Fuhgeddaboudit Posted January 3, 2013 Share Posted January 3, 2013 So, it's been 3 years at my part-time job and they are opening an IRA for me. 10% of my pay additional goes in there. They gave me a whole form to write out, and the vice president really didn't give me a recommendation, but more said "kids your age usually go with 'balanced, growth, or aggressive growth' for the investment objective" I know this is really my decision, but this is my first time dealing with this shit, so I really have no clue what my objective even is. Obviously, I would go aggressive growth, but should I just put growth? Link to comment Share on other sites More sharing options...
Pete Posted January 3, 2013 Share Posted January 3, 2013 Aren't you a finance major? Go aggressive. You aren't going to have much money to lose. You scale down the risk coser to retirement. Link to comment Share on other sites More sharing options...
Blue Heaven Posted January 3, 2013 Share Posted January 3, 2013 Aren't you a finance major? Go aggressive. You aren't going to have much money to lose. You scale down the risk coser to retirement. agreed..Aggressive is the way to go Link to comment Share on other sites More sharing options...
Fuhgeddaboudit Posted January 3, 2013 Author Share Posted January 3, 2013 Aren't you a finance major? Go aggressive. You aren't going to have much money to lose. You scale down the risk coser to retirement. agreed..Aggressive is the way to go Yes, but I really haven't studied this shit yet. I'm just getting into the whole gist of those courses right now. So aggressive growth? Or most aggressive? Aggressive growth says 60% invested in domestic stocks while aggressive growth is around 70%. Absolutely no bonds in the most aggressive growth (obviously). The rest is just foreign stock. Link to comment Share on other sites More sharing options...
Pete Posted January 3, 2013 Share Posted January 3, 2013 Aggressive growth. Link to comment Share on other sites More sharing options...
Fuhgeddaboudit Posted January 3, 2013 Author Share Posted January 3, 2013 Aggressive growth. Thanks. It kind of makes sense since 10% really isn't a lot for me lol, so what's the point of investing it into shitty ass bonds. Link to comment Share on other sites More sharing options...
ZebraDude Posted January 3, 2013 Share Posted January 3, 2013 Thanks. It kind of makes sense since 10% really isn't a lot for me lol, so what's the point of investing it into shitty ass bonds. Stay away from muni bonds if they are sold by a "dealer". Brokered bonds are a better/safer bet, but that market may be on the cusp of diving too. There aren't many can't-miss paper type investment tools out there, so do your research. Link to comment Share on other sites More sharing options...
Patrick Bateman Posted January 3, 2013 Share Posted January 3, 2013 Put it all in solar energies and pharmaceuticals Link to comment Share on other sites More sharing options...
Fuhgeddaboudit Posted January 3, 2013 Author Share Posted January 3, 2013 Put it all in solar energies and pharmaceuticals My actual boss told me to actually put into the cash "short-term" and put the money into the brokerage. Since I'm a finance major, he said I should invest in my own stocks and learn a little bit about trading. So, not sure where to go from here. I'd like to learn actually. Yeah, I've heard good things about solar energies and pharmaceuticals but have no idea about those fields without doing research lol Link to comment Share on other sites More sharing options...
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