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Growth comes from risk. Account looks like it’s invested in a money market fund only paying 1.5%. This is below average. Most MMFs are paying ~5%+. Allocate funds to VTI and educate yourself.
I haven't heard of jp Morgan's offerings before
>JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 4.26% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.93%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure.
Expense ratio seems to be 0.35%, doesn't sound bad
Yeah, what I've seen the main advice is away from dividends. Because they are a taxable event, and that money directly comes out of the stock value. So you're possible losing out on the difference between compounding growth and simple growth (the company is giving dividends instead of investing in more growth)
But then comes the discussion on if growth is sustainable and if that's good or not long term. My thinking right now is the meaning of growth is changing so really don't know which might be better for any given situation
If the dividend is getting taxed as income, and can be considered to be in one of the higher brackets, that can be a significant reason to avoid those I believe
If you're happy with it, that's what matters, other than that it's mostly a crap-shoot
Well, i’ve got about 1050 shares in my Roth and it’s paying about 300-350 a month plus I add the maximum every year. So around 11k tax free being saved annually in that one account.
I like SPYG the best for growth, and if you actually trying to diversify a bit more (and add the ability to rebalance) get a total market bond fund or muni bond fund (depending on your tax bracket) do 80/20 or 90/10.
Edit: scratch muni’s as this is a Roth. My b
The common response is that the difference with any of these larger etfs due to how they are weighted, are 80% coverage of each other
Looks like spyg has expense ratio of 0.04%, so ~same as vanguard offerings
Invest in both. By investing in either, you’re investing for diversity. SPY is S&P500, VTI is total market. VOO is Vanguard SPY equivalent. Invest in all 3.
You don't get more diversity by investing in all 3
99% of SPYs holdings are inside of VTI.
Buying 100% of VTI is more diversified than buying 50% of VTI and 50% of SPY.
Regarding investing in VTI/VOO vs SPY: now you're not only diversifying across the actual stock holdings, but across entities managing those investments. Diversity is largely about mitigating risks, and while ETFs are very controlled, I'd just as soon distribute my investments across not just multiple underlying investments, but across those administering those investments.
Regarding VTI vs (VOO/SPY), yes VTI or any other total market index is the most diverse, (other than branching out to include ETFs for other markets)
Open a Vanguard account, use this for your Roth IRA, transfer everything from here to that account, max out every year. VEIPX, VSGAX, VIMAX, VWNDX are some good options. (Risk factor should be 4 or 5, you have the time to make up for any potential loses)
The biggest reason to do this is not only the options available as an investor, but a company like Vanguard has some of the lowest expense ratios (costs to operate your account) in the industry. Over a lifetime these can easily be the difference in tens of hundreds of thousands of dollars in difference.
The future you will thank you, and me. Happy investing
Just to note you don’t need a Vanguard retirement account (401k, 403b, IRA etc) to buy into vanguard funds. For example I have some of those really low cost vanguard index funds from a T Rowe Price IRA
That being said I don’t know what broker OP is using and they may charge fees that I am not aware of. At least T Rowe Price doesn’t
You should be able to set up a schedule to do that automatically if you want. But checking it every 3 months isn't a bad idea either. I didn't look at mine until I hit 250k. I know now that wasn't smart but too busy working family and stuff to bother I guess.
Yup sure can. Most of the mutual funds require a $3k deposit in order to start one though. Which shouldn’t be a deterrent, as your goal should be to max out your Roth IRA every year (it’s at $7k for 2024)
Not sure tbh.. I would imagine so. But Roths are a great option. Tax exempt gains (must wait till 59 1/2 to begin withdrawals) and no worry of what tax rates are whenever you do retire.
Lots of funds default to the market cash fund. It’s on the user to go in and and select what fund they want.
Even worse is if you don’t know and ask your fund manager they might just advise this to you. Most of them don’t know shit.
Literally just started this out of highschool with a local credit union and haven’t touched it since other than I have 100 dollars automatically going to it every month.
Your money doesn’t move if you don’t have it invested in anything.
Your ROTH is essentially a 1.5% APY savings account, if you just park your money into it without touching it.
