A Roth IRA is a tax advantage account. Where you are taxed at the moment you buy the fund. Therefore, the growth over the years of your investment is tax-free.
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Here, I explore mutual funds in different sectors such as Technology as well as Total Market Cap, Index Funds, Total Zero Market Funds, and ARKK Disruptive Technology Funds. I also go into detail about expense ratios, overall ratings, manager tenure, and hypothetical growth based on previous performance. If you are a beginner investor and would like to jump into Roth ira retirement investment, this video is for you. Do your research and don’t think twice.
Fidelity.com about Roth IRA: A distribution from a Roth IRA is tax-free and penalty-free, provided the 5-year aging requirement has been satisfied and one of the following conditions is met: age 59½, disability, qualified first-time home purchase, or death.
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Thanks for watching ROTH IRA Fidelity Mutual Funds Analysis for Beginners in 2021
Episode Recorded On 01/03/2020
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🚧DISCLAIMER🚧
I am not a CPA or a financial advisor. The content in these videos shall not be construed as tax, legal, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Youtube video for entertainment purposes ONLY based on Oscar’s personal experience and opinions. IF stocks or companies are mentioned, Oscar may have an ownership interest in them — DO NOT make buying or selling decisions based on Oscar’s videos. If you need advice, please contact a qualified CPA or financial advisor, or the appropriate professional for the subject you would like help with….(read more)
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hi there, how would you do allocate these choices? all in equal amounts or certain ones with higher percentages? thanks much!
Great video. This is helpful as I opened a Roth w/ fidelity last year but was not sure which index to buy as they have so many. I have a few questions:
1) At the time of this recording do you only have FNCMX in your Roth IRA?
2) you say you will look to add ARKK to your individual acct. What are your thoughts on adding it to the Roth? I ask bcuz I am too considering this etf and was thinking to hold long in the Roth for the tax free gains
3) do you think it's redundant for someone to hold both a fidelity total market index fund AND fidelity SP500 equivalent index in the Roth since there is overlap?
4) if you feel it is redundant for quest #3. Which one do you feel will return most $$ at retirement if you have abt 25-yrs?
Good evening can I move my taxed fzrox, fxiax, fsrnx, fzilx fncmx, fnbgx into Roth ira account.
Great video. What is the difference between etf and mutual funds?
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Thanks for the info! I too started my Roth IRA in 2020 and am completely new to investing. Your videos are very helpful and informative. Thanks again!