I recently gifted 600k cash management account from my parents. Currently, they have been investing in garbage mutual fund with higher expense ratio(track S&P500 but somehow underperformed every year) and Franklin fixed income. They are both 55 so I understand why they invest in fixed income. But I want to invest in 100% equity.
I am 24F(married) and I have no plan to take it out until me and my husband’s retirement.
I’m thinking switching VTI 40% SPHQ 40% some international ETF 20%.
I don’t like VXUS since I don’t feel it’s necessary to hold over 8k of international stocks even it means partial ownership. I really believe in US stock so I would like to keep 80/20 ratio.
Please share your thoughts on what you have been investing in international funds and advice on what to invest with 600k.