So I’m 26 and this year would like to start a Roth IRA. I don’t know if I will be able to do the full $5,500 (soon to be $6,000) each year, but with compounding interest I feel like if I don’t star soon I will miss out. I have never done any sort of investing (besides a 529 college fund for my daughter) but a friend of mine who runs a private equity firm is selling all of his company’s because he says a recession is coming. Is it bad that I’m putting in $5,500 right now into a Roth IRA for the 2018 year? Should I do something to protect that money once it’s in the account until the stock market stabilizes? I don’t know much about this stuff obviously but just want to make sure I’m doing the right thing before throwing $5,500 into an account. Any and all opinions are welcome!
Submitted December 01, 2018 at 10:53AM by frickencooldude https://ift.tt/2Q7WNRM