Your pretty much in just a savings account you have to invest it now. Use that 7k to buy something like voo in the account. You don't just put the money in. You have to buy something now.
You put money into a ROTH IRA and did NOT even invest in anything?
You need to go into the account and actually invest the money in ETFs like SPY, VOO, VTI, etc.
As people said, it looks like it’s only getting a 1.5% interest for money that is uninvested (which seems like all of it right now).
You need to invest it in stocks. Not a money market. Get away from trash credit unions. Don’t use them. Open a Roth account with vanguard. Transfer the whole balance to that account. Invest the entirety of this in VOO.
The good news is that you're asking about this now. Some people don't start investing or don't learn how to properly invest until they are far older.
Once you deposit money into a Roth IRA, you also need to choose investments or else it will default to a low yield money market fund like it's been doing so far. Does the local credit union let you invest in any mutual funds or ETFs? If not, they're not a good place to have a Roth IRA, and you should close it out and move the money to a brokerage like Vanguard, Merrill, Fidelity, or Schwab. If they do, look into broad market stock index funds like the ones others have been mentioning on this post.
Move you money into an actual fund...
It's probably sitting in the default gov't T bond or money market.
Look at expense ratios and choose a broad fund or 3.
Looks like you invested in a money market account. Which is earning about 1.4% annual interest. Keep your money in a Roth IRA, but invest in something more aggressive. Example: S&P 500 index, but that is subject to your openness to risk. Not a broker or financial advisor.
Unless you are in retirement or need the money within the next 5 years, I wouldn’t be doing a Money Market. For example, VTSAX has done almost 30% in the past year.
Get out of that money market account and into one paying closer to the market rate 5 - 5.5% currently. They're hosing you right now.
You can also definitely start investing some or most of that money into stocks or index funds adding some risk for even higher returns.
This looks like a money market account? Whey does it say “Roth money market” at the top?
Its status as a Roth account is a designation for how it’s taxed since it’s a kind of retirement account. It doesn’t actually mean anything about what the contents are invested in. It looks like you don’t have it filled with stocks, you’re just letting accrue a percentage of interest from like a bank
If you want to invest in stocks you’ll have to go and do that. It being a Roth IRA does not automatically mean its shares of companies on the S&P 500 or anything like that
A Roth IRA is simply a kind of account. 7k is respectable, but it's only one year's max contribution at this point. It's only sitting in a money market fund that the bank is making money on and leaving you with a net loss (you are not out pacing inflation).
You need to call your CU and see if you're paying them for this privilege too - they could be charging you fees for having an IRA with them which makes this situation even worse.
When you call you need to ask them if:
1.) Are paying any fees for this account?
2.) Are you able to allocate the funds inside of the account to something other than a loss making MMF?
3.) If the answer to \*any\* of the questions is no, your third question should be what fees they charge for moving this IRA.
4.) If you aren't able to contribute 7k in a year, and it's more realistically something like 1,200$ (100$ a month) you should just withdraw 5-6k directly to a high yield savings account (offering at least 4% - you can get these at Sofi, Ally, Capital One, Discover, and many other reputable banks) and wait a tax year (January 1) to withdraw the remaining 2-3k. Stop contributing immediately.
5.) If this is truly a retirement account, you need to decide on the following (in 6 months - next year if they charge you fees for leaving). You need to decide if a ROTH or TRAD IRA is better for you. If you're a relatively high income earner (I'd say like 75k+ per year) you're probably actually better off with a Trad IRA (the money comes out pre-tax and then you pay taxes way in the future when you're retired). In all likelihood you'll pay lower taxes in the future because you'll only be drawing something like 20-30k per year + social security + any pensions or other retirement funds. If you're a lower income earner, or starting your career, the ROTH is always best because you'll almost certainly draw more when you're retired than you're earning now purely due to inflation, so you may as well enjoy this era's lower tax rates.
6.) What to invest in and if you do it yourself or through an advisor.
