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re: Is it bad to open an IRA through your bank..
Posted on 2/13/13 at 9:38 am to Teddy Ruxpin
Posted on 2/13/13 at 9:38 am to Teddy Ruxpin
Man that's disappointing, thanks for the heads up. I checked out Vanguard's website and they have a way to set up a Roth online, I just kinda wanted the benefit of talking to a person since I honestly still don't really know exactly what I'm doing.
I have an IRA through work but I want to start a personal one as well and it seems Roth is the way to go. But as far as how they work and making investments and trades and moving stuff around and all that I don't really have a clue.
I have an IRA through work but I want to start a personal one as well and it seems Roth is the way to go. But as far as how they work and making investments and trades and moving stuff around and all that I don't really have a clue.
Posted on 2/13/13 at 9:59 am to WG_Dawg
quote:
, I just kinda wanted the benefit of talking to a person since I honestly still don't really know exactly what I'm doing.
The problem with asking someone is they aren't going to look out for you more than you will. There are limitless philosophies on investing. How do you know you can trust theirs? I highly recommend you spend time understanding what you are investing (and why) in instead of relying on someone else to make that call.
quote:
But as far as how they work and making investments and trades and moving stuff around and all that I don't really have a clue.
The actual mechanics of doing this is not complicated and I believe can be easily self taught. The hard part is knowing what to invest in.
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