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Old 08-16-2005, 01:37 AM
ChromePony ChromePony is offline
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Join Date: Jul 2004
Posts: 71
Default Re: ING Mutual Funds

[ QUOTE ]

Several questions:

1) do you want these investments to be liquid on demand?
2) are you setting up an IRA?
3) do you HAVE an IRA?
4) what is "several grand?"

[/ QUOTE ]

Yeah, after reading around a bit Im thinking the best bet for me is the basic Vanguard S&P index that people seem to be talking about, sounds pretty low risk and should hopefully out perform the 3.15% at ING.

Im a little unsure about the whole IRA thing. Everyone seems to say that you should just max it out every year, but Im not really sure when Im going to want the money at the moment, its quite possibile it will be before retirement, since thats like 40 years down the road.

So the new question is...is it still advisable to fill up the IRA over adding to the S&P index even if I may want to cash it out in say 5-10 years?

Oh and I would like 'several grand' to be in the neighborhood of 10k in the next few months, assuming I can keep running goot [img]/images/graemlins/smile.gif[/img]
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