No. of Recommendations: 0
...As my company uses Vanguard for 401k, my dad recommended that I use T.Rowe price to "diversify". Does his logic have any merit?
...



They are both good companies so it isn't bad advice but about the only real risk you would be reducing would be that one of the companies would have an unlikly MAJOR computer problem and all of your money would be locked up for a short time until they got it fixed. This has happened during the "flash crash" and a few other times where a major company was unable to execute orders for a while. Since this is a retirment account not being able to trade the account for a short period of time should not be an issues.

...and a person recommended that I choose one Index/ETF for now. Thoughts? (see below)....

There are lots of good options and the big thing at your stage is actually saving the money and getting into good low costs investments. One to three index funds would be fine for the next few years.
Print the post  

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement