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Makin' moola!

May 21st, 2011 at 08:10 pm

I listed 6 items this week on e-bay and they all sold! My net profit after ebay/paypal fees is $104.62. The best part...I received these items for free. Not too shabby Wink I will deposit the money next month into my Roth IRA.

YAY!

Posted in Personal Finance, | 2 Comments »

2 Responses to “Makin' moola!”

  1. crazyliblady Says:
    May 22nd, 2011 at 02:26 am 1306031183
    1306031183

    Congrats on your ebay sales, and with so little effort!

    I am also wanting to get started on a Roth IRA. What company do you use? Do they have a minimum deposit? Do they charge fees?

  2. WISEWOMAN Says:
    May 22nd, 2011 at 12:48 pm 1306068506
    1306068506

    Crazyliblady......Roth's are not one size fits all. It's important to do your homework. It depends on your age, risk tolerance and the number of years you expect to (hopefully) retire. I use mutual funds but there are also CD Roth IRA's. I like Vanguard and Fidelity, however there are many companies who offer Roth IRA's. There is usually a minimum investment (eg.1K or so). One important factor is expense ratio of the fund. I try to keep it at 1% or below.

    I have spend many years researching the best fit for me. It will be worth while for you to do the same.


    Good luck!

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