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Investing/Strategies / Retirement Investing
|Subject: Re: New to Investing at 58||Date: 4/11/2011 2:29 PM|
|Author: w2j2||Number: 68865 of 81339|
Drip is right.
Go with low cost / index funds, and do not jump in all at once.
Use dollar cost averaging, and put your money in gradually over a 2 year time frame.
Most investors lose a lot of money by paying 1.5% to 6% on management fees.
There are mutual fund management fees, buy-in fees, sales fees, 12 b-1 fees etc. that will all eat away your savings & earnings.
The worst fees are "Wrap Fees" by Merrill Lynch, et al.
If you are to choose 1 Mutual fund house, go with Vanguard (John Bogle's legacy).
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