Personal Investments • Re: Investing at Current High Market

Thanks for the response. Perhaps I am misinterpreting Bernstein's statement. From The Investor's Manifesto: " A 25 year old is who is actively saving for retirement should get down on his knees and pray for a decades long brutal bear market so that he can accumulate stocks cheaply." I am 47, not 25, but to me the statement seemed to be an implication.

A) Unless you are 100% stock, why would you buy the stock at current high market? You would buy whatever is low in your asset allocation.

B) If you are 100% stock, why would 100% stock makes sense for you at 47 years old?

KlangFool

Thank you for your feedback KlangFool. I think I'm not fully understanding your questions. Only my HSA is in total stock: FSKAX Fidelity Total Market Index Fund. You believe this is an unwise choice at my age(47)?

Thanks.

Opinions from others?

What is your overall Asset Allocation? If it is not 100% stock, why would you buy stock now? You would buy whatever is low in your asset allocation.

KlangFool

Thanks again KlangFool. I came into non-real estate and investing in general fairly late. I chose Total Stock for my HSA because I had read repeatedly it was a good option for HSAs as I plan to use it for a long term investment and not continuously draw from it for expenses. Asset Allocation below:

My age: 47
Currently renting.

401 (k): $28,000
Fidelity Freedom Index 2040 Fund Institutional Premium Class FFIZX
ER: 0.08%

HSA: $7,000
FSKAX Fidelity Total Market Index Fund

Roth IRA: $27,000
Vanguard Target Retirement 2040 Fund VFORX
ER: 0.08%
Maxed out for 2024

CD Account (1 yr @ 5%): $130,000

Cash savings accounts (credit union): $60,000

Rental property duplex #1 (local):
Purchase price : $265,000
Approx. value: $630,000
Balance $130,000
Cash flow/month: $1000

Rental property duplex #2 (out of state):
Purchase price: $200,000
Approx. value: $225,000
Balance: $140,000
Cash flow/month: $200

Remote raw land (out of state):
Value: $20,000
Balance: 0

Statistics: Posted by KlangFool — Fri Jan 05, 2024 6:52 am