Hi! So last year I introduced myself to the investment and personal finance world. I'm 24 yo, non-US citizen and I'm looking to get results in the long term (+25 years)
The reality is that I don't have the time or knowledge to analyze the market and make proper investments on my own, so I decided to open an account with a local broker that invests in BlackRock mutual funds (BlackRock Managed Index Portfolios – Growth) and stay with DCA strategy (on monthly basis). The broker charges me 1% per year based on my portfolio (on a quarterly basis)
So far I have managed to form the habit and do it consistently even though it was not a good first year for investments 🙂
Last month I got a promotion at work and I have an additional amount of money to invest (apart from my savings, emergency fund, etc.) and that is why I am looking for some opinions.
The BlackRock mutual fund already invests in S&P 500 ETF (9.68% of the fund's total holding). Is it reasonable to want to invest in another broker just the S&P 500 ETF as a way to further diversify my investment? I'm planning to use the DCA strategy too (on monthly basis). The broker charges me USD 9.95 per investment to the ETF (so basically it'll charge me per month)
What do you think, should I diversify my investment between the mutual fund and the ETF, or should I increase my current investment in the mutual fund since I already have holdings in the ETF? I am also thinking about expenses, since the mutual fund broker charges me a percentage for my total holdings…
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