This spring I deposited into both ROTH and traditional accounts. I need to select funds to invest in and I'm unclear about what to choose.
Occasionally, I read Morningstar and have learned a few details, such as keeping expense ratios low and the importance of holding rather than selling. This week, I read about tax benefit of ROTHs for earning dividends. Previously, I experimented with mutual funds (listed below) and now I see that FSRPX wasn't a strategic choice for earning dividends.
Should I buy another fund but hold the FSRPX shares that I own? Or, should I sell the FSRPX shares to buy more of something that pays dividends? Does it really even matter?
Trad IRA:
FCNTX Fidelity Contrafund
ROTH IRA:
FSRPX Fidelity Select Retailing Portfolio
403(b):
FUSVX Fidelity 500 Index Fund
401A:
FXSIX Fidelity 500 Index Fund
FCNKX Fidelity Contrafund K
VMCIX Vanguard Midcap Index
VSCIX Vanguard Smallcap Index
Is it helpful to work with a financial advisor? I'm really interested in learning. Thank you.
Occasionally, I read Morningstar and have learned a few details, such as keeping expense ratios low and the importance of holding rather than selling. This week, I read about tax benefit of ROTHs for earning dividends. Previously, I experimented with mutual funds (listed below) and now I see that FSRPX wasn't a strategic choice for earning dividends.
Should I buy another fund but hold the FSRPX shares that I own? Or, should I sell the FSRPX shares to buy more of something that pays dividends? Does it really even matter?
Trad IRA:
FCNTX Fidelity Contrafund
ROTH IRA:
FSRPX Fidelity Select Retailing Portfolio
403(b):
FUSVX Fidelity 500 Index Fund
401A:
FXSIX Fidelity 500 Index Fund
FCNKX Fidelity Contrafund K
VMCIX Vanguard Midcap Index
VSCIX Vanguard Smallcap Index
Is it helpful to work with a financial advisor? I'm really interested in learning. Thank you.