You've probably been seeing a lot of different investment platforms pop-up across my posts and have been thinking, "When will it end?". Well, it isn't going to end anytime soon. I have my investments spread out across a lot of different account types and across a lot of different platforms. Today I want to focus on my 401(k). Currently, I get a 6% match my from employer. It is Dollar For Dollar on the first 4% that I contribute from my check, and then they do 50 Cent for Dollar on the next 2%. I never contribute anything over what my company is able to match. This is because this account isn't the most tax-efficient and I will be hit heavily with taxes on this later in life. Because of this, any extra money I want to invest into a retirement account, I'll put into a Roth IRA since it is taxed up front and free from taxes later in life.
Anyway, enough about the mechanics of the account, let's dig into what purchases I made from this pay period. I am a salaried employee and I get paid every two weeks. So (basically) twice a month I get to contribute to my 401(k). I am currently contributing to 3 different Fidelity funds within my account. One is a Target Date fund (my target retirement date is 2060), an S&P500 Index fund, and a Growth fund.
Below I will list the fund, the amount of invested into that fund, the number shares that I added, and then the total number of shares that my account currently has.
- Fidelity 2060 Fund - $33.99 - 2.71 shares - 1557.699 total shares
- Fidelity 500 Index Fund - $34.01 - 0.30 shares - 18.963 total shares
- Fidelity Growth Fund - $158.69 - 7.18 shares - 162.877 total shares
This was a total of $226.69 worth of stocks added to my portfolio this pay period. This is pretty much what we will continue to see going forward until I get a pay raise or I choose to change my investment strategy. You'll be able to see how prices change for each share over time and how I am able to keep accumulating more total shares.
Be sure to let me know if this type of post is interesting or insightful or if you'd like to see something else added. I am thinking of adding actual values of these holdings, but for this first post I did not want to add too much information.
