Thunder Good-Oil
Well-Known Member
- Joined
- Dec 2, 2011
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Sure wish I had gotten into Amazon back in the day, now that is a behemoth of a stock.
Stay with Vanguard and keep studying. Do not get crazy with your Roth IRA... you have decades of tax free, compound growth ahead of you. Equities with dividends are your friend. If you nibble on a risky investment, do it outside of a retirement account so that when you lose your money you can write it off of your taxes.
Vanguard is great... they are a mutual company that is owned by the investors. If they make a profit (they're a not-for-profit, but they're allowed to be profitable) they put it back into the organization to reduce the fees they charge client/owners for their investments. I can't say enough good things about Vanguard.
If you get professional help, actually writing a check to a fee-only financial advisor is probably less expensive than going to a fancy broker that will bury their charges by taking huge cuts disguised as fees in their investment options. There's a fiduciary rule kicking in in a few weeks that will require RETIREMENT account advisors to act in the interests of the investors over their own interests. It's hard to believe that the financial industry has been able to skirt this requirement... it will be interesting to keep an eye on it.