TikToker shares his retirement plan, stock choices
Saw this post about a TikToker that tracks his retirement savings and gives personal investing advice; what do you think about his portfolio and strategy?
TikTok influencer Austin Hankwitz set a retirement goal to reach $2 million in eight years. (but he said it might take up to 15.)
He's using a regular brokerage account and a solo 401(k) with pre- and after-tax advantages.
He began his journey in 2020 and now has over 700,000 followers on TikTok. Hankwitz ideally wants to reach that number in eight years, but he's open to the possibility that it could take up to 15 years.
He has broken down his allocation to stocks to prioritize growth, putting away $10-$15k a month!! He has $120,174 saved away across brokerage and retirement accounts. Within his brokerage, he invests in:
25% technology stocks in big names like $Amazon(AMZN.US$, $Apple(AAPL.US$, Microsoft, Meta, Tesla, Google, and Salesforce.
25% in risky stocks, brands he likes like Costco that arent massive market caps.
15% in S&P 500 trackers like Vanguard S&P ETF.
His retirement account is 63% ETFs and the remainder in stocks that appear in his brokerage.
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71268049 : With $120,000 to start and depositing $12,000/month he’ll need to earn on average around 11.2% to hit 2 million in 8 years if my calculations are correct.
He’s young, so he can afford more risk. Not sure about the ratios he’s using, but I like it conceptually. I guess I’d be looking for some international investments in the portfolio too.
I’m a newbie, so I’d really enjoy someone with real experience analyze things.