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I just rolled over about $25k to Etrade. My allocation will be 70% stock mutal fund and 30% bond funds. I have an idea of what funds I want to invest in.
My question is when to buy the funds I want?? I will not be adding money this IRA, so I am thinking I should wait until the market falls more and then buy the funds I like at an cheaper price.
just about each and everyone of us expects the market to fall lower. any bets it does what it usually does when so many expect the same thing to happen? yep it goes up.
just about each and everyone of us expects the market to fall lower. any bets it does what it usually does when so many expect the same thing to happen? yep it goes up.
I need a good newsletter to tell me which funds to get in and out of. I don't have the time for researching funds weekly or worrying about this market.
I work full time, 2 kids, and have a career to get on the right track. And have two dogs to get trained.
Do anyone have any newsletter they can recommend me? So far, I am considering Fidelity Insight to tell me which funds to buy and when to sell and so forth. Let me know what you use.
I just rolled over about $25k to Etrade. My allocation will be 70% stock mutual fund and 30% bond funds. I have an idea of what funds I want to invest in.
My question is when to buy the funds I want?? I will not be adding money this IRA, so I am thinking I should wait until the market falls more and then buy the funds I like at an cheaper price.
Any comments or I am thinking foolish.
Thanks
Just buy the funds you like and be done with it. No one knows what the market will do. As others have said...when "everyone" thinks the market will do something, it often does the opposite.
Personally, I like T. Rowe Price Capital Apprication. It's balanced fund (mix of stocks & bonds). It's currently 1/3 in cash and bonds and the rest in stocks.
It has great long, medium, & short term performance (top 10% or better for the 1, 3, 5, 10, & 15 year periods):
im a big fan of Wellesley Income even though I don't own it myself; but if i ever wanted just one fund and one fund only i would run with that .
Then again I'm 60 and my aggressive days are behind me.
Yes, I also like Vanguard Wellesley Income. I checked its returns back to 1970 and it comes surprisingly close to matching the returns of the S&P 500 with a lot less volatility. With 60% in bonds and only 40% in stocks, though, it is conservative. I don't know if it can continue to get the returns it has in the past with bond yields being at historic lows.
I think a fund like Vanguard Wellington (65% stock/35% bond) would better match what the OP is looking for.
Wellesley Income is such a good fund, though, and with such low expenses, that I wouldn't argue with anyone who wanted to invest in it. Wellesley Income did edge out Wellington's performance by a small amount over the last 15 years...but as I said, it's far from a sure thing it will repeat that kind of performance over the next 15 years.
bonds will be a drag on performance for most balanced funds and target funds going forward for sure at some point.
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