Thoughts on this mutual fund.

[Majan]

So I'm new at the mutual fund thing, and thought that I would get some feedback on this one:

ingdirect.com/products/products

I'm looking for long term growth, and this one seems to fit it perfectly. Morningstar gave it a 4 out of 5, as well. Just thought I would see what others thought.

[Ima saver]

I think you need to go with an index fund. This fund only invests in financial services. I also think you should chose Vanguard because it is no load and very low fees. I reccommend Vanguard Index 500 or vanguard total stock market.

[sweeps]

I agree with Ima. That fund may do well since banks have been somewhat undervalued recently. However, it is risky because it so specialized. Also it has a 1.17% expense ratio, a 12b1 fee, and a 5.75% front end sales load -- according to Yahoo Finance.

[Ima saver]

Thnnks sweeps, I did not know about the sales load, you never want to pay that. You are right, the fund is too specialized for a first time mutual fund.

[jmjj215]

You may want to consider a Target Retirement fund of vanguard's as well - a bit more diversity, and automatic reallocation as time passes. I'm a fan.

[Bluezy]

I like my T Rowe Price Retirement 2040. It's diversified for me and adjusts as time passes from aggressive growth to conservative income.

[PRICEPLUS]

Take a gander at Exchange Traded Funds as well as Mutual Funds.

[lucasrd]

I have about 15K invested in the ING Large, Mid, Small, International, and Realestate funds...thus far I've been pretty happy.

[poundwise]

If you want to consider ETF investing, as has been suggested above, you may find this article to be a useful primer:

Get Going With Exchange-Traded Funds (Kiplingers)

[markio26]

all of the replies are helpful... just research more and keep informed.... this is what i hear over and over from my rich friends... they tell everyone they speak to, employees, bankers, business owners, friends,,, keep me informed... i would suggest to you to invest with the pros in a balanced fund.. we use vanguard wellington.