Home › Forums › Financial Markets/Economics › any advice on retirement $$$
- This topic has 30 replies, 6 voices, and was last updated 15 years, 2 months ago by
CAwireman.
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AuthorPosts
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January 10, 2008 at 1:32 PM #11456
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January 10, 2008 at 2:16 PM #133520
pertinazzio
ParticipantI am in a 403(b) retirement plan. I am 80% emerging markets (ODMAX), 10% American Funds Euro-Pacific (AEPGX) and 10% Rainer Small-Mid Cap Equity (RAISX). Only time will tell if I am doing the right thing. So far it is working out pretty darn well. I don’t think the U.S. economy is the safest place to be. What are perceived to be the riskiest of equity investments (namely imerging markets) are today the safest, I think. Anyway if my retirement strategy plays out well (as above) and if the generalized expectations and predictions of a collapsing RE market turn out as expected, then I may just be able to afford a little place down by the cliffs in Pt. Loma in 3 years time. I have got my fingers crossed and my prayer wheel turning!
Incidentally I pay no load to and have no minimum unlike ordinary customers. Pretty cool.
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January 10, 2008 at 4:55 PM #133667
NeetaT
ParticipantInvest in a Limited Partnership with a fledgling company. You will break even in 3yrs and from then on collect 50% on initial investment. When it comes time for the General Partner to sell the company, you will get your money back plus appreciation sometimes as much as 500%. The tax benefits are outstanding and the risk / reward ratio is within a reasonable tolerance.
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January 10, 2008 at 4:55 PM #133858
NeetaT
ParticipantInvest in a Limited Partnership with a fledgling company. You will break even in 3yrs and from then on collect 50% on initial investment. When it comes time for the General Partner to sell the company, you will get your money back plus appreciation sometimes as much as 500%. The tax benefits are outstanding and the risk / reward ratio is within a reasonable tolerance.
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January 10, 2008 at 4:55 PM #133870
NeetaT
ParticipantInvest in a Limited Partnership with a fledgling company. You will break even in 3yrs and from then on collect 50% on initial investment. When it comes time for the General Partner to sell the company, you will get your money back plus appreciation sometimes as much as 500%. The tax benefits are outstanding and the risk / reward ratio is within a reasonable tolerance.
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January 10, 2008 at 4:55 PM #133923
NeetaT
ParticipantInvest in a Limited Partnership with a fledgling company. You will break even in 3yrs and from then on collect 50% on initial investment. When it comes time for the General Partner to sell the company, you will get your money back plus appreciation sometimes as much as 500%. The tax benefits are outstanding and the risk / reward ratio is within a reasonable tolerance.
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January 10, 2008 at 4:55 PM #133961
NeetaT
ParticipantInvest in a Limited Partnership with a fledgling company. You will break even in 3yrs and from then on collect 50% on initial investment. When it comes time for the General Partner to sell the company, you will get your money back plus appreciation sometimes as much as 500%. The tax benefits are outstanding and the risk / reward ratio is within a reasonable tolerance.
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January 10, 2008 at 2:16 PM #133712
pertinazzio
ParticipantI am in a 403(b) retirement plan. I am 80% emerging markets (ODMAX), 10% American Funds Euro-Pacific (AEPGX) and 10% Rainer Small-Mid Cap Equity (RAISX). Only time will tell if I am doing the right thing. So far it is working out pretty darn well. I don’t think the U.S. economy is the safest place to be. What are perceived to be the riskiest of equity investments (namely imerging markets) are today the safest, I think. Anyway if my retirement strategy plays out well (as above) and if the generalized expectations and predictions of a collapsing RE market turn out as expected, then I may just be able to afford a little place down by the cliffs in Pt. Loma in 3 years time. I have got my fingers crossed and my prayer wheel turning!
Incidentally I pay no load to and have no minimum unlike ordinary customers. Pretty cool.
