01-11-2013, 09:54 AM
Generally in my opinion, the smart move is to have a large chunk of your allocation in an indexed mutual fund. Something that tracks an index therefore the management costs are tiny. 70% of all mutual funds do not beat the market anyway, so for me, the long term investment with no overhead is a no brain decision.
I also have a large portion in Pimco Total Return which is technically a bond fund and considered "not wise" for someone my age, but well, PTRAX has returned on average 7% for the past 15 years. For a low risk bond fund...7% a year?? Sign me up for that.
I also have a large portion in Pimco Total Return which is technically a bond fund and considered "not wise" for someone my age, but well, PTRAX has returned on average 7% for the past 15 years. For a low risk bond fund...7% a year?? Sign me up for that.