Want to manage the money in your Roth IRA yourself? TG did it and was able to double his account! Watch this video to learn a variety of strategies that can be applied to trading a Roth IRA.
0:00 Introduction
0:15 The #1 Restriction For Trading Roth IRA
0:51 Strategies For Trading Your Roth
2:19 What About Trading Options?
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TG Watkins is our Director of Stocks at Simpler Trading. After graduating with his mechanical engineering degree, TG earned his Series 6 and 63 licenses to begin his career with New York Life. His lifelong passion of stock market trading inspired him to leave corporate life after a few years and he went on to develop his proprietary Moxie Indicator and trading system. After years of trading and presenting educational seminars, he decided to help more people by joining the Simpler team. In TG’s free time, he’s an avid pilot and uses his experience in the sky to inform principles of his everyday trading.
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As a financial advisor and investment specialist, TG Watkins knows a lot about Roth IRAs. Roth IRAs are tax-advantaged retirement accounts that allow you to save and invest your money for retirement without paying taxes on the earnings. This means that you can potentially save more money for retirement than you could in a traditional taxable investment account. However, trading your Roth IRA can be tricky, and it’s important to know the strategies that will help you maximize your earnings while minimizing your risks.
Here is how to trade your Roth IRA according to TG Watkins:
1. Understand Your Investment Goals
The first step in trading your Roth IRA is to understand your investment goals. Are you looking for a short-term or long-term investment strategy? Are you trying to make quick profits or are you comfortable with a more conservative approach? You should also consider your risk tolerance and financial situation. The answers to these questions will help you choose the right investment strategy for your Roth IRA.
2. Diversify Your Portfolio
Diversification is key to lowering your investment risk. You should never put all of your eggs in one basket, and this is especially true when trading your Roth IRA. Spread your investments across different sectors, asset classes, and investment products to reduce your exposure to volatility and market fluctuations. This will help protect your portfolio from unexpected losses.
3. Look for High-Quality Investments
When trading your Roth IRA, you should look for high-quality investments that have a strong track record. This includes stocks, mutual funds, and exchange-traded funds (ETFs) that have a history of consistent growth and solid fundamentals. You should also look for investments with low fees, as this will help keep your investment costs down over time.
4. Rebalance Your Portfolio
Rebalancing your portfolio is an essential part of trading your Roth IRA. This involves periodically realigning your investment mix to maintain your desired asset allocation. By rebalancing, you can reduce your exposure to risk and ensure that your portfolio stays aligned with your investment goals.
5. Stay Up-to-Date on Market Trends
Market trends and economic indicators can have a big impact on your investments. To be successful in trading your Roth IRA, you need to stay up-to-date on the latest news and trends in the financial markets. You can use online investment tools, financial news outlets, and market research reports to help you stay informed.
In conclusion, trading your Roth IRA requires planning, patience, and a solid understanding of investment strategies. By following these tips from TG Watkins, you can maximize your earnings and reduce your investment risks. Remember to diversify your portfolio, look for high-quality investments, rebalance your portfolio, and stay up-to-date on market trends. With a little effort and the right approach, you can grow your Roth IRA into a valuable and tax-advantaged retirement account.
Is there a fee if you sell a stock in a Roth IRA before you're 59 1/2 as long as you don't withdraw it out of your account? Thanks
Very helpful video. Short and concise. Question, can I buy leveraged ETFs like TQQQ. Assuming so since you said we can buy inverse leveraged ETFs.
Oh goodness. Cut through all the nonsense and jibber jabber.. thanks for the info
I thought you for example buy VTI and just let it sit and not touch it or sell it until retirement ? Does this mean we need to continuesly buy and sell when we earn in a ROTH ?
Terrible advice some brokerage offer settlement margin…
Awesome video. Thanks for the advice
I purchased 3 funds, mutual funds, into a Roth.
I want to remove one, or two funds without removing the money in the Roth.
I want to pull out one or two, to be able to invest in it beyond the maximum contribution for the year in a taxable account.
I know about early redemption fees on mutual funds. I will probably wait 90 plus days before I start to do anything.
Is that what I would do? Just sell off the entire one or two funds and put that money into the one or two funds I leave in the Roth?
Great advice
Are there fees or commission for trading in your ROTH IRA?
Thanks for the video! I have a question. I know there's a max amount you can put into your ROTH IRA a year, 6k for me. So if I do trades inside my ROTH IRA let's say for example I buy 1k of a stock and then it goes up and I sell it for 2k (making me a 1k return) does that extra 1k now count towards the amount I've put into my ROTH? like now I can only put 4k more in? (6k total – 1k from my original investment – 1k from my profit)
good video, we stared May last year in our Roth accounts, 7k each as we are over 50 last yr and this yr. so i am in 14k and at 57k as of today. yeah its slow with vanguard, 3 days to settle but well worth the wait. i do 3 to 6 trades a months with different amounts of money to get those dividends. i hope to be over 100k by the end of 2021 and over 500k by 2025 and retire.
SO I have been investing in a ROTH IRA with TD Ameritrade for years but never knew anything about what I was getting invested in. Someone was doing it for me and now that I am learning more, I noticed that all the mutual funds I am invested in have really high expense ratios from 0.9-1.2%. Those seem way to high and I would love advise on how to go in and maybe trade these for other funds that have much lower expense ratios. Any suggestions? I have no idea what to do or how to do it. Any helpful suggestions would be gratefully accepted.
Thanks very much
Td Ameritrade let's you use margin
I thought TD Ameritrade and Interactive Brokers offer “Settlement Margin” in Roth IRA accounts.
Some brokers (may be all) will actually allow limited margins on IRA accounts and you can buy and sell before funds settle.