Posted on Aug 15, 2016
SPC Temp Worker
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I have thought about going into investing I want to start planning for the future. That way when I retire I have something to fall back on instead of being like my parents during back breaking work at 50. Where can I find good investing sites to do research at?
Posted in these groups: Investing logo InvestingBack to the future part ii original FutureDouble barred dollar sign.svg Money
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Sgt Field Radio Operator
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Edited >1 y ago
SPC (Join to see) Look at the Vanguard website. Vanguard has very low fees for their mutual funds. Invest in index mutual funds to start. The site has plenty of information that will explain the basics of investing. Save as much as you can and invest in tax deferred accounts such as Roth IRA's, 401K, TSP, etc. Look at the Vanguard website, and let me know what questions you have.
http://www.vanguard.com
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MSgt John McGowan
MSgt John McGowan
>1 y
SGT. Very sound advise for the PFC. I will second tour suggestion. My 401 is with Vanguard and the company is great.
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SPC Temp Worker
SPC (Join to see)
>1 y
I already have ROTH and the other one with the military donating 4 percent.
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Sgt Field Radio Operator
Sgt (Join to see)
>1 y
SPC (Join to see) - That is great. I love the Roth IRA since you will not pay any taxes when you start taking withdrawals in retirement.
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Capt Mba Student
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Max out your Roth TSP matching rate for sure (I think 6% is what Uncle Sam will give you, dollar for dollar). You want Roth so its taxed at your income level today vs when you're 65 and at a higher bracket (which is when the Traditional is taxed). I agree with other users on here who say Index mutual funds are great to start.
If you do get into investing in individual stocks, I'd go with Robinhood since it's zero fees for trading. Here's my referral code: share.robinhood.com/mattj422
They're giving away free stock to new users at the moment, which is s a bit indicative of how much money is sloshing around Venture Capital. Just remember, only invest in stocks what you are willing to lose.
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CSM Thomas McGarry
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I would talk to a fee only Certified Financial Planner for guidance
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