What do Millennials invest in?

I hear this question a lot, “as a Millennial, what exactly should I invest in for retirement?”

A lot Millennials aren’t sure which mutual funds or ETFs they should be investing in for the greatest success. I am a Millennial and I’m very proud of my personal performance on my retirement portfolio, which I’ve 100% managed myself.

My personal rate of return since I began investing in 2008 is 9.8%. I am my own financial advisor because I don’t want to spend the money on one. And I strongly believe you should be too.

What I invest in for retirement as a Millennial

My work Roth 401(k) retirement account

  • Vanguard 500 Index Fund Admiral Shares (VFIAX)
    • Expense ratio = 0.05%
    • % of my work Roth 401(k) = 55%
  • Vanguard Extended Market Index Fund Admiral Shares (VEXAX)
    • Expense ratio = 0.09%
    • % of my work Roth 401(k) = 25%
  • Vanguard LifeStrategy Conservative Growth Fund (VSCGX)
    • Expense ratio = 0.14%
    • % of my work Roth 401(k) = 20%

My Roth IRA retirement account

  • Vanguard Target Retirement 2040 Fund (VFORX)
    • Expense ratio = 0.16%
    • % of my Roth IRA = 100%

My wife’s Roth IRA retirement account

  • Vanguard Small-Cap Value Index Fund (VSIAX)
    • Expense ratio = 0.08%
    • % of Roth IRA = 42%
  • Vanguard REIT Index Fund (VGSLX)
    • Expense ratio = 0.12%
    • % of Roth IRA = 40%
  • Vanguard Target Retirement 2040 Fund (VFORX)
    • Expense ratio = 0.16%
    • % of Roth IRA = 18%

Overall my asset allocation mix is 90% stocks and 10% bonds. I know I am very aggressive with my investment mix, but I feel strongly about that aggression as a Millennial, considering I have just under 30 years before I will retire (hopefully by the age of 60). I will begin to get more conservative as I hit 40 years old.



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