My next mutual fund?

Hello,

First off I want to say thank you for viewing my question and hopefully attempting to answer. Well, I'm just 16, and have accumulated some money over the past few years and a couple summer jobs.

As of now I have about 4k total in Janus Contrarian and Orion and I can't complain. Especially with Contrarian.

Right now, I have about another 4k I'm looking to invest in a mutual fund. I am by no means an expert in investing, at least not yet, I'm seriously looking into the accounting career fields. I've taken a few accounting classes, even competed in a few UIL accounting competitions, but anyways getting a bit off topic.

I don't know if I should go ahead and split what I have and put it in with my 2 Janus funds, or diversify my investing a bit and look into another fund.

I'm open to any recommendations yall have and greatly appreciate your time.

It's probably a little silly with my small number investing amounts, but me it's a lot, and hopefully it's something to build on

Well, first, congrats to you my man, for jumping into the exciting and crazy world of investing early in life. That is a smart move. I wish I would have started out as young as you are. And you know what, accounting is way cool and those guys make big bucks. Don't rule out majoring in Finance tho...could be you might find a career in financial services or investments...I did. So, you are right, you don't want to have too many mutual funds. The key to your portfolio is diversification. You do not want to duplicate what you are already investing in. Take a look at what your Janus funds are invested in and what they aren't. Look to see if there are big companies, mid or small sized companies..commonly referred to as large cap, mid cap and small cap companies. Also look for where the funds are invested at...U.S, Europe, Asia. I looked up your 2 Janus funds...good picks by the way. Both funds seem to be pretty diversified. I would just split the 4k into each of them. There are some areas that you are not getting exposure too like bonds and China but as your portfolio grows you can add that later. Just remember two things young one, EXPENSE FEES AND INDEX FUNDS. Try to always be a no-load, low cost index fund. Vanguard Group has some great funds as does Fidelity. Cool?

I'd say you've picked a couple of winners. Both of your funds are doing well. One in mid-cap and one in large blend. You can't go wrong with that combination. At some time in the future you may want to add a small cap fund, such as FLPSX.

Small caps are down somewhat now and it may be a good time to get in. FLPSX 1 year return is only 11% now, but it's average 1 year return over the last decade or so is around 30%. When small caps are in favor, they grow faster.
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