Mutual funds or Roth IRA or stocks or...?

[NatePo717]

It's either the chicken or the piggy.

 

[serialkiller]

Originally posted by: DaveSimmons

Originally posted by: serialkiller
is there a certain company i should go with for a IRA roth? My dad uses Principal so I was going to go that way. Any opinions?

Sorry to thread jack OP, my opinion the roth will probably pay off in the end....

vanguard.com and VFINX.

S&P 500 index mutual funds are the benchmark that almost every other investment compares themselves to trying to convince you they are better, while using some carefully selected time period and/or ignoring their much higher risk.

An S&P 500 fund is a great long-term, low-risk investment and a great first investment before diversifying into worldwide and small-cap funds.

PS - nice link redgtxdi, I should get that for my brother who currently has his IRA funds invested in bank CDs(!)

Awesome, Thanks... now that is what I call useful info / great opinion

 

[Maetryx]

Do yourself a favor and purchase the highly readable, life impacting book The Only Investment Guide You'll Ever Need by Andrew Tobias (treasurer for the Democratic National Committee... but don't let that scare you if you're not a Democrat... flat out doesn't matter for this book).

 

[serialkiller]

Originally posted by: Maetryx
Do yourself a favor and purchase the highly readable, life impacting book The Only Investment Guide You'll Ever Need by Andrew Tobias (treasurer for the Democratic National Committee... but don't let that scare you if you're not a Democrat... flat out doesn't matter for this book).

sounds good, was looking for something like this. I think I will hop on this offer, thankyou.