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If you were under 30 years old & had $5,000, which mutual fund would you invest?
Posted on 9/2/14 at 1:22 pm
Posted on 9/2/14 at 1:22 pm
Ok, I'll change the question so that maybe someone might chime in with their two cents.
- Under 30
- $5000 to invest
- don't know anything about the market
I started a Roth IRA Mutual Fund when I was a teenager and have added a little money here and there in the years since.
I have about $5,000 I'd like to invest, and I think it might be best to simply add into my Roth IRA. Someone recommended getting a Vice Mutual Fund, and a couple other people mentioned Vanguard.
Just looking for a couple random opinions.....speak your mind.
- Under 30
- $5000 to invest
- don't know anything about the market
I started a Roth IRA Mutual Fund when I was a teenager and have added a little money here and there in the years since.
I have about $5,000 I'd like to invest, and I think it might be best to simply add into my Roth IRA. Someone recommended getting a Vice Mutual Fund, and a couple other people mentioned Vanguard.
Just looking for a couple random opinions.....speak your mind.
This post was edited on 9/4/14 at 5:52 pm
7
Posted on 9/4/14 at 5:52 pm to UFownstSECsince1950
Bump and topic edited slightly.
Posted on 9/4/14 at 6:05 pm to UFownstSECsince1950
Add to the Roth.
What type of fund is the Roth in currently? (What's the ticker?)
What type of fund is the Roth in currently? (What's the ticker?)
Posted on 9/4/14 at 7:07 pm to UFownstSECsince1950
VTSMX
Posted on 9/4/14 at 9:33 pm to UFownstSECsince1950
I've been pumping into my Roth ira. If I Max that Ill then go into a taxable
Eta: I did a target date fund
Eta: I did a target date fund
This post was edited on 9/4/14 at 9:33 pm
Posted on 9/4/14 at 9:43 pm to UFownstSECsince1950
Pvsyx or whatever share class you can buy. If you want something a little more conservative I would suggest GLRIX or whatever share class you can get.
Posted on 9/4/14 at 10:37 pm to jimbeam
I second VTSMX. It's up 6.67% since April.
Posted on 9/4/14 at 11:17 pm to LSUGUMBO
Can't go wrong with Vanguard Healthcare, or T. Rowe Healthcare or Fidelity Healthcare.
Obamacare means more money on the skreets, plus a Boomer hits age 65 every 9 seconds - profit.
I did.
Obamacare means more money on the skreets, plus a Boomer hits age 65 every 9 seconds - profit.
I did.
Posted on 9/5/14 at 7:37 am to UFownstSECsince1950
I just put money into VFINX.
If you want, you could put $2000 into the current Roth and then use the $3k to open a new account. But that depends on how much you plan on adding each month.
If you want, you could put $2000 into the current Roth and then use the $3k to open a new account. But that depends on how much you plan on adding each month.
This post was edited on 9/5/14 at 7:37 am
Posted on 9/5/14 at 7:50 am to UFownstSECsince1950
my free advise...
I agree with other posters on VTSMX. It is an excellent choice for someone like you who is young and not going to manage investments day to day. You're basically investing in the total market, which beats almost all funds and money managers over time.
good luck
I agree with other posters on VTSMX. It is an excellent choice for someone like you who is young and not going to manage investments day to day. You're basically investing in the total market, which beats almost all funds and money managers over time.
good luck
Posted on 9/5/14 at 8:18 am to Ole War Skule
quote:
over time
What does this mean?
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