Hello,
I've saved up $4,000 and I want to put a part of that into the market, I'm currently 19 years old. I wanted to be a stockbroker when I was younger so I know a bit more about types of investments and how to read stocks. But, I've never invested really besides a few dollars. I'm just a bit nervous! I'm going to put $1,000 into my Vanguard Roth IRA, and $500 would go into ( Index Funds, TIPS ( Treasury Inflation-Protected Securities ), Oil Stocks, and ETFs ) and investing $300 a month into my Roth IRA ( $3,600 a year ). I was thinking of investing $100 to $200 a month into my Stocks, bonds, REIT's and funds ( $1,200 to $2,400 a year ) which I think is a pretty good idea! According to the Bankrate calculator, I should have $1,595,406 ( With an Expected rate of return being 7% & the Marginal tax rate being 25% ) by the age of 70. I think with smart investing and understanding "Time in the market is better than timing the market" I should be fine, but what do you guys think? Should I have my Roth IRA with another bank, should I focus only on Index funds, etc.
Thank you so much!
Submitted October 19, 2021 at 11:29AM by BlueJay875 https://ift.tt/2ZbeF47
