Campbell's is in the soup (user search)
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  Campbell's is in the soup (search mode)
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Author Topic: Campbell's is in the soup  (Read 5544 times)
BundouYMB
Jr. Member
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Posts: 910


« on: May 27, 2018, 02:26:54 PM »

As someone interested in not being poor my entire life, how would the Atlas trading community advise I go about entering this world of "investing"?

I agree strongly about index funds, but even before investing in normal index funds I would set up a Roth IRA if you don't have one. A Roth IRA is a retirement account that taxes your money on the way in and not on the way out. This means all your earnings are essentially tax free, as long as you don't break any rules (wait until you're retirement age to access the money.)

The money in your Roth IRA can be invested in almost anything, but I would simply set up a Roth IRA that's invested in an index fund. Because of the tax benefits I would max out contributions to your Roth IRA before putting even a penny toward other investments (I believe the limit is $15,000 a year.)
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