The Motley Fool Discussion Boards  Previous Page  Personal
Finances / Credit Cards and Consumer Debt   Subject:  Re: How do
I effectively use a Roth IRA Date:  12/14/1999  12:13 PM
Author:  Blueyale Number:  21813 of 308883  Well I'm also young
(just turned 21 last month) and the way to go is a 100% equities
allocation for someone for our age. I don't know what more to
add to except that you want to start early and contribute as
much as often to max out tax deferred accounts and then to a PA
account. The name of the game is compounding and starting early
will compensate for not having too much in the beginning or
making some mistakes. That's the advanatage that youth provides
IMHO.  It's easy to say that you're immune to risk but you have
to know how'd you react if your portfolio lost more than half
its value in one day. Once you have a good idea of whether you
would have control over your emotions, then focus on picking
some quality growth stocks. Investing in quality is a must and
you shouldn't neccesarily