Quote:
Originally Posted by ULOST2AKID
Country: USA
Age: 19
Income: I'm a full time student with no "real" job. My poker income varies greatly, figure at least 1k-2k/month
Amount Available to Invest: Right now I have 8k in Fidelity Asset Manager 85% (FAMRX) I also have 6k in savings and 13k in online poker. I would say the total amount I want to invest is 10k (8k of which is in that Fidelity fund that I would be willing to move)
Risk Tolerance: High, I want to invest aggressively
Debt: Zero
With your income being unstable (gambling)
and low, you definitely need to establish an emergency fund that is for EXPENSES ONLY. Your 'roll needs to be considered completely separate.
So I'd keep that $6k in savings as your emergency fund.
Investing aggressively with high risk tolerance I would consider looking at something like
5% US Total Stock Market (Vanguard ETF:VTI)
10% Emerging Markets (Vanguard ETF: VWO)
15% US LargeCap Growth (Vanguard ETF: VUG)
20% US SmallCap Value (Vanguard ETF:VBR)
25% World Stock ex-US (Vanguard ETF: VEU)
25% US SmallCap Growth (Vanguard ETF:VBK)
This is a slight departure from something I would normally suggest to consider. Its growth tilted and roughly 67/33 US/World. I normally suggest more value tilt and less US - but I decided to take a turn from the usual for a change.