| I have about 15K to re-invest long-term (20 years) |
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Meghan
New Poster
Cash: $ 0.45
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Joined: 25 Aug 2005
Location: Kansas
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| I have about 15K to re-invest long-term (20 years) |
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I'm new to this forum and have really enjoyed reading several threads. It seems that many people have knowledgable advice to offer. Like so many others, I too am seeking advice.
I have about 15K spread out in small funds with various companies: mutual funds and a Roth IRA that is only 1 year old. Here's my question. I intend to keep this money invested for at least 20 years while contributing more on a monthly basis. Should I rollover these funds into a single account so I have opportunity for greater overall increase or loss, or keep them in small accounts?
Thank you for your advice!
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Thu Aug 25, 2005 3:52 am |
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MattL
Senior Member
Cash: $ 46.85
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Joined: 25 Jun 2005
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Do you have these funds with different companies that are all charging you seperate fees? I would start by adding up your fees.
If you are with one brokeage/company but spread out among several funds the fees are often less if you have one account.
It's not only the money aspect that can save you headaches. By consolidating into one account it can save you time and hassle keeping track of everything.
You can achieve excellent diversification with just one fund with one company if chosen wisely.
Debt Elimination
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Thu Aug 25, 2005 1:22 pm |
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Kevin Thomasson
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| Investing your money. |
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Educate yourself before getting involved investing! Those who truly make money do not rely on other to make decisions for them.
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Fri Aug 26, 2005 2:23 am |
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Meghan
New Poster
Cash: $ 0.45
Posts: 2
Joined: 25 Aug 2005
Location: Kansas
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MattL, thank you for your input. I have spoken with a few others who have posed the same questions. After checking my fees, I do believe I will be ahead to go with one company while continuing to diversify as I have in the past.
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Fri Aug 26, 2005 3:52 am |
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ushomeloans
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Joined: 08 Sep 2005
Location: Sacramento
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interesting that this is in the real estate section. Are you looking to invest into real estate? More headaches can come out of it, but it by far is the best investment tool. It has tax savings, rental income, and equity. while stocks have equity (the share goes up in cost) and "rental income" (dividends which is low) and that is it. You can find an area where the depreciation makes it that you "never make" money. If you are to invest into real estate I suggest finding a rental that makes money on rent alone and equity is your bonus for the next 20 yrs. Feel free to e-mail any questions
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Thu Sep 08, 2005 10:30 pm |
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