Learn from the master: That’s good advice whether we’re talking about developing negotiating skills, golfing, or playing the violin. It’s also applicable to investing.
In the investing world, there are few (if any) greater masters than Warren Buffett. I think that applying the wisdom he has imparted through the years can enable some disciplined investors to amass fortunes over time. Here’s how maxing out a Roth IRA with Buffett’s favorite exchange-traded fund (ETF) could make you $1.3 million.
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Answering three key questions
You probably have some questions after reading my bold claim. Let’s address three of those key questions right out of the gate.
First, why is a Roth IRA a good alternative for investing your money? The answer is simple: It provides a way to grow your portfolio tax-free. Yes, you’ll have to pay taxes on your contributions. After that,…