Beginner - Scottrade funds

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Beginner - Scottrade funds

Postby austidan » Wed Jan 30, 2013 2:26 pm

Hi everyone,

I've been reading the boards lately and am very excited to begin investing the RIGHT way. There are a couple of funds I'm currently invested in, but I'm not sure what the general consensus is. I would appreciate any insight.

General information:
- I'm looking for a "no-minimum" fund at the moment
- These are going to be in my taxable portfolio
- I'm looking for funds that will make up a majority of my portfolio
- I'm 30 years old, so I'm looking for more risk at the moment

Any thoughts on Powershares QQQ Trust (QQQ) and SPDR S&P Dividend Fund (SDY)? If poor choices, any recommendations?

I have called Scottrade a couple of times and they don't want to give me any S&P Index Fund tickers. They tell me to just Google it and then do a search on Scottrade. Not very helpful.

Let me know if there is any information you'd need to provide a better recommendation. I really appreciate any help!
austidan
 
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Re: Beginner - Scottrade funds

Postby linuxuser » Wed Jan 30, 2013 5:53 pm

What investments do you have now?
401K?
tIRA?
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Re: Beginner - Scottrade funds

Postby livesoft » Wed Jan 30, 2013 5:57 pm

There was this other thread on Scottrade:
viewtopic.php?f=1&t=109948

Do you really need to use them? There are better places to have your money at.
This signature message sponsored by LadyGeek.
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Re: Beginner - Scottrade funds

Postby austidan » Wed Jan 30, 2013 6:02 pm

I currently have a tIRA, a 401K, and my taxable brokerage account.

My tIRA is in AMANX and AMAGX (I believe I need to sell these and reallocate my funds, as their expense rations are over 1.20% and don't provide good diversity between the two of them).

My 401K is split between a large cap growth, an international growth, and a bond fund. Not many good choices, so I made the most of what I had available.

My brokerage account is in QQQ and SDY at the moment.
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Re: Beginner - Scottrade funds

Postby Default User BR » Thu Jan 31, 2013 2:09 am

The cart is way before the horse. Start with this:

http://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212


Brian
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Re: Beginner - Scottrade funds

Postby vtanzi » Thu Jan 31, 2013 11:31 am

Default User BR wrote:The cart is way before the horse. Start with this:

http://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212


Brian


Totally agree--you need to understand why you are buying various funds, allocation etc
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