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re: Brand new to Stock Market
Posted on 1/21/16 at 10:24 am to Tiger at Law
Posted on 1/21/16 at 10:24 am to Tiger at Law
Because I would not suggest having all 100% in all US equities. I will be the first to admit that I have not researched that fund very extensively. However, I would prefer to have some international exposure as well as some fixed exposure. Maybe pick VWINX as well. Just my opinion.
1
Posted on 1/21/16 at 10:25 am to jimbeam
Correct, but automatic dividend reinvestments don't pay loads.
Posted on 1/21/16 at 11:05 am to Janky
Can you not justify a load fee if the track record has proven it worthy? I mean I understand most passive funds will eventually surpass returns on active funds, however there are some funds out there, this one in particular that have stellar track records.
This might be worthy of a seperate thread too but in your opinion is it always about max return or about risk mgt as well?
This might be worthy of a seperate thread too but in your opinion is it always about max return or about risk mgt as well?
Posted on 1/21/16 at 11:11 am to DrewDawg13
LINK
Look into the Vanguard life strategy funds. They do automatic re-balancing. It doesn't sound like you want to be micro managing your funds.
Look into the Vanguard life strategy funds. They do automatic re-balancing. It doesn't sound like you want to be micro managing your funds.
Posted on 1/21/16 at 11:17 am to Shepherd88
quote:
Can you not justify a load fee if the track record has proven it worthy?
Sure, performance always trumps fees to me because performance is net of fees. Of course, most here will say past performance is not indicative of future performance but that is another thread.
quote:
is it always about max return or about risk mgt as well?
In my opinion it is about risk management first then performance.
Posted on 1/21/16 at 11:26 am to Tiger at Law
quote:
Mutual funds are already going to be pretty diverse, right? Why do you suggest investing in 4 or more? Are you suggesting a variety of more narrowly focused funds?
Four is kind of the "finger in every pie" number if you want to personalize your ratios. You would have one fund that broadly tracked US domestic equities, one that tracked international equities, one that tracked US domestic bonds, and one that tracked international bonds.
Basically, look at Vanguard's Target Date funds: LINK
I'm relatively young, so I have zero bond exposure. I'm currently invested 75% in VTSAX and 25% in VWIGX (note: I wanted my international exposure to be extremely broad, but not fully index, thus not going with VGTSX).
ETA: For the sake of full disclosure, I also have a substantial position in AGTHX, but that's simply due to limited options via my employer. I wouldn't invest in a fund that actively managed if I had my druthers.
This post was edited on 1/21/16 at 11:32 am
Posted on 1/21/16 at 12:02 pm to jimbeam
quote:
That mutual fund has a front load, expense ratio(albeit a fair one considering it's an active managed fund) and then likely some kind of management fee to the advisor each year.
yep. Edward Jones does this. They MIGHT give you a discount on the front end load but you still have high expense ratios for funds and they hit you with a annual fee pertaining to your IRA. yes indeed. Been there done that.
Posted on 1/21/16 at 12:12 pm to Shepherd88
quote:There are too many no-load funds available which perform as well as or better than load funds with similar investment objectives to justify buying a 5% load fund.
Can you not justify a load fee if the track record has proven it worthy?
Posted on 1/21/16 at 12:12 pm to DrewDawg13
Go see an advisor. If anything he/she will be someone to talk you out of selling out of your investments when things look bad as they do now.
Posted on 1/21/16 at 12:18 pm to DrewDawg13
Posted on 1/21/16 at 12:40 pm to Fat Bastard
quote:
They MIGHT give you a discount on the front end load
They have no control over the loads. The loads are set by the fund company. The only discounts you can get are breakpoints that all investors get.
quote:
they hit you with a annual fee pertaining to your IRA
Most brokerage firms do this. It is an annual custodial fee.
And no, I don't work for Jones I have just been in the business for a long time.
Posted on 1/21/16 at 12:41 pm to DrewDawg13
Put the money in a savings account until you have finished reading A Random Walk Down Wall Street by Burton Malkiel. After you have read that, do what everyone else has recommended: select a few index funds from Vanguard and let it ride.
A Random Walk Down Wall Street
Happy Investing
A Random Walk Down Wall Street
Happy Investing
Posted on 1/21/16 at 1:15 pm to DrewDawg13
As someone mentioned wait until elections are finished. Only God knows where the bottom will settle in this market. The bad news hasn't even been released yet, but we know retail is at its lowest point since 2009.
Keep your powder fresh and average down when you do decide to buy.
Keep your powder fresh and average down when you do decide to buy.
Posted on 1/21/16 at 1:43 pm to Rakim
This has been discussed already, just bc Wal Mart announced they were closing 200 something odd stores and you didn't hear about the 300 new ones they're opening doesn't mean retail is down. Look at Amazon sales. This economy is shifting into a new age since '08
Posted on 1/21/16 at 2:04 pm to Janky
quote:
They have no control over the loads.
It's been awhile and you're right, I should have said fund.
quote:
The only discounts you can get are breakpoints that all investors get.
quote:
and, as I said I've gotten them before.
quote:
I have just been in the business for a long time.
never said you hadn't been.
This post was edited on 1/21/16 at 2:09 pm
Posted on 1/21/16 at 2:42 pm to DrewDawg13
Open a Vanguard account.
Allocate between the following
VWO (emerging markets ETF)
VDE or EWC (energy and/or energy and Canadian banks)
VFH (financials ETF)
VAW (materials ETF)
All are severely beaten down. You can't lose.
Allocate between the following
VWO (emerging markets ETF)
VDE or EWC (energy and/or energy and Canadian banks)
VFH (financials ETF)
VAW (materials ETF)
All are severely beaten down. You can't lose.
Posted on 1/21/16 at 4:07 pm to Rakim
What wait until elections are finished? Election years are typically good years.
Posted on 1/21/16 at 5:17 pm to Shepherd88
quote:
This has been discussed already, just bc Wal Mart announced they were closing 200 something odd stores and you didn't hear about the 300 new ones they're opening doesn't mean retail is down. Look at Amazon sales. This economy is shifting into a new age since '08
Just because Wal-Mart has gone from $90 to $60 in the last year doesn't mean retail is weak??? Just because overall retail is lowest since '09 doesn't mean you shouldn't have bought at $90 a year ago? If you held to $60 today then you should hold longer, right?
Do you guys even read financials?
Posted on 1/21/16 at 5:23 pm to Janky
quote:
What wait until elections are finished? Election years are typically good years.
I'm simply saying, there is no rush to put money in this market. There is a lot of bad news that hasn't been released yet. Those who waited for the market bottom last time have done well over the past 6 years. Do you really believe this market has bottomed?
Posted on 1/21/16 at 5:26 pm to Rakim
Who knows? I can almost promise you that when the bottom came last time most missed it because they thought it was going lower.
This post was edited on 1/21/16 at 5:28 pm
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