The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: tambo on February 17, 2017, 04:41:25 PM
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I'm so sorry in advance. I'm sure this is a ridiculous question. I recently opened a Roth IRA on Vanguard with $3,500. Then I bought $3,500 of a Retirement plan mutual fund that states it invests its fund 90% equities, 10% bonds. But on Vanguard my portfolio shows I have 50% in short term reserves. But all of my $3500 is in the mutual fund. Does that mean the fund is keeping 50% in reserves? And why?
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What fund did you buy?
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Vforx
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Vforx
Hmm that's odd. Maybe the transaction didn't go through yet?
Someone else will chime in I'm sure.
I was auto enrolled into a target retirement fund and recently switched to lower fee index funds. Read JLcollins stock series if interested. Highly recommend his book, simple path to wealth, as well.
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If you are referring to the asset mix, that usually takes a day or so to update after a purchase is made. Check again once the transaction has been completed and it should have correct to the proper assets mix.
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In my experience, Vanguard has excellent customer service - I'd try calling their customer service phone number and asking them about it!
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Thanks! Yes, it seems it just took a few days after posting to update. It was showing the $3500 still in reserves and the same $3500 in the fund. It has now updated, showing the 90/10 profile that I expected.