I couldn't liquidate it and then move so I'm still holding the same two funds that I have forever and which have done nothing. Now that's not surprising, a lot of funds are doing nothing right now but I don't even understand what I'm holding because they were chosen for me. I admire a coworker who is basically a day trader, but I'm more of a hands off investor. I'm using Fidelity Freedom Funds for my 401 k because it seemed to be a very good idea and I understand what my fund holds. I'm worried about doing the same with my Roth because I don't want to put all my eggs in one basket.
Here are my current Roth IRA holdings:
I've been doing some reading because I want to be more knowledgeable and I want to make a smart decision about what fund(s) to buy and hold. Some reading:
- AGRBX AMERICAN GROWTH FUND OF AMERICA CLASS B
- CWGBX AMERICAN CAPITAL WORLD GROWTH & INC B
- The Only 7 Investments You Need, a CNN Money article. I liked that it not only made some recommendations, explained them and gave some examples that met those recommendations. I also like their Mutual Funds overview page, which speaks English.
- Index fund advice, please, an AskMeFi thread about mutual funds v. index funds
- How do you choose between the various mutual funds?, another MeFi thread
I'm aware of sites like Motley Fool, of course, but I don't know where to start. I just mooched a copy of Suze Orman's The Money Book for the Young, Fabulous and Broke (non-affil) and am hoping that will be a good starting point.
Any other suggestions?