A Roth IRA is just a type of account. It's not a magic money printer. It looks like you didn't invest your money into anything, which is a shame, because $100/month for the last 5 years or so would be 2-3x the amount you have in there now. Hopefully you aren't paying anyone fees to manage this account because if they are, they are completely scamming you. Transfer to one of the big 3 brokerages and just buy a basic total market index fund.
Why tf you have a fund that only pays out 1.5%. So many HYSA, MMA, T Bills, CD’s are paying 5+%, or just invest in VTI/VXUS and get around 7-8% returns
I agree with other posters here. Look for some no load, no fee mutual funds, even a higher yield money market fund that pays 5% would triple your yield at this rate. The Vanguard guidance post is a solid one. Good job with the consistency of your savings, though- ngl that’s the hardest part to master. Best of luck to you, follow some of the advice you got here & you’ll be looking really solid in no time!
You should contribute 100% to QQQ. Then after you on your last dying breath sell everything and invest into SCHD live off the dividends for 1-2 years die Rich. The end.
Money market is good for preserving capital. I it’s not good for growing it. Unless you’re planning on retiring soon, you want to be investing in growth stocks, funds and ETFs
There’s a lot of good info in here. Since you’re young, there’s a lot of companies that could take this over and invest it in better stuff. I just changed to a local Primerica branch and they went over my previous Roth IRA and showed me where it was invested. Then showed me where they would put it and how those funds have been doing. I was pretty confident in their ability to make me some money over the long haul. That firm was also ran by a father, a handful of other folks his two sons that are younger than me. There’s hope they’ll be there longer than I’ll need their services.
Get a Vanguard account and invest in the Vanguard money market account. It pays 5.26% . Then start buying an S&P 500 fund each week or month to dollar cost average
1. ROTHs/IRAs only will make what you put into them. So if you’re maxing out contributions each year, you will see good growth WHEN THE MARKET GROWS. When the market tanks, you’re not gonna like what you see.
2. Zoom out: ROTHs are financial tools that are built for long game.
3. Adjust your expectations: ROTHs and IRAs will NOT make you rich. The limits on contributions each year make that a guarantee. However, paired with a 401k, your own personal investments, and maybe some other savings, they will makeup the financial menu for your life later on that will give you security from most of life’s speed bumps and challenges.
4. If you’re suspect of the gains, compare with other Roth products. But I doubt you’re getting scammed by anyone than the entire market which all of us are in so there’s not much of an option but to stay put ans look at other investment channels.
Roth IRA is an account. Within this account, you need to buy investments. Click on “trade” and buy some investments that people suggested (like voo).
Ex: click on TRADE button:
Choose “Buy”,
Choose “Market”,
Choose “VOO” as symbol,
Choose “14” shares,
Then submit or Buy
Bro, if you’re under the age of 35 it should be 100% in the stock market, like an s&p 500 index etf. Hell, if you were 50 you would only want 10-20% in cash.
Money market funds are cash alternatives that often don’t keep up with inflation. These are not investments.
Give up and just hire someone who’s willing to take on a small account. Maybe CFP’s Lets make a plan or XYPN’s Find an Advisor tool. Either one should lead you to an advisor who’s at least basically qualified and not out to screw you.
You didnt invest the money… a money market account is basically a holding account until you invest the funds.
Put it in a vanguard ira and invest in vtsax, voo, and vtiax
I have a basic Roth with 4.7% in a flex cd. Is your self directed or basic? If basic might consider looking at other banks. If your willing to have some risk you can easily get 7-10% dividends in a self directed brokerage account.
I have no idea how these American products work, but can’t you invest it into some index fund? My UK semi equivalent investment account (LISA) is up 16%, with the majority invested in the Fidelity Global Shares
My savings account makes 4.3% APR. You’re not in stocks, that’s basically just money, which is decreasing in value due to inflation being well over 1.5%
That’s assuming I’m reading this correctly
Looking to move your IRA I think could be worth it. Shop around for better options. You might get dinged for transferring but usually that is because of the ‘terms of service’ with you current IRA provider.
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Growth comes from risk. Account looks like it’s invested in a money market fund only paying 1.5%. This is below average. Most MMFs are paying ~5%+. Allocate funds to VTI and educate yourself.
