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Need some advice....where to put the $
Old 11-24-2009, 08:02 AM   #1
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Need some advice....where to put the $

I have some money from birthday and graduation...$2000 that I need to put in an account and I am not sure where to put it.

Fidelity: 401K, pension
Neuberger/Berman: Roth IRA, IRA, Focus/Partners/Guardian Equity Fund Series

I am thinking of opening up a Vanguard account but am not sure if I should do the Target Retirement or not. In addition to the 2K, I will have 200/month to put it that account. Currently, I don't have a 401K with company that I am with or health insurance, so I am paying out of pocket/savings for both of them. The owners are looking into both of these things and would not be able to offer it until summer of 2010. I have already not contributed anything for the last ten months due to school and career change. I did send $1500 to the Equity Fund series last month after paying bills.


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Old 11-24-2009, 08:36 AM   #2
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Put it in a Roth IRA. I am not a fan of Target Retirement Funds in general. Since you are dollar cost averaging going forward, I would put the $2000 in one fund and build out over time into different asset classes..............

Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

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Old 11-24-2009, 08:46 AM   #3
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Adding to what FD said, I think that since most Vanguard funds have a $3,000 minimum, I would choose the Vanguard "Star Fund" which is a balanced fund with a $1,000 minimum.
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