Gary Ambrose

You don't want to pick a family that just created a fund they don't have a history in.

You don't want to pick a family that just created a fund they don't have a history in.

People have to minimize the use of home equity for short term financial needs. Get your budget in order. Home read more

People have to minimize the use of home equity for short term financial needs. Get your budget in order. Home equity lines of credit are for long-term financial needs. They were not meant to buy cars and trips and fuel overspending.

Technology funds and small-cap funds are where the volatility is going to be.

Technology funds and small-cap funds are where the volatility is going to be.

Set the ground rules and make sure it feels right.

Set the ground rules and make sure it feels right.

I would prefer a total stock market fund if it's going to be their only investment, but if it's the read more

I would prefer a total stock market fund if it's going to be their only investment, but if it's the first of many funds I'd go with the S&P 500 Index Fund.