Money & Investing Learn how to get rich on the housing bubble and the bull market…

Opened up a Roth IRA with Scottrade

Thread Tools
 
Old 02-08-2005 | 11:35 AM
  #1  
Adam_Schwartz's Avatar
Thread Starter
Banned
 
Joined: Jun 2003
Posts: 3,146
Likes: 1
From: Spring, TX
Opened up a Roth IRA with Scottrade

This morning I opened up a Roth IRA with Scottrade, but now I have to decide what my initial holdings will be. I am leaning toward buying some EFTs and getting more knowledge before buying specific company stock. At 29, what kind of appraoch should I have with my Roth? I am more conservative by nature and really like index funds more than managed mutual funds. But I feel I should do some more aggressive investing since I am not that old. I know it ultimately comes down to my comfort level, but what would be a good % of money to put into aggressive investments? 10-15%? Any advice would be great!
Old 02-08-2005 | 12:38 PM
  #2  
mikeymobiles's Avatar
Movin on up...
 
Joined: May 2003
Posts: 6,543
Likes: 1
From: Middle of Jersey
i put 50% aggresive...just because i am a little younger and have time to recover if anything takes a fall...you should go at 25-30% because your still young as well...

remeber the more aggresive the better oppertunity to come out winning also...
Old 02-08-2005 | 12:46 PM
  #3  
Adam_Schwartz's Avatar
Thread Starter
Banned
 
Joined: Jun 2003
Posts: 3,146
Likes: 1
From: Spring, TX
Well, the more aggressive the better the chance for failure, but I hear ya!

As they say, no guts-no glory.
Old 02-08-2005 | 01:01 PM
  #4  
CrockPot's Avatar
Suzuka Master
 
Joined: Jun 2003
Posts: 8,333
Likes: 0
From: SoCal
stop being so conservative...you're making me feel old.
Old 02-08-2005 | 01:08 PM
  #5  
Scrib's Avatar
Administrator Alumnus
 
Joined: Oct 2001
Posts: 26,326
Likes: 131
From: Northwest IN
Do you have a 401K? Or any other retirement vehicle? If so, how agressive/consevative are you in those?

I'm balls out agreesive in my 401K (90% stocks mutual funds, 10% bonds and other fixed) right now. However, I'm taking a much more conservative approach in my Roth more like 65/35). As I get older I will tune my 401K to be more conservative. You're young and should assume some risk in your portfolio.

Certainly it's completely up to you. IMHO, you can do a lot better than an index fund if you're looking to be conservative and still get some growth.

Old 02-08-2005 | 01:49 PM
  #6  
Adam_Schwartz's Avatar
Thread Starter
Banned
 
Joined: Jun 2003
Posts: 3,146
Likes: 1
From: Spring, TX
Originally Posted by Scrib
Do you have a 401K? Or any other retirement vehicle? If so, how agressive/consevative are you in those?

I'm balls out agreesive in my 401K (90% stocks mutual funds, 10% bonds and other fixed) right now. However, I'm taking a much more conservative approach in my Roth more like 65/35). As I get older I will tune my 401K to be more conservative. You're young and should assume some risk in your portfolio.

Certainly it's completely up to you. IMHO, you can do a lot better than an index fund if you're looking to be conservative and still get some growth.

I have a 401k and contribute pretty heavily - I would say I am moderate-to-conservative. I suppose that is just my nature in general, so I need to get a little more aggressive while I am young and change it over time to something more conservative. I have just read so much that index funds perform as well or better than managed funds over the long haul that I am a strong believer in them.
Old 02-08-2005 | 02:03 PM
  #7  
CrockPot's Avatar
Suzuka Master
 
Joined: Jun 2003
Posts: 8,333
Likes: 0
From: SoCal
i have a 50/50 between index funds and aggressive growth funds. i too am a strong believer in sustained performance of index funds vs managed funs.
Old 02-08-2005 | 02:53 PM
  #8  
Adam_Schwartz's Avatar
Thread Starter
Banned
 
Joined: Jun 2003
Posts: 3,146
Likes: 1
From: Spring, TX
I did a little more research with the funds offered in my 401k and I am probably too heavy on index funds and could stand to change over to some more aggressive funds.
Old 02-08-2005 | 03:35 PM
  #9  
doopstr's Avatar
Team Owner
 
Joined: Jan 2001
Posts: 25,481
Likes: 2,238
From: Jersey
Be careful with those funds. Its no joke that most of them can't out perform the S&P500. Watch out for those fees too!

I have my stuff with Vanguard, so ofcourse I love low fee index funds.
Old 02-08-2005 | 04:55 PM
  #10  
Adam_Schwartz's Avatar
Thread Starter
Banned
 
Joined: Jun 2003
Posts: 3,146
Likes: 1
From: Spring, TX
Vanguard typically charges a flat fee per quarter unless you have $X ties up with their borkerage, correct? I have been checking them out and they seem like they have some of the lowest fees for index funds.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
SidhuSaaB
3G TL Problems & Fixes
18
05-30-2020 01:40 AM
soupi
2G TSX Audio, Bluetooth, Electronics & Navigation
14
11-15-2015 12:15 PM
kb1rl
2G RL Audio, Bluetooth, Electronics & Navigation
5
09-30-2015 11:17 AM
Sue1910
2G CL Problems & Fixes
3
09-27-2015 01:34 PM




All times are GMT -5. The time now is 07:25 PM.