Investing 102

[toy71camaro]

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!

Welcome to the group!

As far as where to open the account, I would suggest somewhere you're comfortable with (ie. do you need a local branch or no? personally, Having a branch local does nothing for me). And the costs.

I opened mine through Sharebuilder, via Costco. If your a Costco member to to their Services page and check out the link through to Sharebuilder. They usually give you a credit for opening an account. On top of that, their market trades are $6.95. Which is on the cheaper side of the industry if i recall. Their "Auto investment" trades (happens on Tuesdays) are only $2.

By the way, they're also owned by Capital 1 now. I've been using them for several years and havent had any issues.