[USER]

Hi all, I know there is a lot of discussion on here about Roth IRAs. I know baseline information, but I’m finding managing my portfolio to be overwhelming.

For context, I’m a 25 year old woman who is finally debt free after completely paying off my bachelor’s degree and wanting to make better financial choices, but hasn’t had a lot of exposure to financial education.

After a few months of initial research, I recently (as in today) opened a Roth IRA with Fidelity and transferred 2000 into the account.

I know my money just sitting there does nothing and I need to actually purchase/place it into funds for it to be invested, but I have no clue what to do from here.

What should I be looking at investing in? What do I even look for? Should I just use the Fidelity Go service for now and take the pressure off of myself?

I’m uncertain on how to proceed.

Any help would be appreciated

[Tom]

Retired guy here. My wife and I both have all our equity in one Total Market Index Fund, FSKAX. You could just buy that year after year.
Another great one is FXAIX, an S&P500 Index Fund.

Just pick one and keep it simple.

Don’t waste money on a financial advisor, especially if they charge an AUM fee.

Lot of them get 1% year after year.

They add no value and cost you 1/3 of your portfolio over your investing life time.

[Kathy]

Put it all in fxaix low cost and let it ride. Then do research but this has done awesome for my daughter and myself

[Scott]

Start with voo. You’re buying the entire s&p. That will be fine for awhile until you increase your knowledge over time.

[Mark]

Its only overwhelming cause u dont havr the knowledge. Read and research investing 101. Fidelity has plenty of education materials on their page.

Look at broadbased low cost index funds.

Look at their zero cost funds

[Toni]

I buy VTI in my Roth IRA. If you have a 401k be sure to fund that one first up to employer match before you fund the Roth IRA.

[John]

Look for a S&P 500 index fund. I use Vanguard, so I can’t tell you the ticker symbol for the Fidelity S&P 500 fund…

I would put the money in the S&P 500 fund and don’t look back.

By the time you’re ready to retire, you will have a very handsome retirement fund.

Be sure and fund your IRA each and every year and if you have extra funds start a brokerage account…

[Author]

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