were to invest 1500.dollars a month

starting in jan a can investing 1500.00 a month for ten years

SAVAGE SAYS: Well, that’s a pretty incomplete question. I have no idea of your age, risk tolerance, or total financial picture, so it’s like asking a doctor to prescribe a medicine without knowing the symptoms!? But I’m going to take a guess, and say that you’re probably in your 40s and trying to create a retirement account. I’d go to a major mutual fund company like T. Rowe Price or Vanguard or Fidelity, and divide the money. I’d put about 50 percent into the S&P 500 index fund each month, another 25 percent into a balanced fund, like the T. Rowe Price Equity Income Fund, and maybe 5-10 percent into a gold or natural resources fund as a hedge against inflation — and maybe leave the rest in a money market fund, so you can sleep well at night.

Of course if you really want to diversify, there are many ways to do it — and you could buy small-cap funds, international funds, etc. Or you could use the Vanguard STAR funds (which in invest in many funds) or the T. Rowe Price Spectrum Income and Spectrum Growth funds, which give you broader diversification among their other funds.

The most important thing with a plan like this is to STICK WITH THE PLAN –and not get scared out when things look ugly. This is too much money for an IRA, so I hope there’s some way you can get tax-deferred growth out of part of your investment.