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re: Investing Advice for a Noob
Posted on 2/1/13 at 10:00 am to foreverLSU
Posted on 2/1/13 at 10:00 am to foreverLSU
quote:
but I was thinking about putting $2500 of my $8k into a Traditional IRA and investing the rest in stocks. Ideally I'd like to use a chunk of the funds for a down payment on a car in the next 2 years.
So, you would open an IRA only to withdraw 2 years later? And for a car of all things. I would just leave it alone.
Posted on 2/1/13 at 10:29 am to OnTheBrink
quote:
So, you would open an IRA only to withdraw 2 years later? And for a car of all things. I would just leave it alone.
Sorry I should have been more specific. I would put the $2500 in an IRA and leave it alone. The other $5500 is what I'd like to invest to put towards a down payment on a car.
ETA: I also won my history class stock market project in high school, so I'm basically a wizard, right?
This post was edited on 2/1/13 at 10:35 am
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