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Money, Business & Finance Ground >> Investing Question

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5/1/09 12:49 PM
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kungfugrip
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Member Since: 1/1/01
Posts: 1802
 
looking to start a roth ira this january using vanguard. Here is my question:

most funds you need 3000 to start. I dont think I will have that at that time. SHould 1:

a) Invest in a lower fund that isnt my first choice(1000 start-up) and once I get enough built up move the investment into the fund I want

or

b) Just wait the extra 3-6 months to save up the 3000 to invest in the fund i truly want

thinking the second option might be better because I doubt 3-6 month in a mutal fund is going to help that much. Ideas? Is the first option even possible?
6/13/09 6:06 PM
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Worth
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Member Since: 9/5/03
Posts: 565
There's good funds that only cost $25 to get invested in. Good funds for $50 and $100 also. Look around or seek a knowledgable financial advisor.
6/19/09 2:31 PM
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panic686
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Member Since: 3/18/02
Posts: 11956
A lot of companies will let you use a letter of intent if you don't have enough right now. Tell them you will pay a specific amount every month to reach a certain point.
8/26/09 10:58 PM
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koreviewz
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Edited: 09/01/09 9:27 PM
Member Since: 11/22/08
Posts: 506
KO-REVIEWS.COM, OWNER
 I would not go to a financial advisor, as they usually recommend some funds that they get a kick back from.

I'd wait and save up for what you want.  When you start switching funds, you don't really get the value in my opinion.

http://success-and-health.blogspot.com/

 

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