After seeing a lot of investment threads, I thought I'd see what recommendations y'all had. I contribute the full amount into my 401K from work plus I get profit sharing from my company. I've got 200K + in my 401 in 7 years so I feel I'm doing good there. I'm am starting to put $1,000 a month into mutual funds that are somewhat aggressive. My question though is this the right thing for this money to be going into? I've seen a lot of Roth IRA talk and I'm not that familiar with them. My company just started offering a Roth 401 for us and I've thought about starting that too. Forgot to add that I'm 30 years old. I feel like I will get the best advice from you guys so thanks for any and all help.
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Not an investment guru by any means. I do have one mutual fund which has performed very well since 1984.
Check out VGHCX. It's Vanguards Health Care Fund. Make your own decision after researching this fund.
Always remember it is time in the markets, not market timing.
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I recommend talking to a financial advisor. I think Shane and Burnadell are FAs and there may be others on here.
Also who has your company 401k or IRA? For example Charles Schwab, Fidelity, etc. Who ever it is, you likely have an account with them and can speak to one of their advisors/consultants for free.
Me personally, I am not a big fan of mutual funds but recognize their value for those who want to invest without doing it themselves. I like trading stocks and options so I trade myself. The 2 mutual funds that I'm in are international funds since I don't know those markets.
Btw if you are 30, have 200k+, and now looking to do more, you are in good shape and will be better than most of your friends in retirement. Great job!Comment
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Exactly what I was thinking.Originally posted by BigL View Post
Very good job and a great start for your age.Comment
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Like what is said above we can give you advice. But without looking at your entire portfolio they are just blank recommendations. You are doing grata for your age being that you are only 30. With that said an FA could really help you maximize your returns. You seem to be a pretty sharp guy. I would suggest getting to know about stock and then after you have a firm grasp on that look at options. You could prob make a profit on some of your money and prob enjoy it too. I'm im school right now and pay tuition in cash but still take out the full loan amount every semester bc I have 3x the yield on that money by investing it than what the interest rate is. Given that is very risky bit something that is in my comfort zone. Just some thoughts.Comment
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I'm starting the additional investment for the mutual funds with a local company here in Stephenville called BMY. I went to them to do my taxes and really felt comfortable with them. I guess my biggest question though is if it were y'all would you be sticking the additional money in mutual funds or would you be putting it in something else.Comment
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