I have an investment account, opened in my name by my father years ago that I just discovered 4 months ago. It has actually been doing decently well in the last 4 months since I discovered it. I started with $4,600 and it is now worth $5,070 - so about a 10% gain in 4 months.
However, I ran some reports on the performance of the S&P 500, NASDAQ and Dow Jones and they all seem to be out-performing this account, if I'm reading the graphs properly.
I am relatively new to investing, so I very well could be reading the data wrong. If so, I'd appreciate help on that point. Otherwise, should I pull my money out of this account and go with something closer to the average of these other standards?
As a note, I need something pretty low maintenance because I don't do this full-time by any means. I would just like to keep my money growing at higher than a savings or money market, with a low to moderate amount of risk.
To clarify, my account is with BlackRock and the fund is titled "MID CAP GROWTH EQUITY-CLASS A" if that helps. Not totally sure what that means.