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Last post 03-02-2008, 5:01 PM by SkiBum510. 1 replies.
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  •  02-25-2008, 3:56 PM 24110

    Newbie IRA Question

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        I am new to investing had question.  How exactly does an IRA with an online broker work?  Can i just put in money every month and have it randomly invested over time, or do i need to be activly involved in buying stocks and investing the money?
    Like i said, im new to this and dont quite understand how it works yet.

    Thanks, Dave

  •  03-02-2008, 5:01 PM 24490 in reply to 24110

    Re: Newbie IRA Question

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    I think it depends on the broker.  Some mutual fund-only brokers require it to be invested at least in a money market fund.   But all of the brokerage firms that trade individual stocks that I have seen allow you to contribute money first and leave it in cash until you are ready to place a trade.
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