Nevermind the last post
Posted on April 3, 2006 4 Comments
OK, that last post was ill-informed. After some reading, I know I can do better than a 6.75% return. I’m going to look into investing in a mutual fund on e-trade. I just wish I knew which one to pick! To the library, I guess.
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4 Responses to “Nevermind the last post”
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April 3rd, 2006 @ 5:49 am
Take the plunge!
One tip, know what a fund’s MER is. It stands for Management Expense Ratio. It’s how the fund manager gets paid, and if you ask me, the financial services industry’s #1 problem is not being upfront about how the people urging you to invest get their money.
MERs can be very crafty.
April 3rd, 2006 @ 4:48 pm
don’t go with etrade – etrade has bad customer service and will hit you with more commission fees. You can go to Vanguard’s website and buy their funds directly – less commission fees
April 4th, 2006 @ 2:55 pm
I would suggest going for a low-cost broker such as Scottrade. There has to be a branch near you. I was an ETrade customer until they decided to start charging high fees (even for an IRA), and have fouund the service at Scottrade to be wonderful. And they have quite a research facility to help in deciding on mutual funds and stocks. I suggest not only diversifying holdings throughout American mutual funds, but look into European funds as well. I have averaged 22% return spread over America, Europe and Asia, and just this year. Safely removes volatility based on panic and media-hyped news.
April 10th, 2006 @ 3:38 pm
Take a look at TAVFX. Read about the fund manager and their general strategy. Their motto is safe and cheap, yet they’ve consistently rung up great returns and have a low expense ratio. Just my opinion, of course.