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"They do not offer Mutual Funds with is puzzling. I have a IRA account and want to put money in today but what would I buy? I thought IRA=Mutual Fund."

You should be looking into Roth IRAs rather than traditional IRAs if you qualify. Roth is after tax on contributions, but no further taxes due in retirement. TIRA can be pretax, but is fully taxable at ordinary tax rates in retirement. If your tax rate and growth rates are identical Roth and pretax IRA are identical when all is said and done. But if you expect your Roth investments to succeed and generate substantial additional income, that no taxes in retirement makes it very attractive.

The custodian for your IRA or Roth IRA is your choice. It can be almost any financial institution: bank, credit union, broker, mutual fund company, insurance company (annuity).

Fools usually prefer either a discount broker or a mutual fund company (many of which also offer discount broker services). It depends on where you plan to invest and your account size. Most mutual fund companies will accept payments as small at $100 once you make the account minimum and charge nothing for adding funds. Some like Vanguard are noted for their low costs, but do have extra charges for account balances below $10K.

Some discount brokers offer no annual fee accounts. ($40/yr is a typical fee at many others.) But you will pay commissions on each purchase of stocks. If you make small contributions, collect them in money markets and then combine them before buying shares. Many offer mutual funds, but some have transaction fees associated with those funds.

So decide where you plan to invest and look into the costs involved with your account before you decide.

As to where to invest now at a discount broker, SPY, QQQ, and XLK, all exchange traded mutual funds are good choices. When in doubt, I would go with SPY.
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