Exactly How I'd Invest $5,000 if I Had to Start From Scratch Today
After you've been at it for long enough, investing ends up a bit like golf -- you play the ball as it lies. You have money invested in certain ways in certain account types. When it comes to moving money across account types or between investments within brokerage accounts, there's only so much you can efficiently do.
With that in mind, it makes sense to get a good start so that you have fewer money regrets later. If I were just starting out investing today, I know exactly how I'd start from scratch and invest my first $5,000. I'd get the money inside a Roth IRA, buy the Invesco S&P 500 Equal Weight ETF (NYSEMKT: RSP), and set the dividends to reinvest. It's a simple strategy, but one with a lot of power behind it.
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Source Fool.com
