Here are some steps you can follow to invest in an IRA:
1. Understand asset allocation. This is simply how your money is divided among different types of investments. You can choose from a variety of investments such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs) .
2. Consider your tolerance for risk. This involves considering a couple of things such as your age, investment goals, and how much risk you are willing to take .
3. Use mutual funds for the base of your portfolio. Mutual funds are a great way to diversify your portfolio and reduce risk .
4. Know when to leave it to the pros. If you're not comfortable managing your own investments, consider hiring a financial advisor .
: [NerdWallet](https://www.nerdwallet.com/article/investing/how-to-invest-ira)
