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Just getting started
travis4190  04-16-2008, 8:11 PM | Post #2508964 |  1 Replies
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I'm 20 years old and I have been investing since July of last year. I have two Mutual Funds(AGTHX & CWGIX) The majority of the share are In a roth IRA. I invest threw Edward Jones. And am currently looking into CDs and Energy Stocks.

Im looking for any advice from any seasoned investors.

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Re:Just getting started
pining4Lenore  04-17-2008, 8:24 AM | Post #2509058
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Travis:

Welcome to the wonderful world of investing.

My major word of advice is:  Immediately stop buying adding to  those 2 funds!   They are wonderful funds, but you are probably paying your broker $5.75 for every $100 you invest. Over a lifetime of saving say $1 million, you will be handing your broker about $57,000 in commissions.   That's great if you have as objective putting your broker's kid through college. But if that is not your goal,  google "no load mutual funds".

You can invest in comparably good funds WITHOUT lining your broker's pockets.  Go visit  the Vanguard, troweprice or fidelity websites.  All are excellent fund families who do not assess you $5.75 to line some middleman's pockets.

 Question:  What do you call a bus full of brokers that drives off a cliff....

Answer: A ton of saved commissions.

Good luck.

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