Search found 6 matches

by Oppous
Tue Oct 15, 2013 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Mutual Funds to Index Funds
Replies: 19
Views: 1779

Re: Moving from Mutual Funds to Index Funds

Good for you for finding this forum and asking questions! If you look around the Wiki here and read some of the recommended books such as Boglehead's Guide to Investing you will be off to a great start. Take your time and in the meantime ask your broker not to reinvest any dividends or capital gain...
by Oppous
Tue Oct 15, 2013 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Mutual Funds to Index Funds
Replies: 19
Views: 1779

Re: Moving from Mutual Funds to Index Funds

Congratulations! That's a lot of money for a 17 year old. First, realize that you can take your time to make a decision. There's no rush whatsoever. Second, you need to consider the tax implications of selling your current mutual funds and purchasing index funds. You mention that two of funds were ...
by Oppous
Tue Oct 15, 2013 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Mutual Funds to Index Funds
Replies: 19
Views: 1779

Re: Moving from Mutual Funds to Index Funds

Index funds are mutual funds so your terminology is off. Q1. Yes, index funds make sense in many ways and the 3 fund portfolio is a good start. Read the wiki, there is much good information there. Many use both index funds and actively managed funds, low cost is the key. Q2. Your question makes no ...
by Oppous
Tue Oct 15, 2013 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Mutual Funds to Index Funds
Replies: 19
Views: 1779

Re: Moving from Mutual Funds to Index Funds

Questions: 1. After reading around, I have decided index funds are more desirable than mutual funds. However, these funds have performed relatively close to the index. Is it worth reallocating the money into an index fund? If so, should I be going with the "three-fund-portfolio"? As mentioned, inde...
by Oppous
Mon Oct 14, 2013 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Mutual Funds to Index Funds
Replies: 19
Views: 1779

Moving from Mutual Funds to Index Funds

Emergency funds: $5,000 of funds in my bank account, I plan on opening an individual investment account with some of this money to play around with selecting specific stocks. Debt: No debt Taxes: My parents pay my taxes State of Residence: Minnesota Age: 17 Desired Asset allocation: 100% stocks / 0%...
by Oppous
Thu Aug 15, 2013 1:20 pm
Forum: Investing - Theory, News & General
Topic: My Take on Gold
Replies: 213
Views: 25347

Re: My Take on Gold

I find it better to invest in gold indirectly. If you invest in funds that manage gold, you'll profit of its increase in value and not be hurt by storage costs.