No. of Recommendations: 0
Okay, I'm at my bank opening an account for my son and they are asking me about 529s and we are talking about those and the conversation comes around to retirement and they are suggesting Davis NY Venture (NYVTX and/or NYVBX).

I try and look it up on Morningstar but am confused about the way the information is presented there. To me the first fund (NYVTX) is a load-bearing equity fund (4.75%) he little I know of funds, front-load funds are more expensive to invest in--is that true? It's expense ratio is 0.92. The other fund in that family (NYVBX) does not have a front load but does have a 4% deferred load and it's expense ratio is 1.72. They both seem to do better over the S&P in the long-term.

Since I am new and learning about funds, I am wondering if this is a good fund to roll my orphan 401K into (only about $1500).

My current 401K is in a Vanguard Index Fund. Dh's annuity fund is in a "conservative journey" through Mass Mutual (about $35,000). Asset mix targets are 15-45% equity funds, 55-85% fixed income/short-term bonds. I am 38, dh is 35. Dh also has a pension that he collects pension credits for. I am not sure how many he has collected so far but he has been working for the union for about 10 years.

We own our home. We are also in the process of paying off debt.

My dad (who is a financial planner) suggest a different fund, one that rebalances in reaction to market changes. However, I am inclined to believe that if you are constantly reacting to market changes, your gonna lose alot of money. He is an intelligent man but not exactly FI (not even in the zipcode) and tends to be a bit controlling so I take his advice with a grain of salt.

What do you think?

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.