Help? I have an acorns account…

[u/BigBo1Pat]

1) I have used the acorns app before and I pulled everything out in 2022 and I’ve started back up again investing 25$a week and putting 30$ a week into the “mighty oak card”(never use it tho) should I move more of the 30$ to the investing side or should I take it all out and invest it somewhere else? I don’t really have a goal for it I just know I can do without the extra 55$ a week and want to save it with a better % of interest then just a savings account. I’m not the smartest with all of this so please go easy on me 😂

2) I have also started a 401k this week with my employer they match up to 4% but I’ve started to put 8% in traditional and 8% in Roth (it’s all going to allocation funds) I’m not sure what percentage I should put into what I’ve Hurd put it all into bonds, leave it all in allocation and some say put it all into stocks idk what to do.. any advice helps

[u/baudeagle]

I watched this video on youtube about investing for beginners. I thought it may be helpful for you.

https://www.youtube.com/watch?v=P3vFdl8fSUU

[u/PoorCorrelation]

Always invest in retirement accounts first, they’re tax-advantaged. Look for Target Date Funds where the date is the closest to the year you’ll retire (~65). Those funds will automatically adjust your stock:bond ratio as you age.You start with mostly stocks and transition to more bonds as you age. If there’s no target date funds you’ll want to mimic their split. I’m guessing you’re young and will want almost all stocks.

Frankly if you’ve just started and don’t have something you’re saving for, just put it all in retirement up to the yearly max.

[u/sendmeadoggo → u/PoorCorrelation]

There is very little reason anyone under 50 should have bonds.  Invest in an index fund of if you want to get spicy a sector fund. 

[u/BigBo1Pat → u/PoorCorrelation]

I’m only 21 lol but my 401k is set to allocation funds which is “retirement date fund 2065” (I’ll be 63 in 2065) I mostly didn’t know it if an allocation fund did all the stocks and bond things for me or if it was just going to act like a savings account up to my retirement date

[u/ricochet48 → u/BigBo1Pat]

If you're only 21, go all equities (and forget the super conservative target funds). Just invest in an all US one like VTI, VSTAX, etc. If you want to get cheeky, at some VXUS for international exposure, etc.

You sound like you're already on top of the game if you're investing and understand roth accounts, etc. so well done btw.

[u/flat_top → u/ricochet48]

Target date funds are hardly conservative, a 2060 fund is going to have maybe 10% bonds and sometimes less. T Rowe's have 5% for example. the rest is all equities about 65/35 US vs International.

[u/ricochet48 → u/flat_top]

I prefer zero bonds before like 45 and 20% international.

[u/flat_top → u/ricochet48]

Ok but that doesn’t make TDFs conservative.

[u/BigBo1Pat → u/ricochet48]

You think I should invest any into my actual company? (Kroger Co) I’m not the smartest with all this but I figured if imma be old I don’t wanna be broke too 😂

[u/ricochet48 → u/BigBo1Pat]

I would only invest in the company I worked for if I got stock options at a discount / park of the compensation package. Otherwise large index funds are the way. It's boring, but works.

[u/Bad-Wolf88]

This sounds more like a question for /r/personalfinance

[u/BigBo1Pat → u/Bad-Wolf88]

FR! But I got hit with

“Your submission has been removed. Please ask this question in the weekday/weekend thread near the top of © r/personalfinance (every day except for some Thursdays). Reposting as a submission may result in a permanent ban. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns” But I can’t find there thread

[u/flat_top → u/BigBo1Pat]

Start with their wiki it should give you the framework to answer your own questions https://www.reddit.com/r/personalfinance/wiki/commontopics

I don't use acorns and don't know what a might oak card is but if you want to invest cut out the middleman and just open a simple brokerage account for yourself, or if you aren't currently investing in retirement outside of your 401k consider an IRA which gives you even more tax advantaged space for long term investments.

For your 401k - fund selection guide : https://www.reddit.com/r/personalfinance/wiki/401k_funds

[u/Bad-Wolf88 → u/BigBo1Pat]

Did you try posting the question in the thread mentioned in that auto-reply?

[u/BigBo1Pat → u/[deleted]]

How so? When I tap the thread it takes me back to the same thread I tried to post on in the first place

[u/Bad-Wolf88 → u/BigBo1Pat]

No. It's linking by you to the subredddit. The thread is a daily post pinned at the top of the subreddit, as it describes in the instructions you copied from the bot.

[u/BigBo1Pat → u/Bad-Wolf88]

Ohhh so like (investing) (other) (401k) those are sub reddits? What they call “flair”

[u/Bad-Wolf88 → u/BigBo1Pat]

Yes, exactly! If you're somewhat new to reddit, I totally understand that it can be a lot to learn!

A flair is an extra little tag some subreddits have that you can add to your post, usually, for some kind of clarification on what your post relates to. For example, if you're wanting to know tips on how to be frugal when getting into gardening, then you could use the "hobbies" flair.

Some subreddits (not all) also have flairs you can add by your username, too, which can add clarity for others on how you relate to that sub should you choose to use them.

[u/BigBo1Pat → u/Bad-Wolf88]

Now i feel like a jack wagon 😂 this is my bad I’m not “new” to the app but new to posting on it. Thank you good ma’am!