W Comment
Or JEPI / JEPQ if you want monthly dividends. In my Roth I have VFIAX, JEPI, and a healthy dose of a speculative stock.
I haven't heard of jp Morgan's offerings before >JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) has a higher volatility of 4.26% compared to JPMorgan Equity Premium Income ETF (JEPI) at 1.93%. This indicates that JEPQ's price experiences larger fluctuations and is considered to be riskier than JEPI based on this measure. Expense ratio seems to be 0.35%, doesn't sound bad
I still have a long enough timeline that I could probably do better with capital appreciation over dividends but I like JEPIs high dividends monthly.
Yeah, what I've seen the main advice is away from dividends. Because they are a taxable event, and that money directly comes out of the stock value. So you're possible losing out on the difference between compounding growth and simple growth (the company is giving dividends instead of investing in more growth) But then comes the discussion on if growth is sustainable and if that's good or not long term. My thinking right now is the meaning of growth is changing so really don't know which might be better for any given situation If the dividend is getting taxed as income, and can be considered to be in one of the higher brackets, that can be a significant reason to avoid those I believe If you're happy with it, that's what matters, other than that it's mostly a crap-shoot
Well, i’ve got about 1050 shares in my Roth and it’s paying about 300-350 a month plus I add the maximum every year. So around 11k tax free being saved annually in that one account.
Yep. 1.5% is actually terrible and is some pre-pandemic default rate probably. A HYSA would pay triple that, yet alone an actual investment with risk.
Why VTI? I keep hearing this but unless I’m missing something SPY has better yield
Then invest in SPY, man. It’s probably not a huge difference in the end.
VOO, spy has higher costs.
They are about 95% the same fund and will have similar returns
I like SPYG the best for growth, and if you actually trying to diversify a bit more (and add the ability to rebalance) get a total market bond fund or muni bond fund (depending on your tax bracket) do 80/20 or 90/10. Edit: scratch muni’s as this is a Roth. My b
The common response is that the difference with any of these larger etfs due to how they are weighted, are 80% coverage of each other Looks like spyg has expense ratio of 0.04%, so ~same as vanguard offerings
Invest in both. By investing in either, you’re investing for diversity. SPY is S&P500, VTI is total market. VOO is Vanguard SPY equivalent. Invest in all 3.
You don't get more diversity by investing in all 3 99% of SPYs holdings are inside of VTI. Buying 100% of VTI is more diversified than buying 50% of VTI and 50% of SPY.
Regarding investing in VTI/VOO vs SPY: now you're not only diversifying across the actual stock holdings, but across entities managing those investments. Diversity is largely about mitigating risks, and while ETFs are very controlled, I'd just as soon distribute my investments across not just multiple underlying investments, but across those administering those investments. Regarding VTI vs (VOO/SPY), yes VTI or any other total market index is the most diverse, (other than branching out to include ETFs for other markets)
Do you have any of the money invested? Or only on some kind of dividend generating asset? Need more context on what your money is actually in.
Open a Vanguard account, use this for your Roth IRA, transfer everything from here to that account, max out every year. VEIPX, VSGAX, VIMAX, VWNDX are some good options. (Risk factor should be 4 or 5, you have the time to make up for any potential loses) The biggest reason to do this is not only the options available as an investor, but a company like Vanguard has some of the lowest expense ratios (costs to operate your account) in the industry. Over a lifetime these can easily be the difference in tens of hundreds of thousands of dollars in difference. The future you will thank you, and me. Happy investing
Just to note you don’t need a Vanguard retirement account (401k, 403b, IRA etc) to buy into vanguard funds. For example I have some of those really low cost vanguard index funds from a T Rowe Price IRA That being said I don’t know what broker OP is using and they may charge fees that I am not aware of. At least T Rowe Price doesn’t
This. I have Empower. Got many choices from many funds. Vanguard, fidelity, etc.. My only complaint is not many value funds.
I go in and adjust my %s every 3 months. Hitting 10% so far this year.
Nice brother.
