I finally took the plunge and invested $1,000 into a Roth IRA. This is something I’ve been contemplating for the last five years or so, ever since I realized that investing was not something I should wait on, and then went ahead and waited on it. So this is a good first step for me. It’s money I am okay with losing if it disappears under a slowing market. Hopefully I’ve diversified enough, with global financial services to hybrid mutuals, to be safe over the long haul. I know enough about it to stay abreast of them, though not enough to invest in those things personally. Which is why I’ve got a money market manager doing all the legwork for me, with nothing to do but make sure I stay swimmingly afloat this ocean of opportunity.
I would eventually like to get into personal investing, though that’s probably three months down the road. It’s quite a bit riskier, takes more time to pursue, and I need to become more familiar with the market overall before I take that plunge.
However, I’m thinking about going green when I do. Environmentally friendly companies are becoming more the norm, and with Google’s announcement that they’re investing up to $10 million in “green” companies (and with Yahoo! sure to follow), it strikes me as something that could produce quite a bit of green on its own. And passive income is something I’m all about now.