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Subject:  Re: Roth IRA acct and safekeeping fees Date:  10/2/2013  6:31 PM
Author:  joelcorley Number:  73388 of 88828


You wrote, It may be to my advantage to keep plugging away at learning the best way to enter this whole thing. I was thinking I might be able to take advantage of the market reactions to our govt shutdown, but with the way the market went today it appears I may not get that chance....but who knows I suppose. Not that I am in a hurry to get in, but I'd like to enter a a good point.

Simulators are one thing, but I'm the type type that learns best when something is for real.

Actually analysis paralysis is a very real danger to your investment strategy. At some point you have to set something up and live with it. Not investing means not participating in the market at all.

So the first order of business is to select a place to invest. The best way to do that is to look at costs. Once selected, a beginning investor should probably pick a broad market investment and start a plan of recurring contributions to create a habit of saving and investing.

Beyond that, you can make modifications as you go to try to cut expenses further, produce additional gains through direct or individual investments or to mitigate risks. These things you'll pick up and experiment with over time. It might involve new investments or even new accounts. Just don't expect to figure it all out in one go.

- Joel
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