Someone asks:
Just transferred $6k for my 2022 Roth IRA. Where do I put it? My other retirement accounts are all target date funds and the choices with this are overwhelming.
What to Invest In After Opening a Roth IRA
Adam S:
I’d either put it in an ETF that represents the S&P 500 or put 80% in a Growth oriented fund and 20% in an income oriented fund. You can also set aside a small portion for buying individual stocks that you’re excited about but I’d keep that budget small to protect yourself.
Neal J:
Consider FSKAX (Fidelity Total Market Index Fund) or FZROX (Fidelity Zero Total Market Index Fund).
David W:
You seem to be very young so I would go mostly with a Total Stock Market fund/ETF. You can use Fidelity’s FSKAX. If you want to throw in some bonds then depending on your age maybe 10% – 20% like FXNAX. Read about the 3 fund portfolio. OR, you can choose a target date for your IRA as well.
Dale A:
If your trying to build wealth you need to put in VTSAX or if not available go with a low cost index fund similar to VTSAX. Warren buffet would tell you the same thing.
1 post – 1 participant