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Seeking mutual fund recommendation

Posted on 3/13/24 at 9:52 am
Posted by BankLSU
71201
Member since Nov 2005
739 posts
Posted on 3/13/24 at 9:52 am
I am 50 years old and need to invest $65000 in IRA money. I would like to hear what funds you peeps recommend...
Posted by Sir Saint
1 post
Member since Jun 2010
5323 posts
Posted on 3/13/24 at 10:11 am to
not enough info in your post for anyone to give a reasonable recommendation. Need to know time horizon, risk tolerance, goals for the money (growth vs. preservation of capital vs. retirement income vs. hand down to kids in estate etc), portfolio allocation of other accounts if applicable. Not really an easy question to answer without more deets
Posted by BankLSU
71201
Member since Nov 2005
739 posts
Posted on 3/13/24 at 10:19 am to
10 -12 YEAR time horizon, Growth, goal is to supplement additional retirement money in 401K
Posted by Sir Saint
1 post
Member since Jun 2010
5323 posts
Posted on 3/13/24 at 11:39 am to
In this case, can't go wrong with a US total market, low expense fund like VTSAX or FSKAX
Posted by BankLSU
71201
Member since Nov 2005
739 posts
Posted on 3/13/24 at 12:48 pm to
Thanks
Posted by agdoctor
Louisiana
Member since Dec 2004
3142 posts
Posted on 3/13/24 at 1:52 pm to
Warren Buffet says an S&P 500 fund. He has a pretty good track record to say the least. Thais morning I added VT ETF. Total world market index with 0.07 fees.
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
4969 posts
Posted on 3/14/24 at 10:52 am to
Highest rated Vanguard was my go to over 30 years and have done well

I always looked at Berkshire Hathaway as mutual fund (done best with it)
I'd split 3-4 ways in different highly rated products
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