I am a 19 Year Old College Student who just opened his Roth IRA I put $1000 dollars in it and am putting $100 monthly to start out. I was wondering the best way to diversify my portfolio. Being young I am looking into High Risk High Reward options but also would like a few medium to low risk options just to be safe. Was wondering what my best route to go would be. I also play around with a couple thousand dollars in stocks. Thanks So Much For Answering.
Put it all in an S&P500 index fund. Never touch it until you start to get closer to retirement age. Hopefully by then you will have plenty of education on diversification strategies.
There will be mediocre years like the last one, and there will be great years like the few prior. Over all you should have some great growth.
Start with SPY as others have said. Then for every $2000 that you have accumulated in the account buy something else like REIT and foreign stocks or small-cap index.
So the first $2000 in SPY (S&P 500) and then next $1000 in REIT and then next $1000 in small-cap and then come back to SPY.