Discussion in 'Community Discussion' started by jonpeter, Oct 12, 2013.

  1. jonpeter macrumors member

    Sep 19, 2013
    So i'm a new investor and i just started with scottrade, opening up a general stock and roth IRA account.

    I've bought some apple, tesla, amd, and unfortunately blackberry stock (lets see how the sale goes...) for my general stock.

    Anyways, I came here to ask about mutual funds. I have the maximum amount I can invest in for the 2013-2014 year, $5500. But I am wondering which fund to start with?

    I was personally thinking vanguards HealthCare fund. However, if any of you can suggest some other funds i should look into, I will!

    Question: what (mutual) funds/stocks are you guys investing in?
  2. mobilehaathi macrumors G3


    Aug 19, 2008
    The Anthropocene
  3. ejb190 macrumors 65816


    First off, most day-traders end up losing money."For the typical retail investor, day trading isn't investing, it's gambling. If you want to gamble, go to Las Vegas; the food is better."

    Now for mutual funds, look for funds with long track records and steady investments. I would suggest finding an independent investment broker to help guide you through the choices. If you don't understand something, don't invest in it!!! You are looking for long term investments - a place to park your money and leave it for the long term, through ups and downs. Highly advertised or new funds - I'd stay away from. They probably have high fee rates.

    I don't have time to become an expert on mutual funds. So I have a broker that helped me pick out the funds. Frankly, it was so long ago since I swapped any funds around that I don't remember the names! I found my broker through Dave Ramsey's ELP program. Your mileage may vary...
  4. senseless macrumors 68000


    Apr 23, 2008
    Pennsylvania, USA
  5. Tomorrow macrumors 604


    Mar 2, 2008
    Always a day away
    This thread is titled "stocks," but OP is asking about mutual funds instead.

    Very confusing.
  6. jonpeter thread starter macrumors member

    Sep 19, 2013
    can i change the title?
  7. Xerotech macrumors 6502

    Jul 22, 2011
    Lmao, millionaire over night or broke.
  8. Plutonius macrumors 604


    Feb 22, 2003
    New Hampshire, USA
    It's best if you diversify and get multiple mutual funds. I use Vanguard since their fees are low and they have plenty to chose from. When you buy a fund, it will give you the risk level of the fund (very aggressive -> very conservative). Pick your fund based on the risk, return, and dividends. I like to diversify the risk and pick funds with good dividend returns (I invest long).

    I recommend having emergency money in your bank account to fall back on before investing.
  9. Gandalf theGrey macrumors newbie

    Oct 4, 2013
    If you are in for your personal gains, I suggest you getting loads of insiders information/acquaintances before you even start letting your hard-earn cash or daddy's-money-growing-trees flowing in the stocks market.

    If you are in for a better economic outlook/futures for all of us, all hail to you as we are in desperate need of investors like you, you are our last hope. ┼
  10. tktaylor1 macrumors 6502a


    Feb 16, 2010
    Nashville, TN
    This guy gets it :D
  11. r i c h macrumors member

    Jul 22, 2008
    Just out of curiosity, are these (AAPL, TSLA, AMD, and BBRY) your only positions right now?

    There are plenty of good websites out there that can provide you with analytical data and information regarding any number of funds, stocks, etfs, etc. To name a few:,,,

    Have you looked into ETFs as a way to help diversify your portfolio?

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