After watching the lectures for Consumer Law, I heard a lot of positive feedback about the company Vanguard. When researching which companies had the best Roth IRA, Vanguard seemed to be the safest choice. Researching further into which fund to invest, I decided to go with Vanguard Target Retirement 2050 Fund. Benefits of the Roth IRA is that the money invested grows tax free and never pay taxes, also after tax invested. I am very conservative when it comes to spending money, so when investing I get very nervous to hand my money to someone else in fear of losing it. With the Vanguard Target Retirement 2050 Fund I am able to feel confident in my investment because I am not getting taxed on that money that I have set aside. The minimum amount I can invest is $1,000 and the maximum is $5,000. I would choose to invest the maximum of $5,000. The earlier I start investing, the greater amount of times my money has to double. This Fund holds 90% of all of its assets to stocks and 10% to bonds. The acquired fund fees and expenses as stated on the Vanguard website is 0.19%. The average expense ratio is 65% higher than Vanguards expense. As learned in class mutual funds with higher fees do not do better than ones that do not. With companies like Vanguard they are able to take smaller expenses because they have a larger amount of cliental. I like this fund because I can set the amount I would like to invest. I am an accounting major, so my income will be decent my first years as an auditor. I think if I put the max amount of money, $5,000, at the beginning and live below my means to ensure I am going to be able to retire at the date that I want to .

In the money section of this class I learned that the small spending that I am doing is causing a large loss in the long run. Being so young the money I invest now has a greater chance to make more money in the long run. The first thing I need to do is save money. My parents saved to make sure that I would not have debt out of college, but now I am going to further education and will be in a small amount of debt. Before I start to invest I will need to pay off the debt first. My goal is to have one credit card that I have for the soul purpose of creating good credit. I need to next spend less. In the strawhead test I realized that something that seems so cheap like a bottle of water can add up to a lot more if I had invested that small amount of money into a fund. I need to review my monthly expenses and make sure that I am living below my means. When looking for a car for when I graduate I will think not of what looks nice, but what is functional. I do not need to spend money on a car for the looks. Once I am older and have the money to allow me to spend money on wants and not needs, that is when I can spend that extra money. When learning about the compounding effect it is easy to see that if you can get a high interest rate on money invested, then you should put as much money as you can into that fund. I also want to be able to handle my own money. The 2% I would lose when hiring a financial advisor could end up equaling half the amount I would receive if I handled it on my own. I think it is important for me to educated on saving and investing at a young age, because this is the time that I can make the most