Hello everyone!
I am hoping for some opinions and options, I am attempting to put some money in the market that I do not plan to touch for at minimum 5+ years however I do want access to it in case of emergencies, it is for a possible home down payment or just more money towards retirement.. I currently have a Roth IRA that starting next year will be maxed out every year, as well as a Roth 401k that I am currently putting very little into. The fund options for the 401k are terrible and since I plan to move jobs within the year I plan to put the money into this new account I am talking about.
I am looking to start with the minimum investment of 1k-3k and then just make contributions as I go. I have about 6k available cash that I would like to work with, So I could not afford to buy 2-3+ funds at the 3k a piece price. This lends me to thinking I just have to pick a solid fund and work with that. I am looking at the Vanguard Moderate Growth Life Strategy Fund, or the Growth Strategy Life Fund as options. From my basic knowledge these appear to be decent options besides picking one of the total stock index funds and just holding onto it. In the future when I have 10-20k to work with I would like to diversify into 3-4 of the funds that require 3k minimums but I do not have the money to do that now. So I am also interested in minimizing the tax implications of that eventual move.
Sorry for the long winded (hopefully that made sense) post, and thank you for your help.