Does anyone have any experience investing with T.Rowe Price? Specifically one of their retirement funds? I want to open up a Roth Ira and noticed T.Rowe Price has retirement funds that mostly consist of stocks and they watch the peformance for you. I do not have time nor the expertise to pick and choose and monitor my allocation. I am 26 years old if this helps. Any informative advice would help, thank you.
2006-09-28 13:00:06 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
I have looked at their Retirement 2045 fund. Their "retirement" funds are also known as "life-cycle" funds. Basically, the fund's portfolio manager will adjust the fund's investment allocation over time. For example, the 2045 fund starts the investor off with at least a 90% investment in stocks and the other percentage is in bonds. Over time, the allocation will shift from aggressive to more conservative (i.e. less stocks and more bonds/cash).
You basically choose the fund that is closest to when you plan on retiring (i.e. needing the money).
With TRP, the funds have no front or back end loads and the fund does not charge a redemption fee.
If you haven't already, I would check out T. Rowe Price's website. If you have at least $3000 to invest, then I would also check out Vanguard's website as they also have retirement funds. I'm not 100% sure if Fidelity does but I would check their site also.
BTW, you should also take some time to educate yourself about mutual funds and other investments. I would NOT suggest that a "retirement" fund be the only investment you make for your retirement.
www.troweprice.com
www.vanguard.com
www.fidelity.com
2006-09-28 15:13:16 · answer #1 · answered by Anonymous · 1⤊ 0⤋
T.Rowe Price is one of the top Mutual Fund companies in the US. Their fees are reasonable and many funds are highly rated by Morningstar.
Their fees are among the lowest in their "space". Not the lowest, but less than average. Their "Target" funds are made up of some of their best individual Mutual Funds. If you aren't comfortable picking funds, stocks or bonds... This is a great way to go.
BTW: There are no commisions or exit fees with T.Rowe Price.
2006-09-28 15:19:25 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋
Selecting mutual funds isn't all too difficult. However, if you truly have no desire to mess with it then the T.Rowe Price retirement funds are not a bad way to go.
Given your age, I'd recommend you go with a diversified portfolio that consists almost entirely of stocks and/or stock mutual funds.
It's my understanding that T.Rowe Price does NOT charge commissions or exit fees.
2006-09-28 14:35:14 · answer #3 · answered by derek 4 · 0⤊ 0⤋
Instead of investing in a T Rowe Price fund...
do your homework....
there are plenty of ETF's that can mirror most mutual funds.
TRowe has a number of good funds
as does Vanguard, DWS Scudder and others
however, at your age...look at the stock for TRowe Price itself...the stock has outperformed most of its funds...
check TROW...also LM, BEN,
at your age...you can be a lot more aggressive with your investments...if you do go with a mutual fund ....I would suggest that you apportion your money aggressively...that is
about 30% large cap growth. 15% mid cap growth, 15% small cap/emerging markets , 20% international , 10% REITS, and 10% commodities [check out DBC as a simpler way to play commodities]
go for it, regardless...
2006-09-28 15:59:55 · answer #4 · answered by Gemelli2 5 · 0⤊ 0⤋
You need to be 101% brain dead with no hope of recovery to invest in a mutual fund.. Explore the exit fees ! Do some reading, homework, don't be so lazy and piss your money away !
2006-09-28 13:38:15 · answer #5 · answered by The Advocate 4 · 0⤊ 4⤋