Quote:
Originally Posted by Code510
Not to change the subject y'all have going....but I actually am looking at investing.
This morning I was driving to work and it just hit me: I need to start doing something for retirement. There's a lot of reasons for this thinking, but those aren't important.
When I was younger, I had a Roth IRA with ING Direct. During college I cashed it out in order to live and keep my debt to a minimum. It was only about 5-6K or so, not 50-60K.
I see that ING Direct is now owned by Capital One 360. Should I start another Roth IRA with them? I do love how you guys buy and sell stocks...and I want to get up to that level, but right now time isn't affording me that luxury, nor do I have the skill/knowledge to do that.
So here's my question: What company should I start a Roth IRA with?
Thanks for the help guys!
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This has been covered here many times --- and there's really no right answer except to use a "discount broker". Brokerage fees can, and do, affect your returns... so you want to keep those costs low.
Personally I use several - but for different reasons. Some investments I need help with - some I don't. For me personally - I don't want to have too much at any one company - so I spread it around to reduce risk.
But the point is - if you're comfortable with the website - and or just like a particular company - then go with that one. Investing is more about putting money away - INVESTING (not gambling) and reaping the rewards over time.
When you feel you have some time -- go to page one and start reading... it will help you overall and that's what this thread has tried to be about. Not WHAT to do but WHAT TO THINK ABOUT AND WHY....