I agree with JimOhio. . .I should keep this on notebook since I post it so much here but you can use my system, not as a template, but just to get the idea of one person's "system." Your system will be different because I'm not you and you are not me, of course.
TIER 1: $0-14,999 1 Mutual Fund/ETF
TIER 2: $15-$49,999 2 Mutual Funds/ETF's
TIER 3: $50,000- 99,999 3 Mutual Funds/ETF's
TIER 4: $100,000-499,999 4 Mutual Funds/ETF's
TIER 5: $500,000+ 5 Mutual funds/ETF's
I am nearly close from crossing from Tier 3 into Tier 4.
(If I have a gain this year, I will cross)
IMO, a Target Fund isn't necessary at amounts lower than 20K or so, unless you are talking college.
|