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A place for Get Rich Slowly readers to ask questions
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It is currently Fri Jul 25, 2014 8:04 pm




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 Post subject: Opening a RothIRA but not sure what to invest in
PostPosted: Sat Sep 15, 2012 4:59 pm 

Joined: Sat Sep 15, 2012 4:37 pm
Posts: 2
New member here.

I'm 33yrs old & I have a 401k through my job already w/ 3% match for a total of 13% before tax. I have a vanguard target retirement fund & company stock.

I plan on opening a Fidelity roth ira account w/ 2k & $250 a month on top. Since my 401k is through fidelity also I figured it would be easier to have them all under one roof. I'm just not sure what to invest in, I have asked many coworkers & friends but everybody seemed very vague about what to do, but they all talk about how good they are picking investments.

My question to you guys, based on what I posted what would your advice be on what to invest in. I dont mind taking on risk for a good return.

Thank you in advance,
Eddie


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 Post subject: Re: Opening a RothIRA but not sure what to invest in
PostPosted: Sat Sep 15, 2012 5:10 pm 
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Joined: Wed Sep 23, 2009 9:01 am
Posts: 5286
My suggestion would be a low cost stock index fund. Vanguard Total Stock Market would be my first choice but I suspect Fidelity has one that is about the same. Just make sure the expense ratio is very low (0.5% or less) and definitely no load.


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 Post subject: Re: Opening a RothIRA but not sure what to invest in
PostPosted: Tue Sep 18, 2012 5:44 am 

Joined: Sat Sep 15, 2012 4:37 pm
Posts: 2
Thank you, I have started my research on low cost stock index fund & you were right on the money. I look foward to opening my account this weekend.

Eddie


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