Payday Plan Post 8/14/2020…

“The big money is not in the buying or selling, but in the waiting” – Charlie Munger –

It’s pay day… YAY! A portion of what I earn is mine to keep. Time to document the investments I’ll be making from this payday…

  • 401k contribution $137.36 – current value $15,416.05
  • Fidelity brokerage account $50 – current value $38.70
  • Acorns Roth IRA $10 – current value $89.15
  • Acorns Invest account $10 – current value $131.56

I’m not putting a lot towards investments currently since I’m paying down debts. But the goal is to pay myself first each payday and put that money to work before anything else.

I’m planning on purchasing another share of the ARKF etf (equity traded fund) and keeping the remaining amount as dry powder for future stock/eft acquisitions. I’ll be setting a limit buy price of $36.50.

The acorns Roth IRA account is age based that’s currently diversified as follows:

iShares 1-3 Year Treasury Bond ETF (SHY)20%

iShares Inv Grd Corp Bond ETF (LQD)20%

Large Company Stocks (VOO)29%

Vanguard Small Cap ETF (VB)10%

Vanguard Emerging Markets ETF (VWO)3%

Vanguard REIT Index ETF (VNQ)6%Vanguard

FTSE Developed Markets ETF (VEA)12%

The acorns investment account is set at moderately aggressive and diversified as follows:

iShares 1-3 Year Treasury Bond ETF (SHY)10%

iShares Inv Grd Corp Bond ETF (LQD)10%

Large Company Stocks (VOO)38%

Vanguard Small Cap ETF (VB)14%

Vanguard Emerging Markets ETF (VWO)4%

Vanguard REIT Index ETF (VNQ)8%

Vanguard FTSE Developed Markets ETF (VEA)16%

You can create your own acorns account by clicking here.

Not only will I be adding to the acorns accounts each payday but I’ve also set it up so that on the 1st of each month $10 will be automatically withdrawn from my checking account and put into the acorn accounts.

I’ll be making this a regular post that will be updated each payday.

Be sure to keep track with me and if you’d like, share your payday plan in the comments section below.