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Anyone like to help me out with a mutual fund?

Posted on 12/12/12 at 12:13 pm
Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 12/12/12 at 12:13 pm
I have a small roth ira built with $6,100. Any recs on a good mutual fund? I'm not too smart with the market and some options here.

I don't want to money just sitting in my account like it currently is.

Posted by wegotdatwood
Member since Aug 2009
17094 posts
Posted on 12/12/12 at 12:16 pm to
Or with this small amount should I just put it in a blue chip stock that has a divi? Ex. XOM or KO
Posted by gatorsimz
cafe risque
Member since Feb 2009
8135 posts
Posted on 12/12/12 at 5:14 pm to
A lot of people like Vanguard because of their low fees. Besides them, I like American Funds. They have lower than average fees and have proven funds.

What's your timeline for investing? Less than 5 years? 5-10? 10+?
Are you willing to take on more risk for a potentially higher return?
What's your reason for investing in mutual funds?
Posted by Hand
far side of the moon
Member since Dec 2007
2064 posts
Posted on 12/12/12 at 6:19 pm to
look into total market etfs
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