I started a vanguard Roth IRA about 14 years ago and just left it in one stock fund and it did pretty well. Unfortunately, during the pandemic I didn’t make contributions because the market was crashing and no one told me I could put it into a federal money market fund…then last April I took it out and put it in the federal money market fund with a loss. I should’ve just left it in because the market went back up.
3 days ago, I put it into a personal managed fund, which has it in several different funds… today I noticed it had purchased 2 funds, one that was international bonds and one that is international stocks. Somehow, I was not aware of that and I think maybe this is too risky. I’ve made an appointment for Monday and I’m thinking I should just take it out and put it back into what it was in before which was all stocks but all in the US market companies except for 2.5% international. I had it set up to reinvest the dividends
I’m not sure what to do here really because somehow I’ve been so exhausted, when I talked to them, I didn’t realize so much of it was going to be in international stocks and bonds which I think is more risky. It’s not a lot of money there so I’m not gonna be paying huge fees, before I wasn’t paying any.
I’m not sure what to do…the fund that it was in before was VDIGX growth fund I think. I can’t remember the exact letters, but I will come back to include that when I find it, it‘s not on this device. This did pretty well I think on average it was 8 to 11%. Maybe I can’t seem to really find that since they seem to have wiped all the information out before a certain point now.
I’m wondering if there are other funds they have which would do better than that though?
So, I’m thinking I should take it out of the personal management and put it back into what it was in maybe what do you think? But maybe diversify some US bonds too. I will be talking to them on Monday and I’m gonna be stressing the whole weekend about this thinking why did I do this which could be more risky than what it was in.
The good thing about this is I don’t have to take anything out for another 10 years or so and I can’t be taxed at all. And as long as I’m working, I can keep contributing they said. So I want to build up as much money there as I can for those reasons.
I also have three inherited IRAs that I have to figure out what to do with and this is all becoming extremely stressful. One of them is not even invested. It’s in Interactive Brokers and I was thinking of switching that to one of the other inherited IRAs, where it is invested.