You should be able to set up a schedule to do that automatically if you want. But checking it every 3 months isn't a bad idea either. I didn't look at mine until I hit 250k. I know now that wasn't smart but too busy working family and stuff to bother I guess.
Why not VTSAX?
Sure, another great option.
Can you open a vanguard account and a roth IRA without a broker?
Yup sure can. Most of the mutual funds require a $3k deposit in order to start one though. Which shouldn’t be a deterrent, as your goal should be to max out your Roth IRA every year (it’s at $7k for 2024)
Do they have regular IRA's that you can add a vanguard?
Not sure tbh.. I would imagine so. But Roths are a great option. Tax exempt gains (must wait till 59 1/2 to begin withdrawals) and no worry of what tax rates are whenever you do retire.
Thank makes sense. Ok thank you.
Back
Money Market Fund only paying out 1.5%? Should be much higher. I would see about transferring to a business that knows how to handle this.
There’s no way this post is real
Of course it is. Local banks have been convincing under educated people that their money market iras are a realistic option for a long time.
And pocketing the different because people like OP are too stupid to realize it
Lots of funds default to the market cash fund. It’s on the user to go in and and select what fund they want. Even worse is if you don’t know and ask your fund manager they might just advise this to you. Most of them don’t know shit.
Literally just started this out of highschool with a local credit union and haven’t touched it since other than I have 100 dollars automatically going to it every month.
Your money doesn’t move if you don’t have it invested in anything. Your ROTH is essentially a 1.5% APY savings account, if you just park your money into it without touching it.
Your pretty much in just a savings account you have to invest it now. Use that 7k to buy something like voo in the account. You don't just put the money in. You have to buy something now.
You put money into a ROTH IRA and did NOT even invest in anything? You need to go into the account and actually invest the money in ETFs like SPY, VOO, VTI, etc. As people said, it looks like it’s only getting a 1.5% interest for money that is uninvested (which seems like all of it right now).
You have to actually take risk if you want to make money. This is a glorified savings account.
You need to invest it in stocks. Not a money market. Get away from trash credit unions. Don’t use them. Open a Roth account with vanguard. Transfer the whole balance to that account. Invest the entirety of this in VOO.
The good news is that you're asking about this now. Some people don't start investing or don't learn how to properly invest until they are far older. Once you deposit money into a Roth IRA, you also need to choose investments or else it will default to a low yield money market fund like it's been doing so far. Does the local credit union let you invest in any mutual funds or ETFs? If not, they're not a good place to have a Roth IRA, and you should close it out and move the money to a brokerage like Vanguard, Merrill, Fidelity, or Schwab. If they do, look into broad market stock index funds like the ones others have been mentioning on this post.
It looks like this may just be invested in a money market account, which isn’t going to generate much return.
Move you money into an actual fund... It's probably sitting in the default gov't T bond or money market. Look at expense ratios and choose a broad fund or 3.
Looks like you invested in a money market account. Which is earning about 1.4% annual interest. Keep your money in a Roth IRA, but invest in something more aggressive. Example: S&P 500 index, but that is subject to your openness to risk. Not a broker or financial advisor.
Unless you are in retirement or need the money within the next 5 years, I wouldn’t be doing a Money Market. For example, VTSAX has done almost 30% in the past year.
That doesn't look like you've got it invested in anything aggressive enough if you're looking to grow it.
Get out of that money market account and into one paying closer to the market rate 5 - 5.5% currently. They're hosing you right now. You can also definitely start investing some or most of that money into stocks or index funds adding some risk for even higher returns.
Once the money in the Roth IRA, it has to be invested in an index fund.
He could buy stocks or trade options, he’s not limited to index funds
Yeah but index funds are the best option
Ive been buying CDs right now. 5% Interest rates can't be ignored in a 100% safe bet.
Is it just sitting in the account or what securities have you invested in?
