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How to pick fidelity fund(s) for $4000.00? |
I save 4K for my 2006 IRA, but don't know what fund(s) to pick. Most funds required a minimum of $2500 to start. How can I split 4K for 2 funds: international and mid cap growth? I've done it with my daughters' IRA's in this way....Fidelity allows you to trade ( on-line) anything in your IRA...so buy the $ 2500. fund in mid-caps ...and use the other $ 1400. to invest in ETF's ( one or more..up to you) There is a " commission" on those trades, but nothing to panic about... I don't think Fidelity will work for you. morningstar.com has a rudimentary mutual fund screener that will let you specify fund type, minimum investment, and other criteria to find possible funds. I ran it and found AIM, American Century, and Dreyfyus, among others, have international funds that meet your criteria. I don't follow these families, so I can't suggest a specific fund. I like your allocation, though. |
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