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Investing 401/IRA help.
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r82230
Posted 12/29/2022 21:58 (#10011010 - in reply to #10010964)
Subject: RE: Investing 401/IRA help.



Thumb of Michigan
Doesn't matter if you want to use Robinhood or EJ or something else, get started.

I would suggest a Roth IRA, thinking you are probably in a low tax bracket. Nice thing about a Roth IRA is that the amount you put in is accessible if need (last resort). You don't have to maximize your Roth, but it would be better to do so.

I'm a fan of Warren Buffet's company. You can read his shareholders letter online. He has a continuation plan in place, the company is diversified and it's a cash cow (his letter will tell you how it works). He'd tell you not to use any broker and buy the S&P 500. Look at his long-term returns verses the S&P.

I started watching his company at about you age, wish someone had told me, like I'm telling you to just do it.
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