gregorygarver.com

[georgep]

I try to keep my investments in diversified mutual funds. Currently have equal percentages in Real Estate (REIT), International Equity, Mid Cap Growth, and Large Cap Growth. I have no idea how these compare with other fund families. I'd really like to meet with a financial planner, but don't know where to start. Any suggestions?

[newjerseyguy1198]

You can see how they compare with peer funds at www.morningstar.com or www.lipper.com. My only criticism of your portfolio would be to suggest adding a bond (fixed income) component.

[Ranto]

Yes. TIAA-CREF has a great reputation.

[ezelion]

TIAA-CREF is often one of the few options given by large employers as part of their defined contribution plans. Their advantage is low(er) management fees, which in the long run, can add significantly to your returns, provided they do well.For the TIAA-CREF portfolio that I gave advice on a few months ago, I tried to assess the investor's knowledge of the market and his investment horizon. Since the funds were not likely to be needed for the next 25 years, and he was willing to take some risk, I suggested he invest 75% of the amount in a target fund (e.g. one that automatically adjusts so that it is in "retirement phase" in the year you need it, like the TIIA-CREF Lifecycle 2040 if you plan to retire in 2040 http://www.tiaa-cref.org/lifecycle/ ) and 25% in a broad emerging market fund, since that's where the growth will be over the next few decades. Again, it all depends on your comfort levels, whether this is a long-term investment, a retirement investment or a short-term need, and your other savings and investments and priorities.TIAA-CREF will probably have trained staff who you can speak to at no charge to help you with your investments there and explain risks and returns. Your bank will also have an advisor who can provide you with good advice. A third, and recommended option is to find an independent investment advisor who can give you holistic advice on shaping a broader savings plan, but be warned, they usually work on commission, so ask around and get referrals from friends who you know have done well and been well advised, and meet a few to find one you're comfortable with. And nothing beats doing some of the groundwork yourself to learn more about where and how your money is being used and invested, and that should help you sleep well (This answer was longer than i expected it to be)