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URL:  http://boards.fool.com/i-personally-have-23-mutual-funds-that-are-spread-15477365.aspx

Subject:  Re: Need Roth Investment Ideas Date:  7/31/2001  12:40 PM
Author:  notsodumb Number:  31066 of 78166

I personally have 23 mutual funds that are spread
over 4 different fund families. An analysis of all the funds yields approximately the same results: many of the same stocks are in each of the funds resulting in poor diversification. I was forced into this
bizzare arrangement by having to chose options in the 401k, 403b, Roth
IRA, standard IRA, and personal holding accounts. Having just retired I will now be able to move many of these scattered funds into just one or two fund families. Most of my MFS funds will be the first to go (high initial fees, poor performance, investment consulting fees paid to other companies, 12b1 fees, pooly designed quarterly reports).

I would recommend that you stick with the Vangard fund family for now due to the no load or low load funds plus the low maintenance fees. If you want to be invested in stock mutual funds then the Vangard S&P 500 mutual fund will, with the mi