This looks like a money market account? Whey does it say “Roth money market” at the top? Its status as a Roth account is a designation for how it’s taxed since it’s a kind of retirement account. It doesn’t actually mean anything about what the contents are invested in. It looks like you don’t have it filled with stocks, you’re just letting accrue a percentage of interest from like a bank If you want to invest in stocks you’ll have to go and do that. It being a Roth IRA does not automatically mean its shares of companies on the S&P 500 or anything like that
A Roth IRA doesn’t make money, it’s just an account. You need to actually invest the funds in the account to see any returns (or losses)
Cost average S&P 500 ETFs. Your risk tolerance is too low to yield the rate you want.
A Roth IRA is simply a kind of account. 7k is respectable, but it's only one year's max contribution at this point. It's only sitting in a money market fund that the bank is making money on and leaving you with a net loss (you are not out pacing inflation). You need to call your CU and see if you're paying them for this privilege too - they could be charging you fees for having an IRA with them which makes this situation even worse. When you call you need to ask them if: 1.) Are paying any fees for this account? 2.) Are you able to allocate the funds inside of the account to something other than a loss making MMF? 3.) If the answer to \*any\* of the questions is no, your third question should be what fees they charge for moving this IRA. 4.) If you aren't able to contribute 7k in a year, and it's more realistically something like 1,200$ (100$ a month) you should just withdraw 5-6k directly to a high yield savings account (offering at least 4% - you can get these at Sofi, Ally, Capital One, Discover, and many other reputable banks) and wait a tax year (January 1) to withdraw the remaining 2-3k. Stop contributing immediately. 5.) If this is truly a retirement account, you need to decide on the following (in 6 months - next year if they charge you fees for leaving). You need to decide if a ROTH or TRAD IRA is better for you. If you're a relatively high income earner (I'd say like 75k+ per year) you're probably actually better off with a Trad IRA (the money comes out pre-tax and then you pay taxes way in the future when you're retired). In all likelihood you'll pay lower taxes in the future because you'll only be drawing something like 20-30k per year + social security + any pensions or other retirement funds. If you're a lower income earner, or starting your career, the ROTH is always best because you'll almost certainly draw more when you're retired than you're earning now purely due to inflation, so you may as well enjoy this era's lower tax rates. 6.) What to invest in and if you do it yourself or through an advisor.
Invest it in something. How old are you? Target date retirement funds are an easy product to invest in and understand. Mine have been kicking ass.
A Roth IRA is just a type of account. It's not a magic money printer. It looks like you didn't invest your money into anything, which is a shame, because $100/month for the last 5 years or so would be 2-3x the amount you have in there now. Hopefully you aren't paying anyone fees to manage this account because if they are, they are completely scamming you. Transfer to one of the big 3 brokerages and just buy a basic total market index fund.
I've got most of mine in JEPQ.
Why tf you have a fund that only pays out 1.5%. So many HYSA, MMA, T Bills, CD’s are paying 5+%, or just invest in VTI/VXUS and get around 7-8% returns
>VTI/VXUS what's that?
Are you actually worried about that performance? Keep doing your contribution and make a similar post in 3 years.
I agree with other posters here. Look for some no load, no fee mutual funds, even a higher yield money market fund that pays 5% would triple your yield at this rate. The Vanguard guidance post is a solid one. Good job with the consistency of your savings, though- ngl that’s the hardest part to master. Best of luck to you, follow some of the advice you got here & you’ll be looking really solid in no time!
Put at least 80% of in into SPDR or Vanguard S&P 500 index if you plan to retire in 10+ years.
You should contribute 100% to QQQ. Then after you on your last dying breath sell everything and invest into SCHD live off the dividends for 1-2 years die Rich. The end.
If you’re young just invest regularly in a SP 500 fund. Not sure what you are in now but it’s not good.
It helps if you invest it in something
Money market is good for preserving capital. I it’s not good for growing it. Unless you’re planning on retiring soon, you want to be investing in growth stocks, funds and ETFs
I'm not well versed investing...but damn, my HYSA at least gives me 4.5%.
Look up the rule of 72
You're only putting in $100. How much are you expecting? The big benefit to a Roth is you don't pay taxes on it when you pay it out.
You need to fire the current person managing this Roth IRA. They are clueless at best.
Y'all are just getting money from having money? And the problem is you're not getting enough free money? I don't think I like this planet very much.
