Search found 3 matches

by snowss21
Wed Mar 27, 2013 4:30 pm
Forum: Personal Investments
Topic: New Investor
Replies: 8
Views: 1410

Re: New Investor

wow absolutely great advice. I am currently in college right now, and I am planning on getting my portfolio started this summer when I begin my job. From then on I plan to have an income, but we'll see down the road if I decide to do a graduate program. So taking this into consideration, I will most likely open an IRA this summer When I gain an actual income. Also, I will most definitely set my sights on a growth allocation portfolio. Again, great advice and thank you.

EDIT: One more quick question. A comment about the IRA and having to actually have an income, does this mean if I were to say not work for 6 months to focus on school I would have to cancel my IRA? As in do you need a steady stream of income being put into it?
by snowss21
Mon Mar 25, 2013 7:00 pm
Forum: Personal Investments
Topic: New Investor
Replies: 8
Views: 1410

Re: New Investor

Thank you for the speedy replies! When I mentioned "investing" I was definitely thinking the buy and hold type you mentioned, especially being new to it. I currently do not have a retirement account available to me, as I have not started my career or even finished college yet. Im just looking to get started saving my money, and letting it "work for me".
by snowss21
Mon Mar 25, 2013 2:14 am
Forum: Personal Investments
Topic: New Investor
Replies: 8
Views: 1410

New Investor

Hello, I have been vigorously researching investing recently. I feel completely lost in the water when it comes to investing in index funds right now. I have been eyeing vanguard and some of their growth funds. This will be my first investment ever, and I am looking for suggestions on whether or not to open up an IRA account with Vanguard, or if it would be wiser to open one up with a discount brokerage company like E*Trade, etc., and the difference between these. Will it be the same thing if I open one up with E*Trade and invest in a Vanguard fund? Or should I stick to opening one up with Vanguard and investing in their fund through them?

Basically any basic tips and/or pointers on how to get into this cleanly would be great!