20yrs old just started investing in mutual funds

[elikhom]

Originally Posted by ya9067

I recently made my first investment in a few Vanguard Mutual Funds. I have done my research for years and got advice on investing. But due to the recent stock market drop I've also dropped around 1K since the glich.
Here is how my Portfolio looks like....

Individual funds
small cap index shares 3k
reit idex 3k
emerging mrkts 3K

*In my Roth IRA*
STAR fund 1K
Total stock marketing Index 4k

Any advice? I'm looking at 5-10+ years (maybe when I make a 1st home purchase). Should I keep it in for long term? What should I be looking out for if I want to sell later on? Should I sell any one of those now or wait until I break even in any of the funds? I was thinking about buying 3k into Gold and selling any one of the funds once it gets me to break even. Desperate for any advice!!! Thank you in advance!

p.s.
I work, go to school and live with the parents. I have other cash reserves set aside so I will not be needing this money anytime soon. I'm expecting to graduate and have a full-time (professional) job in a couple years too. Hence I went aggresive in my portfolio and will slowly go towards large cap once i get married, have children, making payments, etc I'm not interested in any interest bearing investments (due to personal and religous reasons)

Good, but the tax inefficient ones like REIT should be if possible in a tax sheltered account.

[Sandpointian]

Originally Posted by jhtrico1850

Just wondering where you got the Muslim thing...

No interest rates. According to shariah law, Muslims are not allowed to earn interest. Investing in a company earns them a return on an investment (considered an honest return). Charging interest used to be prohibited by Christians as well. It is called usury.

S.