The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: IRA investing||Date: 3/19/2001 1:11 PM|
|Author: tfranklin||Number: 28506 of 82828|
What is the most appropriate strategy to invest with for a ROTH IRA?
The appropriate strategy is what you feel comfortable doing.
Should the IRA be diversified like any other portfolio, should I just chuck all $2000 in one index fund every year, or should I use the Rule Maker strategy, buying 10 stocks and leaving it alone?
Yes it should be diversified. Investing in an index fund can be considered diversifying. An S&P index fund holds 500 different stocks. IMHO, that is the best way to go until you get the account built up to about $10,000, or how ever much you feel comfortable with, and then start looking for a few long term buy and hold stocks. Whether you use Rule Maker or another strategy is up to you. You could add one stock per year after you reach $10,000.
It's up to you.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|