Recommend some mutual funds for new Roth IRA | TigerDroppings.com

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hoghunter
Troy Fan
OverThere, US
Member since Jan 2007
1035 posts

Recommend some mutual funds for new Roth IRA


You're starting a Roth IRA. You're 27 years old with a decent tolerance for risk. Your account is with Scottrade. What mutual fund(s) are you getting into for the long term?






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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
12940 posts

re: Recommend some mutual funds for new Roth IRA


Look into Vangaurd 500 index, as well as American Funds growth, growth and income, and international growth.





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jmtigers
Southern Miss Fan
1826.71 miles from USC
Member since Sep 2003
3617 posts

re: Recommend some mutual funds for new Roth IRA


I'd say just open the roth with vangaurd and look at vanguard total stock market index or their star fund if you have less than $3k to start out with.





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matthew25
Ole Miss Fan
Member since Jun 2012
3367 posts

re: Recommend some mutual funds for new Roth IRA


Don't most American Funds charge 5.75% fee up-front?

American Funds is good, but you can get same or better with the other major players - Vanguard, Fidelity, Pimco, T.Rowe, etc.






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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
12940 posts

re: Recommend some mutual funds for new Roth IRA


quote:

Don't most American Funds charge 5.75% fee up-front?

American Funds is good, but you can get same or better with the other major players - Vanguard, Fidelity, Pimco, T.Rowe, etc.


Yes, they carry a heavy front end load, which can be reduced with large investments. But, over the long term, American Funds has outperformed it's peers and their returns have more than made up for the up front cost. Plus I think they may be load waived if they're invested in a roth, not sure though.






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Maniac979
LSU Fan
The Great State of Texas
Member since Jan 2012
400 posts

re: Recommend some mutual funds for new Roth IRA


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This post was edited on 1/12 at 8:29 pm


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Maniac979
LSU Fan
The Great State of Texas
Member since Jan 2012
400 posts

re: Recommend some mutual funds for new Roth IRA


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This post was edited on 1/12 at 8:29 pm


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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
12940 posts

re: Recommend some mutual funds for new Roth IRA


quote:

Why don't you recommend any ETFs?


I responded with my opinion on this in another thread. I'm beginning to think you work for a brokerage, lol.






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gatorsimz
Florida Fan
cafe risque
Member since Feb 2009
5380 posts

re: Recommend some mutual funds for new Roth IRA


I recently found the Fidelity Contrafund (FCNTX). It's a nice large blend fund. Incepted in 1967 and has returned an average 12.16% since. The fund manager has been on it since 1990.







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Maniac979
LSU Fan
The Great State of Texas
Member since Jan 2012
400 posts

re: Recommend some mutual funds for new Roth IRA


(no message)


This post was edited on 1/12 at 8:28 pm


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