While I was stashed back at school I did some reading on investing, but kind of sat on my hands for awhile since I didn't feel like I had the money on hand to really get into it. I read several books, most notable of them was The Only Guide to a Winning Investment Strategy You'll Ever Need, by Larry Swedroe. His approach is a little complex but makes sense for the most part--he recommends using a 100% index fund approach, and has techniques for lowering risk and increasing efficiency.
I figure now is a pretty good time to start a Roth IRA up since I've got about two weeks before I head down to Corpus, but here's where I'm getting a little stuck. I want to get into about 4-5 funds in my Roth IRA, but Vanguard, the company I want to go with, has a $3,000 minimum buy-in per fund for IRAs. With the $4,000 cutoff per year for Roth IRAs, that means I won't be fully "vested" in my IRA for 4-5 years, which is aggravating.
This is a long post, but here's the bottom line: who else have you guys invested with? Who have you been happy with? Is anyone else doing a passive index-fund investment strategy? If so, who did you go with?
Thanks in advance.
I figure now is a pretty good time to start a Roth IRA up since I've got about two weeks before I head down to Corpus, but here's where I'm getting a little stuck. I want to get into about 4-5 funds in my Roth IRA, but Vanguard, the company I want to go with, has a $3,000 minimum buy-in per fund for IRAs. With the $4,000 cutoff per year for Roth IRAs, that means I won't be fully "vested" in my IRA for 4-5 years, which is aggravating.
This is a long post, but here's the bottom line: who else have you guys invested with? Who have you been happy with? Is anyone else doing a passive index-fund investment strategy? If so, who did you go with?
Thanks in advance.