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No. of Recommendations: 4

Being right out of college I'd recommend you open that Roth IRA and buy a very low-cost S&P 500 or total stock market (or target date) mutual fund or ETF. Also you should also do your best to forget how much you contributed, as I can guarantee a couple of things will occur:

1. At some point in the near future you will cringe and hate yourself for loosing money in the stock market, and if you hang onto the investment for at least a decade
2. You will come back and thank me for this advice.

There's some fine tuning I could make to that advice; but that's what most young investors should do ... plow a good chunk of their savings into the broad market and give it time. The problem is most people want to fiddle with it, so they will tend to take money out and put money back in at the worst possible times.

- Joel
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