Sup Friends.
With the year ending and dividends/capital gains/401K company match (100% up to 8% of my salary at $110K/year), I'm looking to change up future contributions and move some money around as well as see what everyone's 2023 outlook is and possibly a thumbs up/down on the plan below.
Current break down of my Fidelity 401K ratios is:
Fidelity 500 Index (FXAIX) — 45.25% — YTD: -18.03%
Vanguard Growth Index (VIGIX) — 33.90% — YTD: -32.97%
Fidelity Freedom 2050 K6 (FZTKX) — 20.85% — YTD: -18.00%
FZTKX pays out dividends/capital gains on 12/30/22. Thinking about closing out FZTKX and moving it all into VIGIX as we are basically at Oct/Nov lows and have a feeling the worst is behind us with a lot already priced into the market and TSLA basically in capitulation mode. Also, of course, AAPL could always break the $130 resistance and drop a considerable amount, but somehow, AAPL always seems to surprise on earnings and this could be the turn around the market has been looking for; hence, I feel VIGIX will come back a considerable amount this year.
For the company match, which should be around $8-9K, I'm torn between a 50/50 split of FXAIX (can't go wrong with S&P 500) and VIGIX or 50/50 split with FXAIX and Vanguard Value Index VVIAX. VVIAX is only down roughly 5.0% for the year and has shown serious strength (same as the DOW) but I've never really been a value stock investor and don't have too much knowledge on how they tend to perform in current economic conditions and long term outlook. Would it be worth starting a potential steady and modest value index play or try to catch the rebound with growth?
Appreciate any and all feedback.
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