Good morning everyone,
Following the advice in TMF , I'm trying to get a 5% return or higher on the money I invest, while trying to minimize risk. I know everyone's scenario is different, so let me explain my current position:
- I have about 35k in a tax deferred account (can't add money to it because of its type), that I'm only taxed when I withdraw.
- I'm educating myself as much as possible with options, bonds, and mutual funds, etc.
- The goal is to get at least 5-7% returns.
My brokerage advisor suggest I take 25k, and put it in Amerivest Core Mutual Fund Portfolios, keep 5k in cash for withdraws, and 5k to play with options, bonds, etc.
Just wanted to know if that sounds like sound advice, and has anyone had any experience using Amerivest?
Following the advice in TMF , I'm trying to get a 5% return or higher on the money I invest, while trying to minimize risk. I know everyone's scenario is different, so let me explain my current position:
- I have about 35k in a tax deferred account (can't add money to it because of its type), that I'm only taxed when I withdraw.
- I'm educating myself as much as possible with options, bonds, and mutual funds, etc.
- The goal is to get at least 5-7% returns.
My brokerage advisor suggest I take 25k, and put it in Amerivest Core Mutual Fund Portfolios, keep 5k in cash for withdraws, and 5k to play with options, bonds, etc.
Just wanted to know if that sounds like sound advice, and has anyone had any experience using Amerivest?
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