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January 10, 2008 at 2:16 PM #133725
pertinazzio
ParticipantI am in a 403(b) retirement plan. I am 80% emerging markets (ODMAX), 10% American Funds Euro-Pacific (AEPGX) and 10% Rainer Small-Mid Cap Equity (RAISX). Only time will tell if I am doing the right thing. So far it is working out pretty darn well. I don’t think the U.S. economy is the safest place to be. What are perceived to be the riskiest of equity investments (namely imerging markets) are today the safest, I think. Anyway if my retirement strategy plays out well (as above) and if the generalized expectations and predictions of a collapsing RE market turn out as expected, then I may just be able to afford a little place down by the cliffs in Pt. Loma in 3 years time. I have got my fingers crossed and my prayer wheel turning!
Incidentally I pay no load to and have no minimum unlike ordinary customers. Pretty cool.
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January 10, 2008 at 2:16 PM #133779
pertinazzio
ParticipantI am in a 403(b) retirement plan. I am 80% emerging markets (ODMAX), 10% American Funds Euro-Pacific (AEPGX) and 10% Rainer Small-Mid Cap Equity (RAISX). Only time will tell if I am doing the right thing. So far it is working out pretty darn well. I don’t think the U.S. economy is the safest place to be. What are perceived to be the riskiest of equity investments (namely imerging markets) are today the safest, I think. Anyway if my retirement strategy plays out well (as above) and if the generalized expectations and predictions of a collapsing RE market turn out as expected, then I may just be able to afford a little place down by the cliffs in Pt. Loma in 3 years time. I have got my fingers crossed and my prayer wheel turning!
Incidentally I pay no load to and have no minimum unlike ordinary customers. Pretty cool.
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January 10, 2008 at 2:16 PM #133817
pertinazzio
ParticipantI am in a 403(b) retirement plan. I am 80% emerging markets (ODMAX), 10% American Funds Euro-Pacific (AEPGX) and 10% Rainer Small-Mid Cap Equity (RAISX). Only time will tell if I am doing the right thing. So far it is working out pretty darn well. I don’t think the U.S. economy is the safest place to be. What are perceived to be the riskiest of equity investments (namely imerging markets) are today the safest, I think. Anyway if my retirement strategy plays out well (as above) and if the generalized expectations and predictions of a collapsing RE market turn out as expected, then I may just be able to afford a little place down by the cliffs in Pt. Loma in 3 years time. I have got my fingers crossed and my prayer wheel turning!
Incidentally I pay no load to and have no minimum unlike ordinary customers. Pretty cool.
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January 10, 2008 at 5:49 PM #133743
gold_dredger_phd
ParticipantStop the spam!
Limited partnerships are BS. Do you set up limited partnerships?
Don’t invest in anything you cannot understand and don’t control. Many people have been ripped off by their partners in these things. F-that!
Assume no liability, assume there is no quick route to riches, and stop worshipping money.
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January 10, 2008 at 6:47 PM #133792
NeetaT
Participant“Limited partnerships are BS. Do you set up limited partnerships?”
No spam intended. I actually know little about limited partnerships. All I know is that I collect a nice check every month from the business. Maybe I should collect more, I don’t know. I could very well be getting skimmed for thousands, but I think that is the risk you take in all businesses. For all I know the General Partners may be partying every night with my money and I would never know it. My mutual fund manager may also be skimming money. The sate may be skimming property tax money. So far I have been lucky in this new to me Limited Partnership. I guess I will be much more comfortable once I double my money and don’t have to worry about losses. I did not know nor have I ever heard that this business plan was a rip off. Maybe I would have been persuaded not to commit to this had I heard negative publicity.
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January 10, 2008 at 7:28 PM #133829
patientrenter
ParticipantNeetaT, I can’t figure you out at all. From your posts, I gather you make good money, so you must be smart. You save a lot. You eschew all debt (like me), and all equity-type investments (like me until a couple of years ago). So you’re very risk-averse. You’re also clearly a civilized and polite person.
Although you avoid stocks and other investments that have risk and fully disclose their risks, you are happy to invest in the hairiest get-rich-quick slimeball schemes that you know nothing about, as long as they don’t disclose, and maybe even hide, their risks.
My strong advice to you is to assume first that any investment that promises to pay more than risk-free Treasury yields is risky, and the amount of risk is in direct proportion to the extra expected return. Then your only goal in investigating a specific investment is to learn fully what the risks are, and deciding if you’re comfortable with them. If the degree of risk appears low compared to the return, then there is a 99.99% chance that you’ve overlooked one of the risks.
