Chase CISC Brokerage account, bad idea?

[JoePrado]

Hello,

I was wondering of good investment options for me being 24 with no intention of using my invested money until i am 60 something.

My mother had me open a Routh IRA retirement fund. I put in 8,636.17 dollars. Problem is the return value was very very low. Chase tried to convince me to put the money in to a brokerage account.

Well, I decided to open this account after hearing the potential earnings to be high. I did not wish to put the entire Routh IRA amount in to this brokerage account but was told that event though it was due it cannot be closed due to the fact that it was for retirement. I was also told that any money taken out is subjected to 10% tax fees.

So, the entire Routh IRA retirement went to a Chase CISC Brokerage account. I do not know if now is good or bad timing. I have faith the market would rise in 40yrs but is a brokerage account a good option?

I know money would go down, but it lost 585. dollars. I was wondering what is best, should I ignore this account and see what will become of it in 40yrs. What should I do with this? Once it picks up should I just sell the account and get something else? I do not like seeing a steadly decline in value, if it's temporary that would be fine.

What is the best to invest, for 40plus yrs? I was thinking of opening a nationwide CD account the return interest is 2.9 for 60 months.

One thing I do not what to do is invest in one spot. I have some troweprice stock, that actually went up somewhat from initial investing.

[ETG]

I would check out some of the vanguard retirement Target date Funds. This way if you just leave your money in the fund it pretty much will be tax free until you sell at retirement or when you are 60.