#1
|
|||
|
|||
How did my advisor do?
A little background on me: I turned 24 in June. I am a part-time Police Officer. I am graduating from college in December with a BA in Economics. I am very disciplined with saving money. I used to trade/invest in individual stocks, but I did terrible. I also used to trade Foreign Exchange. I never really got much other of either because I basically made every mistake in the book.
Anyways, I recently got a new financial advisor, and it's free to talk to her because it is through my bank that I am a member of. About a year ago, I opened an account with American Funds with another advisor - a guy I met in the police academy. He hooked me up with: EuroPacific Growth Fund 33% The Growth Fund of America 33% New World Fund 33% Those 3 have done very well for me in a 1 year period. I also had opened a Roth IRA with Fidelity back in 2004 and that has done very well for me over the past 3 years. I held two ETFs that did well, obviously through the great run of the stock market. Now, I talk to this advisor and she suggests I liquidate my Roth IRA and transfer all of the funds to a Roth IRA with American Funds. She also wanted me to add more money to my mutual fund account. Now, in my mutual fund account I have: American Balanced Fund 25% American High-Income Trust 25% Capital World Growth and Income Fund 25% Europacific Growth Fund 10% The Growth Fund of America 10% New World Fund 10% (Those are just rough estimates) The 10% is from what I had before, and the 25% is what I added. As soon as my Fidelity IRA is liquidated, I will have a Roth IRA that consists of: Capital World Growth and Income Fund The Growth Fund of America The Investment Company of America New World Fund I'm assuming there will be 25% in each. |
|
|