Hey I need help
I have a Roth and another retirement account
Every check about $50 goes to a stock called
can I get some insight
Should I up my money that goes in or change the stock how much should I be looking at for the next few years. Any advice would be appreciated. I know nothing if stocks just wanted some money put up that I know I wouldn't miss and wouldn't touch
ACVAX is a mutual fund. You're basically paying somebody (passively) to invest in various companies for you. With a 1.4% expense ratio, I'd look elsewhere. Is this Roth account set up by your employer? Talk to HR about your investment choices if so.
As for how much to put in, that's up to you. I'd do at least company match if that's available to you. That's what I do with my 401k.
I've been maxing out my Roth the last 4 years. Have an account with Vanguard who seems to be generally well-received and their expense ratios are almost zero.
there's other companies I could invest in as well
also there's a general account that's 4% doesnt go higher or lower stays at 4.
I picked acvax cause the numbers looked high in the percentage compared to the 4% and the lady said it was aggressive and that its a good stock since I'm young. Now starting to feel duped by her word play
Aggressive sounded great to me and she was cute
She is our designated mass mutual person or whatever point of contact
Well you're not really investing in a company but an aggregate of companies that were put together by somebody else. That's where the expense ratio comes into play. The people who manage that portfolio takes a cut. Talk to your Mass Mutual lady some more and check out other options. 1.4% seems to be on the higher end, but since you've just started your account, that percentage is probably negligible.
Yes, an aggressive mutual fund is a good idea for someone young and can afford the potential losses that comes with it. My Roth investments are currently 100% stocks, which has done great for me especially because I first started the account AFTER the "Great Recession" but is certainly not for the faint of heart. If market starts going awry, I figure to lose a good percentage but it wouldn't be too big of a loss in terms of total $$$ because I'm fairly new to the game. I put in $21k since opening the account in Dec 2011; my account's currently at $30k. Basically free $9k in 3 years! Of course, I could've just as easily lost $9k in those 3 years. Once I've amassed a more substantial amount of money in the account, I'll shift gears and start putting more money into bonds instead of stocks.
Good luck if you're holding long term. I just can't see the brand expanding any further.