Working Solo - Taxes - Roth IRA's
Thursday, January 24, 2008 3:49 PM
The stock market dive has made recent news and it made me think about those of us with small businesses and how it affects us.
The bright side of a market swoon is the opportunity it presents for those who have years of future ahead of them.
A small seed planted now can grow to a handsome tree for harvest sometime in later life.
If you can spare $500 (borrow it if you have to) and invest it in a Roth IRA with a mutual fund such as Vanguard, Fidelity or Scudder - do it, by all means do it!
Don't procrastinate. Login into Vanguard (for example) and download the application.
Fill it out and send in a check. Get started. Do it now.
The investment market is at a low.
It may stay that way for a week, a month or a year.
But when it moves again, you want to be on board.
Anyway, that's my thought of the day.
Best wishes for the new year.