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Starter Mutual Funds

Posted on 7/16/13 at 8:15 pm
Posted by STB
Dallas, TX
Member since Oct 2012
1087 posts
Posted on 7/16/13 at 8:15 pm
I have been looking at individual stocks on my own, as well as some that people have mentioned on this board. I feel that I should probably look into more of the mutual funds at my young age to start building on something now as opposed to potentially wasting money I could be compounding now. Any thoughts on some starting mutual funds to look at to start my growth?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 7/16/13 at 8:17 pm to
S&P 500 index if you want simple and effective
Posted by makersmark1
earth
Member since Oct 2011
15741 posts
Posted on 7/16/13 at 9:12 pm to
Pick the lowest expense ratio.

Vanguard often is cheapest.

For ETF's consisder ITOT.
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 7/17/13 at 12:59 am to
There are several posters on this site who disagree with your first statement. They convinced me that you should focus at the returns; the expense ratio is already built in.

Of course, in a downturn, you will lose less with the MF with the lower expense ratio. Right now, with the bond market loses, this would be important.
Posted by makersmark1
earth
Member since Oct 2011
15741 posts
Posted on 7/17/13 at 6:12 am to
Most people are average at any given activity. It is difficult to beat the market.

If you can great, but asset allocation and keeping expenses low requires less decisions than getting in or out of a particular investment.

That being said, I trade some options and stocks attempting to pick winners. Sometimes it works; sometimes not so much.

The pools of money that I passively manage with asset allocation have done just as well if not better than my active choices.
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