investment strategy for a 20M college kid with $5k portfolio
hi! I am a 20M college student with a part-time job. I plan to be in school till my PhD so it will be some while until I have a high paying full-time job. I have been investing for 2 years now (my mom made me open my brokerage account when I turned 18) and she gave me $500 to invest. ever since then, by earning for myself for about 2 years now, I have been able to reach a portfolio value of ~$5K through monthly contributions of my own. it’s not a lot but I am slowly adding to it. I am fortunate that my college costs are taken care of by my parents and so I will graduate with no debt.
I have been advised to open a Roth IRA but I honestly don’t make enough yearly to contribute entirely and I don’t know much on how to get started there or if it’s useful for me at the moment.
I expect to make roughly 9K this summer from an internship and did consider putting lump sum into my portfolio but then comes the question of whether it’s better off for me to use that money for myself or to be a little frugal and put it all into my investment account. Need for HYSA? emergency account?
one of my doubts was whether I am too aggressive in my strategy and if I should pull back so that I don’t experience much volatility. my picks have only been broad tech (FTEC) and semiconductor companies (AMAT, TSM, ASML, AVGO, LRCX, KLAC) along with a general SPYM ETF and a little bit of VXUS and BRK.B. Yes, I am aware of the overlap in my portfolio and I decided I am okay with being concentrated in a few companies.
But I am open to hearing ways in which I could learn whether my strategy is ill-informed or if it requires tweaking. Please feel free to critique my choices, most of you have been in the market longer than I have.
thanks and happy Friday!