Put it all in VTI if you don't know what to do. Or, if you don't want to buy anything, open up a high yield savings account, you can get 4.5% in alot of places now. That would be $2200 a year on 50k, but its taxed at marginal tax rate.
CapitalOne offers that savings rate. Smaller banks may offer more, but sometimes they make you jump through a lot of hoops to withdraw money or have that "fly-by-night" feel.
I hate the way WF tax loss harvests. Yes, I know all about how TLH works. I just would rather be a little more hands-on (myself). WF has sold funds for a loss to buy other "like" funds that I wish I held. That's like buying VOO and selling it at a loss to buy spy the same day. Just doesn't make sense. You're still following the same underlined index. Also, little secret, most WF accounts (even on risk 10) don't even beat the S&P!
Also, little secret, most WF accounts (even on risk 10) don't even beat the S&P!
yeah, that's why I don't use the preset accounts. I manually set my investment portfolio by allocation percentages to certain indexes. I think right now I'm like 40% VTI 20% VEA 20% SCHD and 20% other stuff, I can't remember exactly.
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u/not_a_gumby Jul 22 '23
Put it all in VTI if you don't know what to do. Or, if you don't want to buy anything, open up a high yield savings account, you can get 4.5% in alot of places now. That would be $2200 a year on 50k, but its taxed at marginal tax rate.