Hi, I'm a young woman, first-time investor, and I'm a little confused about how the Roth IRA works. I opened a Roth IRA with Vanguard and put 5k into it. Now it says I bought the Vanguard Federal Money Market Fund.
Now am I supposed to just let it sit there, or am I supposed to buy funds? Will it grow? How do I buy funds?
Surprisingly, the articles I find when I google this question don't seem to have any steps after this first step.
My account says this:
Vanguard Federal Money Market Fund (Settlement fund) $5,000.00
Available balance $5,000.00
Please no snarky answers, I'm not literate with this stuff and I don't have anyone to help me!
Submitted May 26, 2021 at 06:45PM by Vivid-South-8286 https://ift.tt/3fRqSz6
