Hi folks. Please help with advise. I have a portfolo of 3 mutual funds in a Traditional IRA and another Roth IRA with 3 similar funds. All are Agressive Growth funds, with a small amount in a balenced fund. I am 34, have about 3 years to go. Total assets is about 60K. I have a hands off advisor who is not watching my stuff. What are the best moves I should make? Out of mutual funds to SP500 Index funds, Overseas funds?, What about EFTs, or SPYdrs? Bonds vs Bond funds? What % weighting should it be if i move? Do I do this myself or get another advisor? Is the total value too small to have any choices? What about induvidual stocks? Comments please.
2007-11-12 04:20:48 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Sorry 30 years to go till retirement.
2007-11-12 04:21:28 · update #1
Find some example portfolios based on your age and DIVERSIFY. You definitely don't want to put all your eggs in one basket, especially these days.
2007-11-12 04:24:39 · answer #1 · answered by It's the hair 5 · 0⤊ 0⤋
You should definitely get some international exposure. ETF's are nice, but if you buy monthly, brokerage costs add up. A fund I own is Oakmark Global, symbol OAKGX. A nice ETF is DVY which buys the best dividend payers. Do you really need advisor? Plenty of self help via magazine sites, etc. You have to decide how much risk you can take(stomach). I am 100% equities in IRA accounts(no bonds). I'm dabbling in the homebuilders' ETF. (Symbol XHB) No one can pick the bottom. If you believe real estate will come back, you may want to start to get some exposure there. 10 to 15 year horizon.
2007-11-12 04:33:08 · answer #2 · answered by pumpdatiron 6 · 0⤊ 0⤋
With this many questions, you need the help of a good hands-on fee-based adviser. You don't want a broker that makes their money on commission. A good financial adviser will sit down with you and discuss your financial goals, and try to ascertain your risk tolerance, perhaps with a questionaire. The adviser will then work out an asset allocation for you and update it regularly in addition to actively managing your portfolio. Your portfolio at present is plenty large enough to have some good choices.
I'm curious what you mean about having 3 years to go at age 34. If you mean you plan to retire at age 37, no adviser on the planet will be able to turn 60K into what you'll need to live on in three years.
2007-11-12 04:30:30 · answer #3 · answered by curtisports2 7 · 0⤊ 0⤋
good questions. you should word notwithstanding, that the constancy freedom fund, besides as each and each and every of the objective date and threat depending money, are meant to be a one stop keep for making an investment. those money are elementary as fund of money, and easily allocate your deposits to assorted mutual money. through making an investment in money different that that fund, you're undermining the objective of this fund through taking up a factor of threat no longer meant through the fund manager. in different words, the constancy freedom fund already has a important allocation to the spartan indexes. have a glance on the freedom money underlying money. in case you want to flow the freedom fund mind-set, it will be the purely fund you take advantage of. wish this facilitates.
2016-10-24 02:30:25 · answer #4 · answered by corujo 4 · 0⤊ 0⤋
contact edward jones and they will be glad to help!!!
2007-11-16 04:18:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