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Monday, October 7, 2024

Should I sell to start my Roth IRA?

Wallpapers | October 07, 2024 | No comments


https://imgur.com/a/EjzAQke^ portfolio Have about 300$~ in total losses with an individual taxable Robinhood account.Want to start a Roth IRA Should I bite the bullet (take the losses and pay the taxes) and liquidate all my assets and then transfer the rest into a fedelity Roth IRA? (Start fresh ) wait until I’m not so negative to liquidate then transfer to Roth IRA? I know I’ve been gambling with the stocks and crypto in my current portfolio. Once I invest with my Roth IRA I’ll invest in SPY, VTI, VOO and other index funds. About me - 24 years old no outstanding debts, 830 credit score, no car bills. Only bills I have are insurance, phone, rent, girlfriend, food. About 1500/ month in expenses I gain about 2500-3000/month Any advice is greatly appreciated. Thank youMY PLANI would wait till a good time to sell, and start investing 400$ into spy in my Roth IRA. Then once I liquidate my assets, I would invest 7k into spy vti and Voo. Do nothing besides invest 7k/ year for 30~ odd years via /r/personalfinance https://ift.tt/feldVKQ



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