Hello all, wanted to get your thoughts on best investment of $360k for an aggressive portfolio for each of my daughters (ages 13 and 15) based on the following:
-Each has Inherited Roth IRA Trust account with balance of $360k.
-Current Allocation: $268k Currently invested in single stocks (35 total), 30% of which are 5 of the Mag 7 (EX TSLA & NVDA) and $92k in Schwab MMKT fund. I’m not married to any of these positions as these were bought by the grantor.
-Want to streamline and not have single stocks (or at least this many), but still want some of this Mag 7 exposure (I’m a big AI proponent but not sure if these equities are frothy right now).
-12-15 year time horizon. Funds must be withdrawn from Roth within 10 years but don’t intend to release to beneficiaries until around age 30.
-Funds in this account are not needed for college or expenses as each daughter has separate sleeves of $600k in conservative, shorter term investments (Also held in inherited IRAs).
Thank you!
-Each has Inherited Roth IRA Trust account with balance of $360k.
-Current Allocation: $268k Currently invested in single stocks (35 total), 30% of which are 5 of the Mag 7 (EX TSLA & NVDA) and $92k in Schwab MMKT fund. I’m not married to any of these positions as these were bought by the grantor.
-Want to streamline and not have single stocks (or at least this many), but still want some of this Mag 7 exposure (I’m a big AI proponent but not sure if these equities are frothy right now).
-12-15 year time horizon. Funds must be withdrawn from Roth within 10 years but don’t intend to release to beneficiaries until around age 30.
-Funds in this account are not needed for college or expenses as each daughter has separate sleeves of $600k in conservative, shorter term investments (Also held in inherited IRAs).
Thank you!
Statistics: Posted by FlawlessTBD — Fri Oct 04, 2024 7:36 pm — Replies 3 — Views 335