Moms is finally going to open a Roth IRA, better late then never right. Anyways, she’s probably going to use Fidelity, same as her 401K. What should she be investing in, what funds look good for long term holding?
I’m Trying to have enough money to open up a Credit Union bank 🏦 i’ll use my local one but holy shit is saving after blowing through your savings and opening up credit cards is so hard.
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Anonymous41w
just VOO! It contains 80% of US public companies
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Anonymous41w
How old is your mom and when does she want to retire?
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Anonymous40w
Given your mom’s late start, it may be different for her, but Cramer’s upcoming book suggests, putting half of your money into an index (e.g., VOO) and half of your money into five more aggressive stocks
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Anonymous41w
AI stocks. They’ll be taking almost everybody’s jobs in the next 5 years so you may as well profit off of it
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Anonymous#141w
?
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AnonymousOP41w
nothing I just thought we were over sharing
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Anonymous#441w
Mid forties, and 65-67
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AnonymousOP41w
Ok one more follow up how is your mom with risk/market down turns? Is she someone that is always worried about the market or a bit more relaxed?
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Anonymous#441w
Set it an forget it, honestly I’ve been managing her 401k investments since I was like 14. I’ll change funds every once in a while based on trends I’m seeing but I’m busier now
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Anonymous#541w
This is the safe choice and what I’m leaning towards