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Posted by Keiye on June 20, 2007, 12:21 pm
after having lurked in this group for a while, am now ready to take the
plunge and setup a Roth IRA with Vanguard.
the online setup seems easy enough and funding the roth appears simple also,
only problem I have is that I have no idea how to best allocate the 5k
Is it possible to build a small yet balanced portfolio with just 5k in the
account or am I doomed to just keep 5k in a money market account?
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Posted by Justin on June 20, 2007, 12:39 pm
Keiye wrote on [Wed, 20 Jun 2007 11:21:00 -0500]:
> after having lurked in this group for a while, am now ready to take the
> plunge and setup a Roth IRA with Vanguard.
>
> the online setup seems easy enough and funding the roth appears simple also,
> only problem I have is that I have no idea how to best allocate the 5k
>
> Is it possible to build a small yet balanced portfolio with just 5k in the
> account or am I doomed to just keep 5k in a money market account?
Assuming your are over 50 I think it is, and eligible to put $5K into
your Roth, you can either find a single fund that you are happy with, or
use something like a Target date retirement fund that does all the asset
allocation you want, if that's what you want to do.
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Posted by joeNOSPAM@bea.com on June 20, 2007, 3:16 pm
You can simply buy $5000 of SPY or VTI and guarantee yourself
broad diversification, low expenses, and market performance.
Joe W.
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Posted by Sandra Loosemore on June 20, 2007, 4:04 pm
> You can simply buy $5000 of SPY or VTI and guarantee yourself
> broad diversification, low expenses, and market performance.
If the OP is old enough (50+) to qualify to put in $5K per year into
his Roth, instead of the normal $4K limit, he's probably old enough
that his retirement assets shouldn't be invested 100% in equities. One
of the target retirement funds or a balanced fund would be a better
alternative.
Personally, if I were starting all over again from scratch, I'd open
an account at Oakmark rather than Vanguard and put $4K into OAKBX and
$1K into OAKIX. But that's just me. :-)
-Sandra the cynic
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Posted by none on June 26, 2007, 8:25 am
>
>> You can simply buy $5000 of SPY or VTI and guarantee yourself
>> broad diversification, low expenses, and market performance.
>
>Personally, if I were starting all over again from scratch, I'd open
>an account at Oakmark rather than Vanguard and put $4K into OAKBX and
>$1K into OAKIX. But that's just me. :-)
Long time lurker, first time poster.
I'm at the starting from scratch phase with my Roth. I have an
opportunity to finally retire all of our bad stupid debt and fund Roths.
I was all set to open a Vanguard online account and fully fund one their
low expense index options.
So why Oakmark?
Brief rundown:
Early 40s, $100K+ combined income, 401k's funded up to the match, $145k
mortgage with limited equity.
Honestly I'm looking for a fund it and forget it solution. I have up to
the $8K max required to fund both funds.
Any suggestion?
BAJ
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