<prompt> Human: Looking over my account today and saw what looked to be just cash sitting in my account doing nothing. Is that a correct assessment? I should buy funds with this yes?  <response>: Yes that is absolutely what happened. An IRA is just a basket and you have to decide what it holds. Choosing a Target Date Retirement Fund is a good way to be highly diversified but have it all in one fund it has stocks, bonds, domestic, and international. Later, once you have more money in the IRA, you can look into buying individual index funds to save a bit on the management fees. 