Opened up a Roth IRA with Scottrade
#1
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!
#2
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...
remeber the more aggresive the better oppertunity to come out winning also...
#5
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'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.
#6
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'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.
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#10
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.
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