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Reply to "Just opened up a Roth IRA - now what?"
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[quote=Anonymous]Congratulations! And don't be embarrassed about asking advice, you are still ahead of the majority of people out there. So, the money inside the account works pretty much like any other brokerage account. You can buy and sell stocks/funds or keep it as cash. The only differences are around putting money in and taking it out (both of which are restricted). Having said all of that, there are many things that would be fine to do with the money in your account. Here is what I think is the simplest. Invest the entire amount in the Vanguard SP 500 index ETF (exchange traded fund- it is a stock that basically works like a mutual fund) - ticker VOO. Then leave it there. Forever. Make a new contribution each year and do the same. Since you are in your early 20s, you should be investing pretty much exclusively in stocks for at least the next 20 years. [/quote]
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