This ETF Could Help Grow Any Retirement Account
It's an idea that isn't always given much thought, but not every type of investment is well suited for every type of investment account.
Higher-risk trades that might result in a loss often make the most sense when placed using a taxable brokerage account since that loss can be used to lower taxable income. Similarly, investors in need of current dividend income may be best served by owning their dividend-paying names in a brokerage account rather than a tax-deferred retirement account. They can make the most of an IRA by using them as vehicles to hold long-term growth prospects.
It's for reasons like these that retirement-minded investors currently managing a retirement account may want to consider stepping into the First Trust Nasdaq Cybersecurity ETF (NASDAQ: CIBR) and leaving it alone for a few -- or maybe many -- years.
Source Fool.com
