What stocks should I invest in for my IRA account? What websites/online sources of information should I use for investing advice?

[WhiteBoyChill]

So I’m home from college break and so I’m trying to really think about where I should invest my money.

Does anybody have any suggestions?

I’m thinking maybe investing in Defense because global tensions are on the rise or even possibly some electric vehicle or charging station manufacturers.

Or even drone or AI technologies.

Anyway I’m just having a hard time deciding on what right now.

Does anybody have any suggestions?

And I’ve tried scouring the internet and there just seems to be a million different suggestions from people.

I don’t know what’s good and what isn’t. I’m having a hard time deciding and I don’t know where to get my information from or who I should be listening to.

[nyc_j]

You could just use index funds or automated portfolios. This way you diversify and get "skin in the game" without having to dig deep into individual stocks. Great way to get started. Services like Betterment, SoFi, Fidelity, M1, a whole bunch of these do just fine.

And of course, make sure you have the right mix of IRA stuff (traditional IRA / Roth IRA), either all of one or the other, or a mix of both depending on your individual situation.

Glad that you're loading up tax-advantaged accounts.

[horatiohornblower]

Start off with an index fund. They are generally quite safe and get a decent return.

If you want to risk individual stocks. wait until you have extra money to risk. Your retirement account should be invested in something with a reliable history.

[BarryLiverstone]

My suggestion is to rely on a professional investment company and schedule with them periodic investments. Don’t try to pick individual stocks or bonds on your own. Meet with them to discuss your longterm goals and let them do the research.

[WhiteBoyChill]

I see. Any particular company?

[BarryLiverstone]

I do it with a local company here in Florida. So you can ask around or Google some companies near you whether they are National or local. Most will take a phone call and can schedule a meeting.

[WhiteBoyChill]

I see. So I only have to pay for our meeting times? They don’t charge monthly rates or anything?

[BarryLiverstone]

Most will not charge for meeting with you. Rates vary depending on the firm. But don’t go on your own investing $10,000 to save $100 in annual fees (as an example). Because you could lose most of the money in the market on your own.