I am presently retired with a stable income. That said, I have a bit of extra cash not accruing any interest and am considering a Vanguard mutual fund…VTSMX. My time horizon for this fund is 5-10 years…and I'm moderate to aggressive in terms of risk.
It will not be sheltered in any retirement tax deferred plan…and simply subject to taxes.
It is money I can afford to risk in the stock market which is why I'm leaning toward the total market index versus a SP500 Index fund.
Any thoughts whatsoever will be appreciated.
I have no idea about Mutual fund and tax liability in US, so I am unable to answer your question. Sorry for that.
But in my view; as US economy is stable now and going up move and may be it will be still in that way, you can use some balance fund (up to 50% equity and debt). In India we put our money in Mutual fund called Monthly Income Plan (MIP) in which up to 80% in debt, up to 15% in equity).
Thank you for your question.