Hello all, I was wondering if I could get some feedback on my current investment strategy.
Disclaimer: I have my emergency fund fully funded in cash in my savings account.
I am in my early 20s and intend to use my individual Roth IRA to hold more growth oriented companies to maximize tax free capital gains (i.e. Google, Salesforce, Crowdstrike, etc.). I know that market is volatile rn with Russia, inflation and interest rates, but I am okay with the volatility since I'm young and I DCA into those stocks every week.
My individual taxable account I want to use as sort of a counter-balance to my Roth and hold more steady, dividend growth stocks and safety stocks that perform well in inflation/rate increase period (i.e. financials, regional banks, energy, etc.). Again DCA into this portfolio every week
Lastly, my job provides a self directed Roth 401k that they match and I intend to use that as a Quadfecta portfolio since QYLD distributions are now being considering income this tax season.
Thoughts? Any way to optimize this for taxes or gains?
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