- May 5, 2010
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This is my first time posting a finance-related question here, but I thought there might be some smart people who can point me in a good direction. Some creative thinking might be useful. What is the best way to set up an IRA to have leveraged stock market exposure? What I have in mind is approximately 2:1 exposure to an index such as the S&P 500. I am in my mid-twenties and have about 20,000 USD in an IRA which is completely invested in a mutual fund called Thrivent Mid Cap Growth A. And I have felt for a while that I should put the money in something with higher risks and higher yields at least until I am thirty. When I saw that Robert Shiller at Yale recommended a book titled, Lifecycle Investing, I eagerly read it. The authors suggest doing exactly what I have described above. I called Vanguard a couple days ago and ended up feeling a little discouraged: My complete lack of investing experience may prevent a brokerage firm from approving me to buy stock options in order to achieve my goal of leveraging.