| redditisbetter |
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I have no idea what to do with investments so hopefully someone on here is experienced and can help...yes, I know, this is letsrun. A little about me. 23yrs young, $1500 in my 401k, looking for my best option to "set it and forget it" I don't look to play with stocks or pay huge fees. Any suggestions as to where I should invest? With cordial greetings, Jay |
| adsfasd |
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Vanguard Target Retirement Fund 2055. |
| redditisbetter |
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Thanks, That is probably the most to-the-point answer I've ever gotten from letsrun.
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| Coach Owl Birdo |
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Fidelity Growth |
| unmarried dude |
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FB stock once it drops to $25. |
| agip |
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I'm a financial advisor and this is an excellent suggestion. It divides up you money for you automatically among thousands of stocks and bonds around the world and will adjust as you get older. And the fees are basically nothing. |
| Craig Endem |
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If you have a new job that offers a 401K plan, you should be able to roll over your old 401K to the new plan. Most people would say you are better off using an IRA, but in this case since you only have $1500, I would keep your 401K money in one account for simplicity purposes. |
| Rocky Balboa III |
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Yes diversify that $1500 into thousands of stocks and bonds - dumb. Maybe if that was $150k. Personally you are smart for not cashing it out so any option is good. I would stick it all in an overseas mutual fund emerging markets or something. It's getting killed now so it's an excellent time to buy. Just because the fees of one fund are lower doesn't mean it's better. I don't shop at Wal-Mart for everything. That being said, Vanguard Group is a very reputable organization. |