I use Fidelity as my brokerage and haven't had any issues so far - they also provide tons of helpful investment advice for beginners. I'm fairly new to stocks + markets and in the last year deposited around $800 to my ROTH solely as a "learning fund" while I began to read and take on new information
I was doing fairly well to start (peaked just over $2k profit in January) but with COVID-19 destroying the markets I've settled to around negative $200-500 dollars, currently. My investments to-date have consisted of an air travel and transportation ETF, a few retail ETFs, a cannabis ETF, and various medical/pharmaceutical trades. Looking for suggestions, advice and constructive criticism about where to go next!
Diversification-strategy:
Current ROTH IRAFuture ROTH IRA Goal45% Retail ETFs20%-30% ETFs25% Transportation ETF15%-20% Technology & Software15% Cannabis ETF15%-20% Health & Medical15% Stocks10%-15% Energy5%-10% Telecommunications5%-10% Food & Beverage5% Entertainment
Questions I have going forward:
- Any general suggestions for investing as a young 26-year old with a few thousand to invest looking to build a ROTH IRA?
- What are the key indicators you look for before buying into a stock/ETF/Mutual Fund? i.e. healthy balance sheet, market cap, price targets, etc.
- Exit strategy: what are the best practices for an exit strategy? I'm 100% aware that investing in a ROTH IRA means having a long-term outlook
Submitted April 08, 2020 at 09:19PM by ColoradoTrailRidge https://ift.tt/2RnFtam
