Part of my FIRE investing strategy is to buy stocks and bonds in taxable accounts. This is money that I will pull from in my early years of retirement, since I won't be able to touch my retirement accounts for nearly a decade after calling it quits.
For this I've got money invested in both Betterment as well as M1 Finance. In my M1 Finance account I've played around with investing in individual stocks a lot, same with random mixes of different index funds. But I hit a point where I wanted to set it and forget it the best that I could, so I dug in to determine what mix I was comfortable with.
This is the mix that I landed on as a result:
Rewards Card Slice (5%):
I use the M1 Finance Owners Rewards card for a lot of my purchases. With this card you can earn significant cash back from certain stores, as long as you own stock in the company as well. So part of my M1 Finance portfolio is a slice dedicated to these companies.
There are WAY too many companies to list here. If you're curious about what all companies are included then click here to dig in a bit deeper.
Dividends Slice (5%):
Do I love dividends? Nope. Do I like them enough to add a small position to my portfolio? Absolutely! I think it's a sound diversity play to have a few funds that target high dividends to your portfolio.
I've got this spread over 10 different funds to help keep it mixed up a bit.
3 Fund Portfolio Slice (90%):
The last slice of my PIE makes up the bulk of my PIE. This is a 3 Fund Portfolio slice that I got from Rob Berger. Oh man is this one boring! But boring is good when it comes to where I want to put the bulk of my money.
Here's a breakdown of the 3 funds that make up this Slice, and their associated weightings:
Here's a link to my overall PIE where you can see all of this broken down first hand.
In the past I've used Robinhood, Schwab, Fidelity, SoFi in addition to Betterment and M1 Finance. Of all of them M1 is by far my favorite, and where I will be making the vast majority of my stock purchasing moving forward.
Feel free to share your PIE in the comments below for others to find and potentially copy!
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Personal Capital: My go to place for tracking all things Net Worth.
YNAB: My go to place for managing my spending and budget.
Betterment: I use this account for general investment purposes.
M1 Finance: I use them for my dividend stock investments.
Greenlight: How I manage my kids allowance.
ANote Music: One of the ways I invest in Music Royalties.
Venmo: How I send money.
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As always this blog is meant for entertainment. I'm not a financial advisor in any way, shape or form. Anything I suggest here will need your own due diligence.