Hi! I just contributed into my Roth IRA target date index fund. I assume I need to do something else to actually invest the money - there is a balance in “cash available to trade”. Now what - do I click “trade” then invest in Stocks/ETF or in Mutual Funds??? I assume it doesn’t invest automatically? Thank you!
You would choose “Mutual Fund” if you are looking to invest in a target date index date and then you have enter the ticker symbol of the index fund you wish you purchase.
Below is a guide of the index funds:
Good call! Many people don’t realize this until many years later only to find out that their money did not grow But you are correct, the money doesn’t invest automatically and you will need to click buy or trade in order to buy the fund.