UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: RedRaider04 Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Should I open an IRA? Date: 2/18/2002 10:42 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Howdy All,

I was pondering whether I should open an IRA or not. I just turned 20 a couple months ago, and I am a sophomore at Texas Tech University. I have been investing for almost 2 years, and I'm pretty new to everything except some common stock. I have just recently become involved in DRiPS. I am only able to invest roughly $200.00 a month. My Drips will take up about 100-150 of that 200. I also send some money to my online broker to avoid any inactivity fees and build up some purchasing power. Any opinions on if I should start an IRA? And if I do...would, could, should I have a index fund in there for the time being? Ive heard some stuff about the Vanguard 500 Index Fund. Also, could anyone please briefly what the deal is about April 15, 2001, and how it is a chance of a lifetime to open an IRA before that date? Is it the deadline to begin a 3000.00 max contribution period? One more thing...Datek is my online broker, and I was wondering if anyone had any thoughts on if I should open an IRA through them. Or should I go Vanguard or any other route? I am young, and I want to have something I will add to every month/year for a very long time. I really hope these questions arent a waste of any of yalls time. But for those who are willing to help a brother out....Thanks in advance!

Nealer
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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:
Macro Economics

Looking at Currency Ratios
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