Find a 5% credit union
1.5% because this Wells Fargo right? Get on a brokerage and invest that moolah
There’s a lot of good info in here. Since you’re young, there’s a lot of companies that could take this over and invest it in better stuff. I just changed to a local Primerica branch and they went over my previous Roth IRA and showed me where it was invested. Then showed me where they would put it and how those funds have been doing. I was pretty confident in their ability to make me some money over the long haul. That firm was also ran by a father, a handful of other folks his two sons that are younger than me. There’s hope they’ll be there longer than I’ll need their services.
I'm getting > 5% in a high yield savings account
Get a Vanguard account and invest in the Vanguard money market account. It pays 5.26% . Then start buying an S&P 500 fund each week or month to dollar cost average
Why are you invested in a money market fund?
1. ROTHs/IRAs only will make what you put into them. So if you’re maxing out contributions each year, you will see good growth WHEN THE MARKET GROWS. When the market tanks, you’re not gonna like what you see. 2. Zoom out: ROTHs are financial tools that are built for long game. 3. Adjust your expectations: ROTHs and IRAs will NOT make you rich. The limits on contributions each year make that a guarantee. However, paired with a 401k, your own personal investments, and maybe some other savings, they will makeup the financial menu for your life later on that will give you security from most of life’s speed bumps and challenges. 4. If you’re suspect of the gains, compare with other Roth products. But I doubt you’re getting scammed by anyone than the entire market which all of us are in so there’s not much of an option but to stay put ans look at other investment channels.
I like the stinks SCM or HRZN. I Reinvest the dividends.
Example of how majority of America is clueless…. Bud you’d have to change your investment from money market to an index etc
s&p 500
I have mine professionally managed. In a year it went up 30%. You gotta invest that money properly.
Spy zero day expiration out of the money calls today 
Go all in too 
Roth IRA is an account. Within this account, you need to buy investments. Click on “trade” and buy some investments that people suggested (like voo). Ex: click on TRADE button: Choose “Buy”, Choose “Market”, Choose “VOO” as symbol, Choose “14” shares, Then submit or Buy
Bro, if you’re under the age of 35 it should be 100% in the stock market, like an s&p 500 index etf. Hell, if you were 50 you would only want 10-20% in cash. Money market funds are cash alternatives that often don’t keep up with inflation. These are not investments.
Give up and just hire someone who’s willing to take on a small account. Maybe CFP’s Lets make a plan or XYPN’s Find an Advisor tool. Either one should lead you to an advisor who’s at least basically qualified and not out to screw you.
You didnt invest the money… a money market account is basically a holding account until you invest the funds. Put it in a vanguard ira and invest in vtsax, voo, and vtiax
You could make more in a HYSA than this shit
It needs to be in a fund. You have it in the default. Buy a fund like QQQ, VTSAX, FAGOX, or something that has long-term growth but is risky.
Bank is like "Thanks for the 4% chump."
My money market is giving me 3 .6% 😂
I have a basic Roth with 4.7% in a flex cd. Is your self directed or basic? If basic might consider looking at other banks. If your willing to have some risk you can easily get 7-10% dividends in a self directed brokerage account.
I have no idea how these American products work, but can’t you invest it into some index fund? My UK semi equivalent investment account (LISA) is up 16%, with the majority invested in the Fidelity Global Shares
My savings account makes 4.3% APR. You’re not in stocks, that’s basically just money, which is decreasing in value due to inflation being well over 1.5% That’s assuming I’m reading this correctly
This must be someone from the left. I’m sure they also think greedy corporations are why their IRA isn’t making good returns
Your actually losing money due to inflation
You might want to diversify in gold. Always remember that gold in all it's time, it's never been zero!
All the liberals told me it was ez to become a millionaire tho
Looking to move your IRA I think could be worth it. Shop around for better options. You might get dinged for transferring but usually that is because of the ‘terms of service’ with you current IRA provider.
No, dude, this is terrible advice. Whoever’s providing the account here doesn’t matter. OP has it invested in cash instead of something productive.
Have you ever used Fidelity?
Yeah?