Can Wallstreet, Koaj, Depeche, Vermeer and all investment forum regulars, give me some recommendations on a couple mutual funds for someone in their late 50's? Something that is relativley safe and has a long track record of success.
Can you also explain load vs. no load to me? What are some the key factors I need to be looking for when choosing a fund?
Thanks
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Can Wallstreet, Koaj, Depeche, Vermeer and all investment forum regulars, give me some recommendations on a couple mutual funds for someone in their late 50's? Something that is relativley safe and has a long track record of success.
Can you also explain load vs. no load to me? What are some the key factors I need to be looking for when choosing a fund?
You can't go wrong with an index fund that covers the 500 biggest companies in America. Index Funds are low cost, and beat most Actively Managed Funds.... like some of those that are "Load Funds" .
Don't even think of getting into a fund that has a "Load". You pay a certain percentage just to buy in to the fund... or when you sell your shares out of the Fund... Ridiculous !! There are plenty of Funds out there that are solid, low Cost, NO Load.
"Dodge & Cox Stock" is another good Fund to consider.. It is a low-cost, Actively Managed Fund...not an Index like the Vanguard one.. buy they have Good Managers over there with solid track records.
You can't go wrong with either Vanguard or Dodge & Cox.
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"Vanguard 500 Index Fund"
You can't go wrong with an index fund that covers the 500 biggest companies in America. Index Funds are low cost, and beat most Actively Managed Funds.... like some of those that are "Load Funds" .
Don't even think of getting into a fund that has a "Load". You pay a certain percentage just to buy in to the fund... or when you sell your shares out of the Fund... Ridiculous !! There are plenty of Funds out there that are solid, low Cost, NO Load.
"Dodge & Cox Stock" is another good Fund to consider.. It is a low-cost, Actively Managed Fund...not an Index like the Vanguard one.. buy they have Good Managers over there with solid track records.
You can't go wrong with either Vanguard or Dodge & Cox.
Thanks for the responce. Someone else had recommended those funds to me as well. They also mentioned Vanguard Wellington. Do you think this is a solid fund as well?
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Rush51
Thanks for the responce. Someone else had recommended those funds to me as well. They also mentioned Vanguard Wellington. Do you think this is a solid fund as well?
It looks as though it is made up roughly 2/3 U.S. stocks (probably similar to the Stocks in the "Index" Fund).... and 1/3 U.S. Bonds... a solid choice..
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Wellington is a good choice as well....
It looks as though it is made up roughly 2/3 U.S. stocks (probably similar to the Stocks in the "Index" Fund).... and 1/3 U.S. Bonds... a solid choice..
I seriously do not like ANY mutual funds here, I dont like S&P funds, I dont like sector funds, I dont like bond funds.
I would sit tight in cash, at these levels the value just isnt there, and the yield isnt there for a bond fund..let alone the decline you will experience when rates start increasing.
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I seriously do not like ANY mutual funds here, I dont like S&P funds, I dont like sector funds, I dont like bond funds.
I would sit tight in cash, at these levels the value just isnt there, and the yield isnt there for a bond fund..let alone the decline you will experience when rates start increasing.
You may be right, Wall, but then you have to ask yourself a couple of questions and set some goals ;
At what levels of the Dow (both high & low) do you "buy-in" to the market. You can't sit in cash forever. Some people can trade like yourself, but I don't get the impression "the gambler" who started this topic is a trader.
Best advice for 'gambler' is to dollar-cost average your way into this market. As an example, If you have $60k to invest, buy 5k worth of shares each month in fund(s) for a period of 12 months...
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You may be right, Wall, but then you have to ask yourself a couple of questions and set some goals ;
At what levels of the Dow (both high & low) do you "buy-in" to the market. You can't sit in cash forever. Some people can trade like yourself, but I don't get the impression "the gambler" who started this topic is a trader.
Best advice for 'gambler' is to dollar-cost average your way into this market. As an example, If you have $60k to invest, buy 5k worth of shares each month in fund(s) for a period of 12 months...
I am not inferring to day trade retirement accounts or funds, rather that decades of past buy and hold are not how you should invest now.
Bond funds are an absolutely horrible investment right now..rates will go higher and when they go higher, the low rate holdings in bond funds will go down in value since relative to newer higher rate investments, they will have less demand and be worth less..terrible idea to buy into a bond fund at this point in time.
When the market was below 9k we had a discussion about investing and I was very pro-investing at that level..that the risk/reward was worth investing in and it ended up being correct. I also told many here and most people I knew that the economy was being propped during half of Bush II presidency and if she broke 13k to the downside it was time to bail..which was also right.
I dont see long term value in the current market price. There are many stocks at multi and historic highs right now and given our soft economic footing I think the pricing is extremely out of balance and I will not be buying index funds at these levels. I own some stocks but a ton of cash and especially no bond funds.
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Rush,
I am not inferring to day trade retirement accounts or funds, rather that decades of past buy and hold are not how you should invest now.
Bond funds are an absolutely horrible investment right now..rates will go higher and when they go higher, the low rate holdings in bond funds will go down in value since relative to newer higher rate investments, they will have less demand and be worth less..terrible idea to buy into a bond fund at this point in time.
When the market was below 9k we had a discussion about investing and I was very pro-investing at that level..that the risk/reward was worth investing in and it ended up being correct. I also told many here and most people I knew that the economy was being propped during half of Bush II presidency and if she broke 13k to the downside it was time to bail..which was also right.
I dont see long term value in the current market price. There are many stocks at multi and historic highs right now and given our soft economic footing I think the pricing is extremely out of balance and I will not be buying index funds at these levels. I own some stocks but a ton of cash and especially no bond funds.
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