Author Bio
Robin Hartill is a Florida-based personal finance writer and editor, and a CERTIFIED FINANCIAL PLANNER.™ She is a graduate of the University of Florida.
The average 529 college savings plan is opened once the beneficiary has already celebrated their seventh birthday, according to Morningstar research. And that s actually a late start. A 529 plan gives you a limited number of mutual funds, often target-date funds, that are designed for an 18-year time horizon.
But suppose when your child is 7, you opted to forgo a 529 plan and invest instead in a high-growth exchange-traded fund, like the
Vanguard Growth Index Fund ETF (NYSEMKT:VUG). You d be taking on a lot more risk with your child s college money, though the potential returns are astronomically higher.
KXLY
December 21, 2020 8:03 AM Kat Tretina - Forbes Advisor
Posted:
Updated:
December 22, 2020 8:25 AM
For everyday investors, mutual funds are a great way to build a diversified portfolio without a lot of extra cost or hassle.
Mutual funds pool money from many investors to buy broad selections of stocks, bonds and other assets. There are thousands of mutual funds available that pursue a very wide variety of different investing strategies. This can make understanding the space challenging for new mutual fund investors.
If you’re looking for help investing in mutual funds, follow these seven simple steps to get started.
1. Decide on Your Mutual Fund Investment Goals
Channel3000.com
December 21, 2020 10:03 AM Kat Tretina - Forbes Advisor
Posted:
Updated:
December 22, 2020 10:22 AM
For everyday investors, mutual funds are a great way to build a diversified portfolio without a lot of extra cost or hassle.
Mutual funds pool money from many investors to buy broad selections of stocks, bonds and other assets. There are thousands of mutual funds available that pursue a very wide variety of different investing strategies. This can make understanding the space challenging for new mutual fund investors.
If you’re looking for help investing in mutual funds, follow these seven simple steps to get started.
1. Decide on Your Mutual Fund Investment Goals
Author Bio
Robin Hartill is a Florida-based personal finance writer and editor, and a CERTIFIED FINANCIAL PLANNER.™ She is a graduate of the University of Florida.
When you re building a retirement portfolio, exchange-traded funds (ETFs) are the perfect place to start. You get an instantly diversified portfolio, plus you can buy and sell them the same way you would a regular stock.
Investing across the stock market using an
S&P 500 index fund or a total stock market fund is a great way to invest, whether you re just getting started or you re approaching retirement. But if you have a couple decades or more until your golden years, you can afford to focus more of your portfolio on growth stocks. One great option if you re willing to take on more risk to earn greater returns is the