I'm new to IRAs. I'm 31 years old. Last year I opened my first IRA.. a traditional IRA. For months it's been sitting in my ShareBuilder / ING Direct account. It seems like there must be a better use for it. There is only $5,000 in it. I probably will not be able to contribute again this year. So I just intend to have the $5,000 until I'm employed again.
My first thought has been to invest in stocks.. but I've had terrible luck with stocks in the past. Or putting it into one of those Vanguard accounts that people think is good for IRAs. As I read investment forums though many folks feel it's a bad time to be investing in stocks due to a possible second global downturn.
Basically, I am just hoping to get some opinions. What are the best returns right now for an IRA account? I want to move the money somewhere or do something with it to get a return on it instead of it sitting there. I'm just honestly not sure what to do with it. I'm relatively new to investing and this is my first IRA.
Hoping to get some good ideas.
Thank you very much!