The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: MF as basis for IRA investments||Date: 2/27/2014 3:13 PM|
|Author: Hawkwin||Number: 74304 of 77870|
Buy an S&P 500 Index fund.
With all due respect, that is horrible advice. Perhaps you were being facetious but since this is a new poster to MF, they have no way of knowing such.
We don't know the risk tolerance of the OP, their timeline, or their income needs for such an investment. The only thing we know is that they have little interest in managing their own money. Telling them to go invest 100% of their money in a domestic large cap stock index is akin to malpractice.
For the OP: I don't follow the fee-based services of TMF so I cannot provide you an informed opinion on how well they do or if they would be better or worse than what you have done on your own or in your managed account.
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