dpixel wrote:And keep some cash on hand is case the market tanks so you can get in on some discounted prices.
I could be wrong but I took the question to be soliciting suggestions for a "handsoff" portfolio. If the OP wants to actively trade then there is nothing wrong with your suggestion but for a buy-and-forget investments that advice is anathema.
Yes I do want a handsoff portfolio and I do not want to be actively trading
Can you provide more information?
- What will you use the money for?
- Do you intend to actively trade or do you want to buy something now and forget about it for 10 years?
I do not want to be actively trading so a handsoff approach.
- What do you mean by 15% risk tolerance? Do you mean you don't mind losing 15% in one day? One investment? Would losing 15% of your money over the 10 years be acceptable?
We could handle a 15% average lost of the whole investment after the end of the 10 years.
- What is your tax situation? If this investment produces income, what rate will it be taxed at?[/quote]
I stated this in my post but here it is again If you started this investment before the end of 2012 then in 2013 onward you would have about $1,600 of tax free space left empty in a Roth IRA. You have a 7 month emergency fund, 0 debt, Taxes-married filing jointly, 15% Federal Tax, no state tax.
I would also like to add that I am new at all of this and what our goal would be if it is even possible is to try to take the 35,000 plus 400/month*10years=$83,000 and with the possibility of losing 15% of that then trying to get the $83,000 into around $113,000 to $120,000 range.