Roth IRA Portfolio Change VWO
As I mentioned in an earlier post, I have been sitting on the sidelines as this market seems to go from bad to worse. Well, today I got off the sideline and took a nibble. I added 20 shares of VWO at $97 to my Roth IRA. The coming weeks….err months…..I mean years….oh I mean 3 decades will tell me whether this was a better decision than sitting on my cash. What do you think? A 30 year time horizon. I think VWO will do quite well.
VWO is the Vanguard Emerging Markets ETF. It basically mirrors the MSCI Emerging Markets Index so it’s a well-diversified global play which should correlate poorly with my large cap holdings. Exactly what I’m looking for. It carries an expense ratio of 1.01%.