Opened a fidelity roth IRA account

For many months, once a month, it pulled out $50 from my checking out.

This accumulated to $2500, the minimum to start investing (via fidelity).

I bought into the fidelity 500 index fund.

I've made about $100 in a couple weeks doing absolutely nothing.

I'm sure the market will drop at some point. Can't be discouraged, but must invest wisely.

Would recommend.

Opened a fidelity roth IRA account For many months, once a month, it pulled out $50 from my checking out. This accumulated to $2500, the minimum to start investing (via fidelity). I bought into the fidelity 500 index fund. I've made about $100 in a couple weeks doing absolutely nothing. I'm sure the market will drop at some point. Can't be discouraged, but must invest wisely. Would recommend.
[–] anmanindustries 3 points (+3|-0)

Now is the worst time to put money into market index funds. Specially index funds. Index funds move the worst when there is market corrections and there is a big one trying to happen. (EG, crash). It has correctly significantly over the last few months, but that correction only goes back a year or two. It has another 8 years to go. Give or a take a year for inflation.

People will pull all their money out of those stocks or commodities or index funds and put it into things like cash investments, gold and silver resources and miners, bonds and small cap items where there isnt much room to go down in.

Last crash the ASX (australia stock exchange) ( I study the ASX the most because this is what effects our cash value) cut in half. Anyone holding index funds in australia pretty much would have lost almost everything. Considering the ASX is a shadow of the US markets and I have spent a lot of time with AU and US markets in real time, the same will happen.

I will note that fidelity does have a reputation of stopping out of investments when things go sour, but its always at a cost. But to lose half your money than all of it.

[–] JoeKerr 1 point (+1|-0)

Key rule investing: diversify your portfolio

[–] anmanindustries 1 point (+1|-0)

Correct. I also like people to ensure that they invest in non marketable things too. For example, solar panels are also a financial investment. In the end, you can still lose EVERYTHING you have in the market, no matter how diverse, when your main currency dies. Or the internet.