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ready to invest

February 20th, 2007 at 07:07 pm

...we just need the rest of the cash! I am taking the time to do a little research before the tax refund comes in. Right now we have about $1400 in our Roth from an individual stock that we cashed in (I won't tell you how much we originally paid for the stock Frown). Anyway, we will have about $3k more once we get the refunds. Since we have already contributed $2k this year, the extra $4400 will get us very close to the max for 2006 (2 Roths), something I never thought would happen six months ago. Anyway, I have decided to put all of it into mutual funds - maybe one, maybe two. Just to figure out which ones now...
I am jumping off from a list I received last year from a financial advisor through my union (he did not sell them, his fee was paid for by the union, so I am comfortable that he was not pushing one over the other). The list (from Morningstar) shows 30 funds, their Morningstar ratings and categories (i.e. mid-cap, small growth, large blend...more terms that I have to become familiar with). It also shows their returns over the past year, 3 years, 5 years, 10 years, and 15 years. Looking at a combination of ratings and returns, here are a few that look good:
Alger MidCap Gr Instl I
Columbia Acorn USA Z
Davis NY Venture A
Fidelity Diversified Int
ICAP Equity
Vanguard Cap Opp Adm
Vanguard PRIMECAP Adm
WF Adv Sm Cp Val Z

Of course, I still have no idea what a lot of these abbreviations mean Smile I also have to find out what type of category I should be in, since I am looking for long-term (30+ years) growth. But this is a "jumping off" point. I have heard a lot of good things about Vanguard, so I will probably look pretty seriously at one of their funds. I guess I also have to look for the no-load funds, which I don't know at this point which of the above are. Ah, so much to learn!

2 Responses to “ready to invest”

  1. Ima saver Says:

    All of vanguard funds are no load and very low expense. I would reccomment Vanguard Index 500. It owns the 500 largest companies in america and last year the return was 16%, but the average return is about 10%. I would also reccommend vanguard small cap index and vanguard total internationsl stock index.

  2. jIM_Ohio Says:

    every mutual fund has a five letter ticker symbol (Like VFINX or PRFDX). will end in X. If you post the tickers to my blog, or somewhere on the forum, you will get more advice than you care for.

    For example I own these funds:


    and look them up on sites like this:


    e-mail me if you need more assistance (I'd be happy to help).

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