I found out that my GF (45 yo) has her IRA (traditional) 100% in EACFX There are all sorts of alarms going off for me... 100% in one fund, it's rated as "Low" risk yet has posted gains of around 11%...
What's more, it's through a company (I think Wachovia?) that charges here each time she even thinks about it. This came up when she mentioned wanting to deposit $4000 for this year's contribution, and I suggested that she break her contribution up throughout the year to take advantage of dollar-cost averaging.
I cannot help but think that there's somebody out there (Vanguard? Fidelity?) that will let her set up an account, make contributions without dinging her every time, and help with a much saner allocation than all in one pot. I'm with USAA, and so don't have to worry about such things, but she isn't.
What's more, it's through a company (I think Wachovia?) that charges here each time she even thinks about it. This came up when she mentioned wanting to deposit $4000 for this year's contribution, and I suggested that she break her contribution up throughout the year to take advantage of dollar-cost averaging.
I cannot help but think that there's somebody out there (Vanguard? Fidelity?) that will let her set up an account, make contributions without dinging her every time, and help with a much saner allocation than all in one pot. I'm with USAA, and so don't have to worry about such things, but she isn't.