I'm a very small investor, very small. I have $1,000 and would like to open a Roth IRA. I'm 49 and single. Whe

SallyG answered one year ago …

I would look for a no-load fund with low expenses and no redemption fee. Vanguard is famous for this, but uses different outside managers for different funds. Other fund families include Fidelity, which manages all of its funds in house. do an Internet search on "mutual funds" or "money market funds" (the latter probably accommodate smaller and more frequent investments). You may want to start at a local bank until you build up a bigger balance. BTW, these are just my impressions from general knowledge—I'm no expert. Good luck.