Sorry if I sound like I’m lecturing, but you don’t seem like you deserve to get ripped off, or even just unpleasantly surprised. I sure hope you get your money back.
Patient renter in OC
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January 10, 2008 at 7:28 PM #134020
patientrenter
ParticipantNeetaT, I can’t figure you out at all. From your posts, I gather you make good money, so you must be smart. You save a lot. You eschew all debt (like me), and all equity-type investments (like me until a couple of years ago). So you’re very risk-averse. You’re also clearly a civilized and polite person.
Although you avoid stocks and other investments that have risk and fully disclose their risks, you are happy to invest in the hairiest get-rich-quick slimeball schemes that you know nothing about, as long as they don’t disclose, and maybe even hide, their risks.
My strong advice to you is to assume first that any investment that promises to pay more than risk-free Treasury yields is risky, and the amount of risk is in direct proportion to the extra expected return. Then your only goal in investigating a specific investment is to learn fully what the risks are, and deciding if you’re comfortable with them. If the degree of risk appears low compared to the return, then there is a 99.99% chance that you’ve overlooked one of the risks.
Sorry if I sound like I’m lecturing, but you don’t seem like you deserve to get ripped off, or even just unpleasantly surprised. I sure hope you get your money back.
Patient renter in OC
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January 10, 2008 at 7:28 PM #134028
patientrenter
ParticipantNeetaT, I can’t figure you out at all. From your posts, I gather you make good money, so you must be smart. You save a lot. You eschew all debt (like me), and all equity-type investments (like me until a couple of years ago). So you’re very risk-averse. You’re also clearly a civilized and polite person.
Although you avoid stocks and other investments that have risk and fully disclose their risks, you are happy to invest in the hairiest get-rich-quick slimeball schemes that you know nothing about, as long as they don’t disclose, and maybe even hide, their risks.
My strong advice to you is to assume first that any investment that promises to pay more than risk-free Treasury yields is risky, and the amount of risk is in direct proportion to the extra expected return. Then your only goal in investigating a specific investment is to learn fully what the risks are, and deciding if you’re comfortable with them. If the degree of risk appears low compared to the return, then there is a 99.99% chance that you’ve overlooked one of the risks.
Sorry if I sound like I’m lecturing, but you don’t seem like you deserve to get ripped off, or even just unpleasantly surprised. I sure hope you get your money back.
Patient renter in OC
-
January 10, 2008 at 7:28 PM #134084
patientrenter
ParticipantNeetaT, I can’t figure you out at all. From your posts, I gather you make good money, so you must be smart. You save a lot. You eschew all debt (like me), and all equity-type investments (like me until a couple of years ago). So you’re very risk-averse. You’re also clearly a civilized and polite person.
Although you avoid stocks and other investments that have risk and fully disclose their risks, you are happy to invest in the hairiest get-rich-quick slimeball schemes that you know nothing about, as long as they don’t disclose, and maybe even hide, their risks.
My strong advice to you is to assume first that any investment that promises to pay more than risk-free Treasury yields is risky, and the amount of risk is in direct proportion to the extra expected return. Then your only goal in investigating a specific investment is to learn fully what the risks are, and deciding if you’re comfortable with them. If the degree of risk appears low compared to the return, then there is a 99.99% chance that you’ve overlooked one of the risks.
Sorry if I sound like I’m lecturing, but you don’t seem like you deserve to get ripped off, or even just unpleasantly surprised. I sure hope you get your money back.
Patient renter in OC
-
January 10, 2008 at 7:28 PM #134122
patientrenter
ParticipantNeetaT, I can’t figure you out at all. From your posts, I gather you make good money, so you must be smart. You save a lot. You eschew all debt (like me), and all equity-type investments (like me until a couple of years ago). So you’re very risk-averse. You’re also clearly a civilized and polite person.
Although you avoid stocks and other investments that have risk and fully disclose their risks, you are happy to invest in the hairiest get-rich-quick slimeball schemes that you know nothing about, as long as they don’t disclose, and maybe even hide, their risks.
My strong advice to you is to assume first that any investment that promises to pay more than risk-free Treasury yields is risky, and the amount of risk is in direct proportion to the extra expected return. Then your only goal in investigating a specific investment is to learn fully what the risks are, and deciding if you’re comfortable with them. If the degree of risk appears low compared to the return, then there is a 99.99% chance that you’ve overlooked one of the risks.
