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I have a Roth Ira and I am focusing on 5G. I can contribute $7,000. How many etfs is to many? I have 10. I have $5,000 left to invest.?
6 Answers
- Anonymous9 months agoFavorite Answer
You need a single s&p 500 index fund.
- Anonymous9 months ago
Depends if your ETF is already diversified or not. I diversify into different stocks and have done so for 20 years, but if you dont know anything about stocks then a low cost S&P index fund is something anyone can do with zero knowledge, and diversified because it trades with the S&P. Do you think the S&P will be higher then now in 10 years? Most likely. Dont buy all at once, plan on 3 or 4 and buy on down days to get a better overall price. Thats my 2 cents :)
- kswck2Lv 79 months ago
I would not invest in technology for a retirement plan. Reason being that it changes too fast and is replaced too quickly by New technology.
I would rather go for tried and true Blue Chip stocks in companies that have been around for a century or more-who pay a dividend i can reinvest.
- Anonymous9 months ago
I am focusing on ice cream shops. How many ice cream shop ETFs are too many?
Maybe if I like ice cream shops that much, I should look at the industry, do some analysis and choose the ice cream shops that I think have the best growth potential.
And maybe I should invest in some companies that aren't ice cream shops.
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- A HunchLv 79 months ago
For someone with your inability to write a comprehensible sentence and doesn't appear to understand the stock market? 1 ETF is too many.
- 9 months ago
5G as in networking? Contributing to a Roth IRA for retirement is a good idea. Concentrating it in narrow investment "bets" is not so much.