Hello fellow 'stachians,
First of all, I hope that I'm posting this in the right place for maximum help. I want to switch over to index funds in Vanguard. Right now, my wife and I have Roth IRA accounts with American Funds, and the accounts were opened by our financial advisor about four years ago (we found this advisor by searching for an ELP through the Dave Ramsey network). Here's what's in my account:
1. Capital World Growth and Income Fund, Class A, CWGIX: Front load = 5.75%, Expense ratio = 0.77%, Yield = 2.29%
2. Fundamental Investors, Class A, ANCFX: Front load= 5.75%, Expense ratio = 0.60%, Yield = 1.34%
3. American Mutual Fund, Class A, AMRMX: Front load = 5.75%, Expense ratio = .58%, Yield = 1.96%
4. AMCAP Fund, Class A, AMCPX: Front load = 5.75%, Expense ratio = 0.67%, Yield = 0.00%
5. Smallcap World Fund, Class A, SMCWX: Front load = 5.75%, Expense ratio = 1.10%, Yield = 0.00%
6. New World Fun, Class A, NEWFX: Front load = 5.75%, Expense ratio = 1.04%, Yield = 0.58%
My wife's account:
1. The Growth Fund of America, Class A, AGTHX: Front load = 5.75%, Expense ratio = 0.66%, Yield = 0.57%
So that is what our Roth's look like. We have a total of about 25k in our accounts (19k in mine, about 6k in my wife's). I know, it should be a lot more after four years, but we've been aggressively paying down our mortgage, which will be gone by Feb. 2017 (awesome). But that just means that we will have another 4k to start pumping into our Roths, and I don't want to throw good money after bad.
Do those percentages look atrocious? From what I have read over the past several months, those are not the greatest numbers to have (I'm not sure what "yield" refers to, but the front load fees and expense ratios don't seem very good). I would LOVE to get some advice on what to do with these American Funds accounts. Thanks!