ROTH IRA question

[savemachine]

Hey guys,

I'm 28 years old and hoping to invest in a ROTH IRA for the tax year 2008. My question is, is this a good time right now? All indication is pointing to yes and that I can afford to be agressive, but seeing as how economy right now, everything is well in the toilet (my 401K, my old ROTH IRAs, my investments). I"m thinking about Vanguard 2045 retirement funds.

I kept on thinking about Cramer v. Jon Stewart thing and about people who've been working towards retirement (20-30 years or so) facing this type of economic downturn and my heart sank.

Just need a bit reassurance that the market will eventually recovered and things will be peachy again, I suppose.

Thank you for your time,

V/R

[mrose1120]

i missed the cramer thing and can't watch video at work, what did they say about people saving for retirement down the road? I'm in a similar situation..28, 401k in the garbage, looking at new investments, lately i've been dabbling in hte stock market

[sweeps]

With a 30+ year time horizon, you WANT to be investing in stocks. Aggressively.

...particularly when the economy is "in the toilet". Long-term investors make money by buying while everyone else is pessimistic.

[red92s]

Just need a bit reassurance that the market will eventually recovered and things will be peachy again, I suppose.

Honestly, there will probably be at least one, maybe more than one, similar declines between now and the time you retire.

[disneysteve]

I wish I could go back in time to age 28 and start pouring money into stocks at today's prices. Take advantage of it.

[jIM_Ohio]

You always need to be buying something with your investments. Come up with an asset allocation which determines/defines your risk profile and contribute based on that asset allocation.

[kork13]

let's see, how can I put this....

buy. buy buy buy buy buy buy buy, buy buy buy buy buy buy buy buy. buy.

[simpletron]

Hey guys,
Just need a bit reassurance that the market will eventually recovered and things will be peachy again, I suppose.

"The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway. But it stands to reason. I mean, we get more productive every year, you know. It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market." - Warren Buffet

[sweeps]

buy. buy buy buy buy buy buy buy, buy buy buy buy buy buy buy buy. buy.

So, what exactly are you saying?

[kork13]

So, what exactly are you saying?

I am simply advocating the logical consideration of a potential opportunity to advance one's individual standing and financial stability by means of a thorough analysis of the numerous merits pursuant to the potential benefits involved in the personal ownership of assets (particularly in view of the present state of the business atmosphere), followed by the deliberate purchase of an acceptable volume of such interest shares (judiciously selected, of course). It must be observed, however, that the most advantageous application of such principles will occur under the auspices of a ledger which, upon achieving the fruition of its intended purpose, shall be free of governmental levies upon the expectantly significant returns which said holdings must almost certainly accrue during the interim time period.

....smart aleck? maybe....

[sweeps]

Lol !

[savemachine]

Soooo Vanguard retirement 2045? Yay or Nay?

I think I'm investing quite agressively now with about ~28K in savings/emergency fund, ~25K in retirement funds, and ~8K (used to be 15K) in the stock market (individual stocks: GE, SPY makes up most of that)

[sweeps]

Soooo Vanguard retirement 2045? Yay or Nay?

Make it so.