I wanted to open up a Roth IRA but I’m scared WSBs will end up crashing the market and the market is at all time highs. I know it’s damn near impossible to time the market but I really have a feeling it’s going to crash.
Time in the market beats timing the market. Even if you invested all your money the day before the crash in 2008 you’d still be in a good place right now. With a long enough time horizon this stuff doesn’t matter. If you want to wait like a week or something and then put your money in sure, but my recommendation is just do it now and don’t sweat it. The GME stuff could collapse tomorrow and the market rebounds in a big way. You never know.
No, put as much into your IRA as you can. It compounds. If you’re worried, your IRA provider should have a fund with a retirement age target that should mitigate some risk.
You can contribute to a 2020 IRA until April 15 if you’re nervous about short-term volatility.
If they crash the market and stocks tank, the cash you put into your IRA will be able to buy more shares (because they will cost less)