simple. How in the hell is he supposed to understand his 401K? The above is a synopsis. He owned 15+ ETFs with much duplication. I suspect somebody is getting paid to do that to him. The more I think about it the more it annoys me. You shouldn't have to be an investment nerd with ten years experience to have a reasonable understanding of your company 401K. I told him to tell his advisor to move more of his of assets to SPY gradually. It's the only rational thing I could think of since his 2021 return was 10%. I bet he will still have 15 ETFs after that.