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blktour · 03-02-2009, 04:02 PM

Well I did a search and found nothing. I was trying to find NOSOUPS posts hoping to see anything that might help me on the financial side.

I am looking to open up something that lets me invest in my future. I am 25, young, single and make decent money. I tend to spend too much money on crap, so I am trying to invest about $100 a month into something like an IRA or Mutual fund.

I called my financial advisor or whatever you call it. at USAA. he said I should do some risk since I am young.

He said something about a 60% and 40% split of 60 being stocks, and 40 being mutual funds Roth Ira. Balance strategy he called it.

I am just wondering what is my best bet to invest into with about $100 a month that will help me in the future?

I am so lost as to what to do, and hope you all can help me. I am also trying to get into my 401k at my job, but I want to know what would be better. a 401k or the mentioned above?

what are the pros and the cons of each?

03-02-2009, 04:02 PM	#1 (permalink)
blktour Psycho Location: Anchorage, AK	Investments: Well I did a search and found nothing. I was trying to find NOSOUPS posts hoping to see anything that might help me on the financial side. I am looking to open up something that lets me invest in my future. I am 25, young, single and make decent money. I tend to spend too much money on crap, so I am trying to invest about $100 a month into something like an IRA or Mutual fund. I called my financial advisor or whatever you call it. at USAA. he said I should do some risk since I am young. He said something about a 60% and 40% split of 60 being stocks, and 40 being mutual funds Roth Ira. Balance strategy he called it. I am just wondering what is my best bet to invest into with about $100 a month that will help me in the future? I am so lost as to what to do, and hope you all can help me. I am also trying to get into my 401k at my job, but I want to know what would be better. a 401k or the mentioned above? what are the pros and the cons of each?