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re: Roth IRA investing
Posted on 7/20/11 at 2:43 pm to TheHiddenFlask
Posted on 7/20/11 at 2:43 pm to TheHiddenFlask
I'm a little green when it comes to investing etc. What I meant to say was my 401k is completely in mutual funds. The bulk of her money is in stocks, but I don't know which because its not really my business.
As far as what I want the money to accomplish: I need retirement money and that's really it. My children already have substantial college funds and nothing short of complete disaster would put us in financial dire straits. In summary, I want my inlaw's money to allow me to retire early.
As far as what I want the money to accomplish: I need retirement money and that's really it. My children already have substantial college funds and nothing short of complete disaster would put us in financial dire straits. In summary, I want my inlaw's money to allow me to retire early.
2
Posted on 7/20/11 at 3:24 pm to AuburnTiger08
quote:
In summary, I want my inlaw's money to allow me to retire early.
Me too, except they are broke.
Posted on 7/20/11 at 4:12 pm to AuburnTiger08
My recommendation would be to buy stock in companies that make money and products that you enjoy. For example, in my Roth right now I own stocks like Sirius, Pandora, Green Mountain Coffee Roasters (own Keurig), and Coinstar (own Redbox). I am in no way endorsing any of those stocks, just trying to give you an idea of how I approach it. It is riskier than a target date fund, but more risk could equal more reward. 
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