Just opened a Roth IRA with Etrade. What should I invest in?
I’m 19 years old and I am trying to get an early start on securing my financial future. I just opened a Roth IRA with Etrade and I haven’t a clue what specifically to invest my money in within the IRA. I also opened a regular trading account to buy and trade stock. What do I do now? This all new to me and i’m just trying to acclimate myself to investing. Any suggestions would be greatly appreciated. Thanks.
Filed under: Retirement Planning
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I would use mutual funds because there is far less risk. Look for mutual funds that have a manager that has been with the fund for 5 Years or more and mutual funds that match your risk tolerance. Morningstar.com can help
take a chance….. lcc US Airways. Put a sell in at $6
Take it from someone that loses money each time I try to invest in anything (unless I short).
STAY OUT OF THE MARKETS
Buy a one year cd and wait out this recession.
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Go with a target retirement fund. This will automatically invest a proper mixture of stocks and bonds and will become conservative as you near retirement.