Invest in your Fidelity ROTH IRA Account with this same strategy that earns me 51% returns, and retire earlier than expected.
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🟡 About This Video:
A ROTH IRA will get you tax-free income in retirement – even on earnings that have accumulated over the years. You can let the money keep growing until you need it, or you can even pass along your tax-free income to your beneficiaries.
There are many online brokerages offering ROTH IRA accounts, my preferred broker account is Fidelity Investments. Their platform offers low transaction fees, they have an awesome customer support line, and you can trade a wide range of assets with them.
Fidelity Investments will help you open the account, but you’ll need to decide how you want to invest the money that goes into your ROTH. Generally, this can be the most difficult part of starting a ROTH.
There are three basic approaches for choosing investments in your ROTH IRA account.
1. You can pick and choose individual stocks for your portfolio.
2. You can buy into a done-for-you portfolio offered by the brokerage account.
3. Or you can consult a financial advisor who will help you with more options.
I personally have designed my own portfolio using a very simple and easy to understand strategy that has earned me over 50% returns. I share my exact strategy in this video.
Index Funds are another way to invest into your ROTH IRA for solid returns.
What is an Index Fund?
An index fund is a type of mutual fund whose holdings match or track a particular market index. It’s hands-off, and you could build a diversified portfolio earning solid returns using mostly this type of investment strategy.
A QUICK NOTE:
I’m not a financial advisor. The opinions and strategies I share in this video are my own. Investing in the stock market involves risk, and you should assess the level or risk you are most comfortable with prior to investing.
Ok, now let’s go over the strategy that I use across all my managed brokerage accounts that has earned me above average returns.
The concept is simple.
When good companies are purchased at overvaluation prices, then you lose time in earning a return on your investment.
But when you purchase good companies at undervalued prices, then you gain time and accelerate the return on your investments.
Let’s take a look at the Facebook ticker as an example. If you had purchased the stock in July of 2018 at the top of the hill, then you would have had to wait until December of 2019 to start seeing your return on investment.
On the contrary, if you had bought the stock towards the “bottom of the hill” around October or December of 2018, then you would have saved yourself many months in seeing your return on investment.
How Do You Find Undervalued Stocks to Invest In?
Watch the video for the answer and more!
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We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won’t experience any loss when investing. Always remember to make smart decisions and do your own research!
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