In this video, I’ll show you how to start a Roth IRA with only $1,000. You’ll see exactly how to open a Roth IRA brokerage account, deposit money to begin investing, pick your high growth or dividend-paying index funds or ETFs, and buy your Roth IRA investments to officially begin saving for retirement. We’ll also discuss the pros and cons of Roth IRA’s and if they are right for your investing goals.
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► OPEN A ROTH IRA AND START INVESTING
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I upgraded my audio equipment, but unfortunately, this video's audio had some issues. I tried my best to make it sound decent, but if I sound extra nasally, that's why!
Any annual fee for this roth ira with index fund?
this is by far the best video that explained this process nicely…wow!!! thank you so much.
Hi Joshua, I love your content and I definitely subscribed to your channel because you bring major value. Question: Im 52 and have an employer retirement account but need more. I plan to open either a ROTH or 401K. I know I should have done it years ago, but I'm ready now. Which would you recommend 401k or ROTH? Thank you.
God loves all of us so much He came in the flesh to die and rise so that if we choose to accept Jesus as our one true Savior turning from our sins we may be gifted eternal salvation through Christ’s perfect sacrifice on the cross. Have a great week
What if I want to add money monthly.. Is it just gonna sit in my account until I use it or do I have to keep buying stocks per month?
Good strategies, although there are still some gray areas. I think for someone like me who still finds trading on his own difficult, a professional broker will come in handy. Not planning to lose thousands as I did last year trying to figure it out on my own
Joshua thank you
I am soaking the game! Appreciate you sir!
So if you opened up an account with Charles Schwab, would you put your 1000 in the same place FSKAX
Hi Josh I had just turn 18 and opened my Roth IRA on fidelity with $200. I have put money into Fxaix , should I keep it? And what else can I put into my roth for retirement?
Hi Joshua I got a really important question, the thing is I live in Ecuador, can i be able to use those brokers like fidelity or M1 Finance if i live in Ecuador?? please someone help me with this questionn
Joshua I just opened my Roth IRA with $1000. Does it make since ti invest in VTI, Voo an FSKax. Or is that kinda overlapping
I do have a question about the FSKAX. Do I have to buy that each time I contribute money to my account or does it do it automatically?
Which account do i pick if i only want to invest in index funds with no limit?
Should I put my precious metals in an IRA and if so what type do you suggest?
Can you have more than 1 or 2 Roth IRA accounts? Or will u have to have all ur shares and bonds on one?
The GOAT, the best educator
I have an old Roth IRA I haven't put much in it all it was just kind of a whim. I put $5,000 in it to start and I haven't put anything else in it I've got other investment accounts which total close to a million dollars.
recently the Roth was at $25,000 and that's not putting any other money in it in the last however many years I've had it.
today I got a statement $16,000 it's dropping like a rock I just turned 60 I'm trying to figure out what to do I can pull it all out tax-free and put it somewhere else or leave it and watch it go to nothing or possibly I could move it into one of my other accounts just not sure what to do.
I'm going to call my schwab guy to see what he says he'll probably say just let it ride but I'm not sure if that's the route I want to take, we'll see what he says
Can set a Roth IRA from outside the US?
Creating an account! Would you recommend SPAXX or FDIC for the core position on the account details section?
Do you need to be doing this monthly? Or can you set up an automatic payment for the eskax? Thank you
Thanks!
So if you're looking to hold something for 30+ years would you suggest a total stock fund or an s&p fund? VTI or VOO? Which would give you the best returns with little volatility?
What if your investment goes down would you still be available to take out your initial contribution?
Well done, thanks for showing this !
maybe i need to watch more videos but what i understood was – for an IRA go with Index, otherwise ETFs. So i should be able to use dividend ETFs for my IRA , but i wouldn't have access to the dividend without penalties. So my two choices would be: an IRA with growth or an ETF dividends with costs.
Hi, Thank you for the informative video. I am suggesting my grandchildren watch your videos one is in Junior High School. This will make a major difference in their future. Thanks again for sharing.