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
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.
Consider FSKAX (Fidelity Total Market Index Fund) or FZROX (Fidelity Zero Total Market Index Fund).
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.
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.
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