If you don’t have a Roth IRA. Open one up for you and your wife

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Mar 7, 2021
3:05:15pm

AFewThoughts Starter

6K for you 6K for her. 12K a year. All growth is tax free. 40 years later at retirement, nothing is taxed

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AFewThoughts

Bio page: AFewThoughts
Joined: Oct 4, 2014
Last login: May 2, 2024
Total posts: 4,515 (6 FO)

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Messages

Author

Time

Just finished Rich Dad Poor Dad and now I’m all hyped up on getting into stocks

XORCoug

3/7/21 12:49pm

Vanguard. VTI or VWENX and auto reinvest dividends. Never withdraw. Don’t use a

valleus

3/7/21 12:52pm

But you can also do this within the IRA. It’s the same exact principle. Just a different account

YIsForBrigham

3/7/21 1:16pm

Invest 90% of your portfolio in ETF’s or a low-fee target retirement fund.

BigT801

3/7/21 12:54pm

GME or bust

Noni Fruit

3/7/21 12:56pm

I would invest in USO for the next few months, years

EternalOptimism

3/7/21 1:08pm

I echo most of what's been said here. As for broker, I'd use Fidelity.

RUNBYU1

3/7/21 2:22pm

If you don’t have a Roth IRA. Open one up for you and your wife

AFewThoughts

3/7/21 3:05pm

I use FZROX. And FSPGX

AFewThoughts

3/7/21 3:05pm

Which quadrant do you fall into?

Nat Gas Man

3/7/21 4:54pm

I'll check that out thanks. I've ready a couple of his books and they're great.

XORCoug

3/7/21 5:18pm

Are you referring to The Simple Path to Wealth?

XORCoug

3/7/21 5:38pm

Yes. I’m rereading it right now

Nat Gas Man

3/7/21 6:57pm

I already have a full funded roth (not one for my wife yet - that's next)

XORCoug

3/7/21 5:17pm

Make sure you max out the dollar donation to your 401k. It really is t that much

Nat Gas Man

3/7/21 6:59pm

Do you max your 401k? You can get full match without maxing the 401k. Definitely

valleus

3/7/21 7:35pm

Bitcoin

Blue2thebone

3/7/21 5:58pm

That's NOT the main point of the book.

protonspring

3/7/21 7:36pm

Never said it was...

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