By Terry Savage on November 29, 2023 | Investments

Is investigating in the “basket” option from fidelity a smart choice for a beginner?

Terry Says

I’m not quite sure what “basket” plan you’re talking about? Are you going directly to Fidelity? Or through an advisor?
Is this an Individual Retirement Account?
How old are you, and what does the rest of your financial situation look like?

If you’re just a beginning investor opening an IRA directly with Fidelity, just use the S&P 500 stock index fund for your IRA, and keep contributing every year no matter what hte market does.
But if I guessed wrong about you, please write back and give me details.



a personal
finance question