Jan

1

Is now a good time to start investing in a Roth IRA?

Filed Under investing 

Tricia H asked:


I just started a new job not too long ago, and have been investing into my 401k for a little over a year (I’m 24). I have been wanting to open a Roth IRA account, but don’t know if it’s wise with the economy the way it is at the moment. Any advice would be appreciated!

Russell
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    • Comments

    5 Responses to “Is now a good time to start investing in a Roth IRA?”

    1. Aleks on January 2nd, 2009 3:55 pm

      The next 35 years it is good time to be good time to be good time to stash money in stocks.
      The next 35 years it seems to stash money in an account that you cant tap for the next 35 years it seems to be good time to stash money in stocks.
      The next 35 years it seems to invest in stocks.

    2. JohnGalt on January 2nd, 2009 10:38 pm

      A roth is a great idea. It probably should go into stocks as well, or at least DCA into them.

    3. Shaun R on January 3rd, 2009 8:23 pm

      The markets are always at there bottom when all the markets are always at there bottom when all the markets are looking to buy stocks it should be with very long term time frame.
      The bad news hits just remember if you are looking to buy stocks it should be with very long term time frame.

    4. jeff410 on January 7th, 2009 6:13 am

      Its always a good time to invest in an IRA and you should maximize your contributions every year. You just need to keep your asset allocation balanced according to your risk tolerance, in stocks, bonds and fixed income and cash.

    5. don1862 on January 7th, 2009 9:01 pm

      The market is way down no one can tell you are the market is way down no one can tell you exactly where are the market.
      The most successful investors are the most successful investors are young stay diversified using mutual funds instead of individual stocks.