| First time investor needing advice |
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ekelswa06
New Poster
Cash: $ 0.50
Posts: 2
Joined: 04 Sep 2013
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| First time investor needing advice |
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I just obtained my first job and am setting up my first 401k. I am in need of advice! Which option should I select?
- Davis New York Venture C
- MFS Total Return C
- Blackrock Capital Appreciation Portfolio C
- Ready Assets Prime Money
- Blackrock Value Opportunities C
- JP Morgan Dynamic Small Cap Growth C
- Blackrock International Value C
- Blackrock Large Cap Core C
- Blackrock Large Cap Value C
- Blackrock Government Income Portfolio C
- Wells Fargo Advantage Total Return Bond C
- Blackrock Global Allocation C
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Wed Sep 04, 2013 11:24 pm |
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clydewolf
Senior Member
Cash: $ 50.25
Posts: 248
Joined: 27 May 2012
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| Re: First time investor needing advice |
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quote:
Originally posted by ekelswa06
I just obtained my first job and am setting up my first 401k. I am in need of advice! Which option should I select?
- Davis New York Venture C
- MFS Total Return C
- Blackrock Capital Appreciation Portfolio C
- Ready Assets Prime Money
- Blackrock Value Opportunities C
- JP Morgan Dynamic Small Cap Growth C
- Blackrock International Value C
- Blackrock Large Cap Core C
- Blackrock Large Cap Value C
- Blackrock Government Income Portfolio C
- Wells Fargo Advantage Total Return Bond C
- Blackrock Global Allocation C
[/list]
Congratulations on obtaining your employment. I am guessing you are under age 25 and single, you do not say. More information about you and your finances is needed to recommend which funds you should select.
Be sure to read the prospectus for the funds you choose.
And be sure to read the Summary Plan Description for your 401k plan.
You can review your available mutual funds at no cost using Morning Star, but registration is required: http://screen.morningstar.com/Compare/Fund/FundCompareResults.html?currview=default&CriteriaList=PresetFund:Large+Growth~PresetFund:Mid-Cap+Growth~PresetFund:Small+Growth~
You can also see how your funds have been performing and other fund information at Yahoo: http://finance.yahoo.com/
As long as your top tax rate is 15% or less, I would suggest you use the ROTH 401k or a ROTH IRA. When your top tax rate goes above 15%, then begin to contribute to the Traditional IRA or traditional 401k an amount to keep your top tax rate at 15%.
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Thu Sep 05, 2013 1:25 am |
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goldiraxone
New Poster
Cash: $ 0.40
Posts: 2
Joined: 05 Sep 2013
Location: United Kingdom
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Congratulations on your new employment.
This is a great time to chip in this piece of advise as you are only just about setting up your first 401K. Be sure to include precious metals in your retirement plan portfolio as you go. They are inflation proof, and their value in not affected by the uncertainty in today's economy.
solicitation removed
Kind regards
Xone
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Thu Sep 05, 2013 11:20 pm |
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Anton Martin
Full Member
Cash: $ 15.00
Posts: 73
Joined: 23 Nov 2012
Location: Florida, USA
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| Re: First time investor needing advice |
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quote:
Originally posted by ekelswa06
I just obtained my first job and am setting up my first 401k. I am in need of advice! Which option should I select?
- Davis New York Venture C
- MFS Total Return C
- Blackrock Capital Appreciation Portfolio C
- Ready Assets Prime Money
- Blackrock Value Opportunities C
- JP Morgan Dynamic Small Cap Growth C
- Blackrock International Value C
- Blackrock Large Cap Core C
- Blackrock Large Cap Value C
- Blackrock Government Income Portfolio C
- Wells Fargo Advantage Total Return Bond C
- Blackrock Global Allocation C
[/list]
A good reply to your query will require lot more details from your end. Plus read about your option by searching on Google. There is a lot of useful information available which will guide you in choosing the right option suitable for you. So do proper research before moving ahead.
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Thu Sep 19, 2013 11:58 am |
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