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Should I diversify my mutual fund holdings?
Posted on 1/6/14 at 5:47 pm
Posted on 1/6/14 at 5:47 pm
Currently have a fair chunk of money in Vanguard's VSMGX fund. I'm not unhappy with it's performance, but should I spread future investments around between different funds? Or is this diverse enough in it's own right?
To the extent it's relevant: aside from this account, my 401k is maxed and I don't qualify for Roth.
To the extent it's relevant: aside from this account, my 401k is maxed and I don't qualify for Roth.
3
Posted on 1/6/14 at 9:28 pm to Thomas Hudson
What exactly do you mean by "diversify"? Just spreading your investments around multiple funds isn't necessarily diversification.
In finance, "diversification" refers to investing in a variety of assets that have returns that tend not to move in synch with each other. So if you have one fund that invests mostly in US blue chips, buying a second fund that does essentially the same thing doesn't really do that much for you.
In finance, "diversification" refers to investing in a variety of assets that have returns that tend not to move in synch with each other. So if you have one fund that invests mostly in US blue chips, buying a second fund that does essentially the same thing doesn't really do that much for you.
Posted on 1/7/14 at 9:47 am to Thomas Hudson
quote:
I don't qualify for Roth.
I need this problem
Posted on 1/7/14 at 10:22 am to Thomas Hudson
quote:
I don't qualify for Roth.
Research back door Roth IRA conversion strategy
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