Re: Roth IRA - Need Help
 

So I decided to go with Fidelity as the initial buy in only needed to be $200. Have $500 in the Fidelity Freedom 2050 which is 88% Stocks (24% Foreign), 9% Bonds, and 2% Cash, so pretty aggressive.

The way the 2050 fund works is that it is transformed the closer we get to the year 2050, moving from a more aggressive growth oriented stance to a value focused portfolio as my chosen retirement date gets nearer.

Fidelity isnt as highly regarded as Vanguard and some other investment firms, but I think the experience I will gain by getting involved early will be valuable none the less.

Re: Roth IRA - Need Help
 

The SPDRs basically segment the S&P 500 into industries (Financial, Energy, Utilities, etc). I view it as a much safer investment than investing in a single stock, as the funds simply represent a sector of the economy - it's a passive approach to investing.

In any case, when the market tanked I invested in both the Energy and Utilities SPDRs. I won't say how much I invested, but the return so far has been around 25% plus dividends. Not too shabby.

Re: Roth IRA - Need Help
 

Completely agree. I think the most important thing for anyone is to get started right now. An extra year of your money compounding can add tens of thousands of dollars or more to your retirement.

My other regret is that my parents didn't start me a Roth when I was born, or as soon as they were available. Or that I didn't know about them soon enough to start one myself when I was a teen.

Re: Roth IRA - Need Help
 

No shit. PM me those SPDR's, please. :D

Roth IRA Need Help
 

My first real job had a 401k that I invested in. The company went through some difficulties, laid me and a bunch of other people off, changed strategies, did a reverse stock buyback, and fixed themselves. My account went from 4k to about 13k in a couple of years.

Id like to roll this whole thing over into a Roth IRA if possible.

How would one go about doing this?