Definitely look at the recommended reading list to get familiar with some of the generals of investing.
snowss21 wrote:I have been eyeing vanguard and some of their growth funds.
For what it's worth, we tend to shun "growth" funds around here, although there can be exceptions. Growth funds invest in growth companies, which are only one side of the coin—the flipside being value stocks. Be warned: growth stocks don't necessarily make your money grow the most. Broad index funds arguably hold the maximum amount of growth stocks one should have. In fact, a broad equity index fund effectively covers all your bases: large, mid, small; growth, core, value. Easy!
By contrast, a growth portfolio
isn't about stock investment style; it refers to one's asset allocation (i.e. stocks vs. bonds), which is a good thing
. A growth portfolio is just fine if it is in line with one's willingness, need and tolerance for risk. When Vanguard's LifeStrategy options use the word "growth" in the title it is merely to give you an idea of its asset allocation (i.e. aggressive vs. moderate vs. conservative growth). Keep in mind that each LifeStrategy Fund is actually a complete portfolio of broad VG index funds
that has been expertly-structured and wrapped in a box to make investing easy.
My vote is that you open your IRA directly at Vanguard and select one of those tasty LifeStrategy Growth funds
portfolios, or a Target Retirement fund
portfolio. The number of ways to do better are few (and cannot be known ahead of time). The number of ways to do worse are infinite.