I just say that because I don’t trust my financial advisor and it is a actively managed fund and a target date fund of 2065 since I’m 22 but it has the highest expense ratio out of all of them at 0.81 and it doesn’t even outperform the s and p 500 when it shows growth of 10k and I invest in my Roth IRA Vfiax which is purely s and p at a much lower expense rate .04. Should I not even worry and just put whatever I can’t contribute into my Roth into the target date fund?
I should’ve mentioned this. I currently have 21k sitting in the bank ready to invest roughly 11k keep 10k as an emergency fund when I settle which funds I want to invest in. My income is $1,666 and hope to invest around $1300 a month. This will obviously max out my Roth but I don’t want to put it in a 401k if it’s going to lose me money in the long run and there could’ve been better options. And I’m definitely trying my best to increase my income so I can contribute more in the future but living frugally is all I can do for now.
InfiniteImmortality OP t1_j2f74jf wrote
Reply to comment by nkyguy1988 in What order of investment options should I focus on investing in first? by InfiniteImmortality
I just say that because I don’t trust my financial advisor and it is a actively managed fund and a target date fund of 2065 since I’m 22 but it has the highest expense ratio out of all of them at 0.81 and it doesn’t even outperform the s and p 500 when it shows growth of 10k and I invest in my Roth IRA Vfiax which is purely s and p at a much lower expense rate .04. Should I not even worry and just put whatever I can’t contribute into my Roth into the target date fund?