UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: naaree One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75880  
Subject: Anything wrong with this? Date: 12/4/1998 9:00 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
All this Foolish Four in a Roth IRA talk is telling me, get off your butt and DO SOMETHING. I currently have nothing invested in an IRA. Have just started on the employers 401k, just enough to max out the employers contribution

Have decided to invest in Roth IRA's for myself and my spouse. I just wanted to clarify some doubts.

Originally we were thinking of starting with 2k each, open an account with Vanguard and put them into their S&P 500 index fund. Leave it out there for a couple of years and then once it accumulates a certain amount, start thinking of investing in stocks, using say Foolish Four or RP4(BTW, can you suggest which one is better?)

But now I realize that I could open 2k for 1998 and 2k for 1999, say in the first week of Jan and start directly on stocks.

Here is the plan. Let me know if it is a good one.

For myself

- Open IRA account with 4k with the broker
- Put them into say FF4 or RP4, depending on what you all suggest.

For my spouse

- Open IRA account with 4k with Vanguard
- Put them into the 500 Index fund

What do you think? Please suggest.

One more thing. I have a brokerage account with Ameritrade. They are advertising a No setup fee, No annual fee IRA account. Is that all I need to hear about their IRA account?

Thanks in advance for your input.

NS
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

My Big Fat Greek Splat
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement