Roth IRA with TDAmeritrade?
I recently signed up with TD Ameritrade to begin a Roth IRA. I started with just $500 as I do not have much to start with. I am a college student and just 22 years old.
I want to start with an investment in an index fund, however I noticed that many of the minimums are much higher than $500. Some at 3000 (vanguard). Does anyone have an suggestions on a specific fund to begin with?
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Keep investing in the Roth IRA. They hold an index fund already. When you've fully contributed to it, then look into mutual funds because most index funds want 2-3,000 dollars to start with.
Check and see if you can get into Vanguard STAR. I think it has a $1000 minimum and is a balanced fund of funds.
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