Our fund transfers finalized last week. Had a few hick-ups (typo on my part) and Fidelity helped me resubmit the paperwork. Then we went camping and here I am again managing our finances.
I transferred hubby's Roth to Vanguard (from Edward Jones -- they were still in cash form since I cancelled with EJ before they purchased anything) and invested in VDIGX and VASVX. He also has TSP, in all the funds but mostly in C, S, and I. I think the allotments were 5, 5, 40, 30 and 20%. I'd tell you for sure but I again lost the password and requesting them to send another one :/
My Roth is with Fidelity. We have a joint TESIX Franklin Templeton and the rest are various American Funds (AGTHX, AWSHX, etc). I did have some cash and just bought FMEIX.
Last night I was researching each of my American Funds (Yahoo, Morningstar, Market Watch, etc) and on USNews, I saw more less this on the side:
Scorecard
Morningstar 4 / 5 Stars
Lipper 54354
Zacks Investment Research 4 (Sell)
Standard & Poor's 5 / 5 Stars
TheStreet.com E+ (Sell)
When I input NEWFX (and similar results for NEWBX -- B shares of the NEWFX). Since both Zacks and the Street said to sell and I did buy them when they were much lower (had them for 10 years now I think and most were purchased between '07-'09), I sold those two and hope to use the cash to buy something else --- FMILX I think.
I want to eventually sell all the loaded funds (even though they are doing well) because according to the Market Watch fees gadget (and SigFig, the app/website I use to monitor all our investments), I'd be better off replacing them with a no load fund. But USNews (via Zacks and The Street) said to hold.
Are those two sites reliable? On a couple of my American Funds, Zacks said to hold and The Street said to sell (and vice versa). Or should I just sell, no matter what and as SigFig recommend (and Market Watch shows a couple hundred of savings in fees in 10 years), to buy something similar with no load?
I don't plan on doing a lot of buying and selling in the future. I just hope find some great funds and rebalance once a year. But right now, I have 14 more to sell and needing help on knowing when.
Also, is there a good formula on how much to allocate? I seem to like mid and large caps. We're 36/39 yrs old. When I was with Edward Jones, my old advisor said it's nice to pair growth with value. I was looking at some utilities too, from Fidelity, and that seems like something steady. Advise?
Thanks!!
