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Reply to "mutual fund selection advice"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]personally I think you are chasing returns and are likely to be disappointed. I would just go for a broad based index fund and whatever industry does well you'll get a share of those gains.[/quote] OP here. I tend to agree with this, but the IRA I'm rolling it into already has maybe $15OK in it with mostly index or large cap growth type funds. Shouldn't I diversify a bit more?[/quote] no. you are diversified by being in the broad market. if you have no int'l that might be a way you could diversify, but I wouldn't try to diversify by putting money into sector funds. I once had a brokerage employee tell me I wasn't diversified unless my money was in different mutual funds and I laughed at him and rolled my funds to somewhere else.[/quote]
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