Wanted to get some input on what to do with an investment and where to move it.
Currently have roughly 5,000 and some change in AGHTX Class A Mutual Fund with about 120 shares, this was once a CD that a family member bought for me which has now matured and I am thinking about rolling all the money into an index fund. In looking at the performance of the fund, which I have had for quiet some time it's ten year return has been .77.
- Should I move this money to an index fund or just let it sit? It appears this fund got hit really hard in the recession but has done fairly well since.
Second question/idea. I have 12,000 sitting in a high interest savings account. This is my emergency fund. I have been considering talking 6,000 of that and putting it in some different index funds.
My initial thoughts were to put a little in each month so that I enter the market when shares are at varying price points to get an average. It appears though that if I were to choose something like Vanguards fund (VTSMX) I would have to start with a $3,000 minimal investment, and I might as well dump all of the 6,000 in.
- Should I dump 6,000 into one fund? Should I invest in different index funds international/S&P, etc. ?
My goal would be to leave money in the index fund as another retirement vehicle or for ER. Currently I have 13,000 in a IRA Roth, 12,000 a six month emergency fund, 2,000 in savings, 5,000 in the mutual fund.
I am 28 years old and would like to retire early or be able to take mini retirements without worrying about the need to find a job immediately upon return.
Any thoughts ideas would be useful, majority of the books I have read and of course MM are big proponents of index funds a investment strategies but I am open to other ideas (except annuities!).