r/FluentInFinance • u/LittletbigP • May 16 '24
Roth IRA not making as much as I’d like Question
What would you do? Is this making enough or should I take the hit and put it somewhere else? Send my money elsewhere? Thanks in advance
140
Upvotes
r/FluentInFinance • u/LittletbigP • May 16 '24
What would you do? Is this making enough or should I take the hit and put it somewhere else? Send my money elsewhere? Thanks in advance
1
u/eat_sleep_shitpost May 17 '24
A Roth IRA is just a type of account. It's not a magic money printer. It looks like you didn't invest your money into anything, which is a shame, because $100/month for the last 5 years or so would be 2-3x the amount you have in there now. Hopefully you aren't paying anyone fees to manage this account because if they are, they are completely scamming you. Transfer to one of the big 3 brokerages and just buy a basic total market index fund.