2006-07-05 23:28:22 · 3 answers · asked by Devil Inc 1 in Business & Finance ➔ Investing
I'd give strong consideration to opening an account at Vanguard, T Rowe Price or Fidelity. All offer no-load, low-expense funds that can cover every aspect of the market. At any one of these places, you can find a fund or a combination of funds that can match your risk tolerance.
But before you commit a nickel to a fund or a stock, get yourself an elementary education in personal finance. Believe this: no one is going to care as much about your money as you are. No one is going to watch it as closely as you are, especially someone who's got multiple accounts to look after. So get yourself a foundation, so you'll know if someone is actually giving you good advice or not. Personally, I recommend "The Only Investment Guide You'll Ever Need" by Andrew Tobias. It'll give you an overview of everything you need to know (stocks, bonds, real estate, insurance, etc.). Then you can decide if you need a deeper education in anything. Good luck!
2006-07-06 16:17:09 · answer #1 · answered by VinTek 7 · 2⤊ 0⤋
The institution isn't nearly as important as how you invest it. The money in a Roth IRA can be invested in stocks, in CD's, or in a regular interest-earning bank account. If you're under 50, I'd strongly suggest stocks in some form. If it's a small account (as it probably is, starting out), probably a stock-oriented mutual fund, such as Fidelity, will be your best bet. As you grow the size of the account over the next 10 or 20 years, you might want to switch to stocks.
2006-07-06 01:51:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Bankrate: http://www.bankrate.com
2006-07-05 23:31:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