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What is a good mutual fund to put my money in? |
I'm a 24 year old recently graduated from college and got a job.. I want to start saving up and while the money is not being used for anything, I though I might as well put it to work. So what is a good mutual fund to put my money in? your question should be, "what is an appropriate asset allocation for someone my age and risk tolerence?". if you really want to make money, forget the words "mutual fund". look into index funds and ETFs. funds matter not. asset allocation makes up abut 95% of a portfolio's returns over the last 50 years or so. it took me about 5 years out of college to learn this the hard way. check out ifa.com, ishares.com, and vanguard.com. |
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The mutual fund company should be sending out a 1099 shortly. I've already recieved some of my 1099's. Some haven't yet arrived. You will need to pay taxes on the income that yo... In your case, it's a no brainer - pay off the credit card debt before you start investing it. Those interest rates are so high (19-20%) that there is no way you can make a higher return. Your ... cost of purchase of MF=1000*10 = 10,000 add: entry Load @2% = 200 (A) total purchase value 10,200 less: sales value ... Generally speaking, most back end loaded mutual funds do not pay a sales charge on the appreciated portion of you shares, only on the original $10,000 purchase. Most front-end funds will charge ... You should not buy and sell a mutual fund repeatedly to try and make money. you won't. If you want to " trade" then you do it with individual stocks or ETF's through a brokerage... You can only contribute cash to an IRA or Roth IRA, and you can't go back in time and say that you meant to open up a Roth back when you bought the fund. But IF it's a good fund you�... You are correct. All you should have to do is provide them proof you are who you say you are and that you are of legal age. If she refuses to sign and Ameriprise does not grant you access, you ca... This is why economists recommend no dividend tax. If you were to reinvest, you'd be better off if they hadn't paid a dividend. But if you had another place to put your money that woul... |
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