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Author: IslandFoolin One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121565  
Subject: Timing First Investment Date: 12/27/2004 3:01 PM
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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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