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Is this a good time to open a Roth IRA ?

Thread in 'Finance / Investing' started by StuP, May 28, 2020.

  1. StuP

    StuP The Hen that laid the Golden Legos Supporter

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    I have a couple of years emergency money not doing any good, and thought a Roth would be an option keeping the initial capital pretty liquid.

    Just concerned about where the markets are going right now. Not looking for large returns, but better than deposit rates, with relatively low risk.
     
    jhunter likes this.
  2. olerambler

    olerambler ODT Junkie!

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    Any time good time buy up a basket of Good blue chip divdeined pay stocks reinvest the divs and watch it grow max out the amount of cash u can contribute each year tell ready to retirement u will do well
     
  3. BillsCamino

    BillsCamino Wild Bill Supporter

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    Bargain market right now...go for it !!!
     
    Bagman and Cadcom like this.
  4. 10thmountain

    10thmountain American Warhorse.

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    If you invest every month ( dollar Cost Average) you will most certainly come out ahead. Dont worry about the dips and rises.
     
  5. 41mag

    41mag CONFEDERATE DESCENDANT Supporter

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  6. StuP

    StuP The Hen that laid the Golden Legos Supporter

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    Thanks guys. Right now I'm looking to park my emergency money reasonably safely, and readily accessible, with a better rate of return than 1.x % !

    I think I'll go ahead but be very conservative.
     
  7. TheGman

    TheGman The Hen that laid the Golden Legos Supporter

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    Open up and close it only when you retire.

    Invest wisely but dont touch it.
     
    alleycat likes this.
  8. 10thmountain

    10thmountain American Warhorse.

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    Invest in M1 Garands....LOL....Buy direct for $750 , Sell for $1200. LOL...
     
    Hayata and alleycat like this.
  9. Glock 21

    Glock 21 The Hen that laid the Golden Legos Supporter

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    Personally I would wait for the next dive coming up at next earnings announcements then jump in to maximize growth. Is this a retirement account or just looking for better return on your savings?
     
  10. moosensquirrel

    moosensquirrel ODT Junkie!

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