I am looking to invest in a few no-load I have picked out by purchasing through an online discount . Should I simply purchase into the or purchase into the through some form of IRA account? I’m young (mid-20’s) and am looking for the best possible ROI I can get for the long haul.

 

  • jlf 9:00 am on September 30, 2009

    The first question you need to answer, regardless of the specific investments, is "should I invest within a retirement account (IRA) or not?" If retirement is your investment goal, then a Roth IRA is the way to go. If your investing objective is short term, then do not use a retirement account.

  • gosh137 9:00 am on September 30, 2009

    What do you consider "the long haul?" Retirement? Will you need the money several years to buy a car? house? get married?
    With a ROTH IRA, you can take out your contributions with no penalty. Just keep in the earnings.
    IMO, it is better to buy direct from the mutual fund family rather than pay a brokerage fee.

  • gobigblue 9:00 am on September 30, 2009

    mutual funds suck, literally. they suck money out of your account regardless of % return. go with the Vanguard Total Stock Market ETF which is virtually free to invest in. it’s ticker symbol VTI. don’t let fund managers dip into your hard earned money!!!