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?
Search found 3 matches
- Wed Mar 27, 2013 4:30 pm
- Forum: Personal Investments
- Topic: New Investor
- Replies: 8
- Views: 1410
- 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".
- 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!
Basically any basic tips and/or pointers on how to get into this cleanly would be great!