All you mutual funds/investment "experts"..........tell me if this is a good way to start for a student:
I plan to build a mutual funds portfolio at institution X with $500 in a moderate portfolio set by the bank and $500 in a custom-built portfolio where all the funds have had high positive returns. This way, I'm kinda balancing my risk..........if the custom portfolio is not performing as well, I can transfer the funds to the moderate one. Really what I'm looking for is saving $$$ and getting returns over 10-20 yrs. What do u think??
I plan to build a mutual funds portfolio at institution X with $500 in a moderate portfolio set by the bank and $500 in a custom-built portfolio where all the funds have had high positive returns. This way, I'm kinda balancing my risk..........if the custom portfolio is not performing as well, I can transfer the funds to the moderate one. Really what I'm looking for is saving $$$ and getting returns over 10-20 yrs. What do u think??
