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#7561 |
Inmem 2.0
Join Date: Aug 2007
Location: My house
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That's what I thought I've been reading up on it alot since the Gamestop stuff. My friend keeps trying to get me on this Acorn thing. Dont know much about it seems kinda gimmicky figured the smart money would be to tie up into something like a ROTH instead.
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Posts: 75,696
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#7562 |
BIG ME
Join Date: Jan 2012
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Max that bitch out @ $6000 per year.
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Posts: 29,728
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#7563 |
Inmem 2.0
Join Date: Aug 2007
Location: My house
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Posts: 75,696
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#7564 |
I'll be back.
Join Date: Nov 2002
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Posts: 283,708
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#7565 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Oh I do and have been.
I just know that not everyone can afford that. There's nothing wrong with even a few hundred dollars per year, especially if you're young. A ROTH IRA is probably the most valuable investment vehicle for middle class earners. You should, however, contribute first to your 401k to get your full employer match (free money). After that, people should look to fund a ROTH. |
Posts: 45,963
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#7566 |
Inmem 2.0
Join Date: Aug 2007
Location: My house
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Posts: 75,696
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#7567 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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I was just looking at my ROTH and I have a mutual fund with T Rowe Price that made 50% in the past year. I thought that was ****ing awesome for passive investing.
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Posts: 45,963
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#7568 | |
Inmem 2.0
Join Date: Aug 2007
Location: My house
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Quote:
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Posts: 75,696
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#7569 |
I'll be back.
Join Date: Nov 2002
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Posts: 283,708
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#7570 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I find that sad. I've learned all on my own but it shouldn't be that way. Does your employer offer a 401k? Many are also offering ROTH 401ks now. Or will you be looking to set this up yourself? |
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Posts: 45,963
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#7571 | |
MVP
Join Date: Mar 2019
Location: KC
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Quote:
Day trading is part of investing as well, doesn't mean everyone on here does it, I'm just dabbling with my stimulus money from the Govt. with that. Play money i call it. |
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Posts: 7,341
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#7572 |
Inmem 2.0
Join Date: Aug 2007
Location: My house
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Dude I said this EXACT same thing to my friend the other night. Hes got a pretty good job and is really good at saving money I was like maybe you need to look into this.
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Posts: 75,696
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#7573 | |
Rock Chalk Jayhawk
Join Date: Aug 2000
Location: PA
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Quote:
I've gotten a late start on supplemental retirement savings and have already banked a lot. I shudder to think how much I would have if I had started saving at 22 rather than in my 30s. |
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Posts: 8,821
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#7574 | |
Inmem 2.0
Join Date: Aug 2007
Location: My house
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Quote:
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Posts: 75,696
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#7575 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 45,963
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