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URL:  http://boards.fool.com/timing-first-investment-21813011.aspx

Subject:  Timing First Investment Date:  12/27/2004  3:01 PM
Author:  IslandFoolin Number:  74963 of 121144

I've been wanting to start investing for quite some time now, and after about 6 months of researching, reading, learning, listening, and thinking, the time has come. I was all ready to roll with Scottrade until I realized that Dec. 31st is quickly approaching and I have no idea what effect that will have on my future first investment.

That first investment will be in the form of an index fund held in a Roth IRA account. Do I need to / Should I wait until after Jan 1 to make this purchase? What are the tax implications of investing prior to / after the new year.

Thanks and Happy Holidays.

-IF
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