Best Answer
WOW...... there is no answer for %26quot;you%26quot;.You need to develop an %26quot;asset allocation%26quot; model for yourself based on your goals, risk tolerance and time horizon.
%26quot;Asset Allocation%26quot; is the best predictor for portfolio success.... (much more than picking the top fund or funds, over the long haul).
Read some books on Mutual Funds. Start with the %26quot;Mutual Funds For Dummy%26#039;s%26quot;. Paying $160 a year to Morningstar is not a bad idea also (premium service).
Bank Of America is %26quot;OK%26quot; for Mutual Funds... but a better broker would be Schwab or Fidelity%26quot; Both have a tools to help you select funds. I think Schwab is the best of the group (for this).
One more warning. DON%26#039;T CHASE MUTUAL FUND PERFORMANCE. The very Hot fund the last couple of years may be the worst for the next few years. That%26#039;s why an %26quot;asset allocation%26quot; will give you a balanced, broad exposure.
Other Answers (2)
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If you%26#039;re going to invest only in mutual funds, I%26#039;d open it direct with a good no-load fund company like T. Rowe Price or Vanguard. BofA isn%26#039;t known for good customer service.
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