@Misspag wrote:
Thank you, Opus 17,
I'm currently investing 50% into 0829 Voya US Stock Index Portfolio - Institutional Class and 50% into 0487 American Funds The Growth Fund of America -Class R-3. Is there another fund that you would recommend instead?
Thanks,
misspag
I don't know anything about Voya funds, and I don't give investment advice. But you started out saying you "can't get any information" which is not quite true. You can look up funds at Morningstar, here is the first one.
https://www.morningstar.com/funds/XNAS/INGIX/quote
You can review performance, risk, strategy, and holdings. It seems to be a fairly solid if not spectacular large cap growth fund, with a low expense ratio (the institutional class seems to have an expense ratio of 0.27% which is quite good. Higher expense ratios are like a hidden tax. If you were in the A class, with a ratio of 0.80%, you would earn $100 less per year on a $10,000 investment than someone in the I class.)
The other fund is very similar, although the expenses are a bit higher.
If I had any suggestions to make, it would be that both funds are large cap growth funds, so they have the same broad strategy and a similar mix of holdings. You might consider investing in a fund with a different strategy, like income, or small cap (small cap stocks are more risky than large cap stocks but sometimes perform better).
I think you probably have a decent mix of mutual funds to choose from at Voya, even if you can't invest in individual stocks, and you can use Morningstar and other sites like Yahoo Finance to look up and review the performance of each specific fund option you have.
