24 y/o - wondering what type of investment is best.

[jpg7n16]

Where did you open the IRA? What is the trade commission?

If I am investing $100/month, I wont think about diversification.

If I have opened account with regular broker, I wont buy security every month. I have $100 to invest and I opened my account at scottrade (one of the cheapest). They charge $7 for a trade. What is the point in paying 7.5% in commission?

Hector,

I know Fidelity has some accounts that ahve no fee ETF trading on like 30 different ETFs. You might want to look into one of those.

Trading ETFs at Fidelity; Fidelity Investments

Then it'd be diversified, and comission free.