Personal Finance on Yik Yak | 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?

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Personal Finance 29w

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?

Anonymous 29w

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.

Anonymous 29w

just VOO! It contains 80% of US public companies

Anonymous 29w

How old is your mom and when does she want to retire?

Anonymous 28w

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

Anonymous 29w

AI stocks. They’ll be taking almost everybody’s jobs in the next 5 years so you may as well profit off of it

Anonymous

#1 29w

Anonymous

OP 29w

nothing I just thought we were over sharing

Anonymous

#4 29w

Mid forties, and 65-67

Anonymous

OP 29w

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?

Anonymous

#4 29w

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

Anonymous

#5 29w

This is the safe choice and what I’m leaning towards

Anonymous

OP 28w

She needs to DCA an ETF and military stocks.