Sorry if I sound like I’m lecturing, but you don’t seem like you deserve to get ripped off, or even just unpleasantly surprised. I sure hope you get your money back.
Patient renter in OC
-
-
January 10, 2008 at 6:47 PM #133983
NeetaT
Participant“Limited partnerships are BS. Do you set up limited partnerships?”
No spam intended. I actually know little about limited partnerships. All I know is that I collect a nice check every month from the business. Maybe I should collect more, I don’t know. I could very well be getting skimmed for thousands, but I think that is the risk you take in all businesses. For all I know the General Partners may be partying every night with my money and I would never know it. My mutual fund manager may also be skimming money. The sate may be skimming property tax money. So far I have been lucky in this new to me Limited Partnership. I guess I will be much more comfortable once I double my money and don’t have to worry about losses. I did not know nor have I ever heard that this business plan was a rip off. Maybe I would have been persuaded not to commit to this had I heard negative publicity.
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January 10, 2008 at 6:47 PM #133994
NeetaT
Participant“Limited partnerships are BS. Do you set up limited partnerships?”
No spam intended. I actually know little about limited partnerships. All I know is that I collect a nice check every month from the business. Maybe I should collect more, I don’t know. I could very well be getting skimmed for thousands, but I think that is the risk you take in all businesses. For all I know the General Partners may be partying every night with my money and I would never know it. My mutual fund manager may also be skimming money. The sate may be skimming property tax money. So far I have been lucky in this new to me Limited Partnership. I guess I will be much more comfortable once I double my money and don’t have to worry about losses. I did not know nor have I ever heard that this business plan was a rip off. Maybe I would have been persuaded not to commit to this had I heard negative publicity.
-
January 10, 2008 at 6:47 PM #134049
NeetaT
Participant“Limited partnerships are BS. Do you set up limited partnerships?”
No spam intended. I actually know little about limited partnerships. All I know is that I collect a nice check every month from the business. Maybe I should collect more, I don’t know. I could very well be getting skimmed for thousands, but I think that is the risk you take in all businesses. For all I know the General Partners may be partying every night with my money and I would never know it. My mutual fund manager may also be skimming money. The sate may be skimming property tax money. So far I have been lucky in this new to me Limited Partnership. I guess I will be much more comfortable once I double my money and don’t have to worry about losses. I did not know nor have I ever heard that this business plan was a rip off. Maybe I would have been persuaded not to commit to this had I heard negative publicity.
-
January 10, 2008 at 6:47 PM #134086
NeetaT
Participant“Limited partnerships are BS. Do you set up limited partnerships?”
No spam intended. I actually know little about limited partnerships. All I know is that I collect a nice check every month from the business. Maybe I should collect more, I don’t know. I could very well be getting skimmed for thousands, but I think that is the risk you take in all businesses. For all I know the General Partners may be partying every night with my money and I would never know it. My mutual fund manager may also be skimming money. The sate may be skimming property tax money. So far I have been lucky in this new to me Limited Partnership. I guess I will be much more comfortable once I double my money and don’t have to worry about losses. I did not know nor have I ever heard that this business plan was a rip off. Maybe I would have been persuaded not to commit to this had I heard negative publicity.
-
-
January 10, 2008 at 5:49 PM #133934
gold_dredger_phd
ParticipantStop the spam!
Limited partnerships are BS. Do you set up limited partnerships?
Don’t invest in anything you cannot understand and don’t control. Many people have been ripped off by their partners in these things. F-that!
Assume no liability, assume there is no quick route to riches, and stop worshipping money.
-
January 10, 2008 at 5:49 PM #133945
gold_dredger_phd
ParticipantStop the spam!
Limited partnerships are BS. Do you set up limited partnerships?
Don’t invest in anything you cannot understand and don’t control. Many people have been ripped off by their partners in these things. F-that!
Assume no liability, assume there is no quick route to riches, and stop worshipping money.
-
January 10, 2008 at 5:49 PM #133998
gold_dredger_phd
ParticipantStop the spam!
Limited partnerships are BS. Do you set up limited partnerships?
Don’t invest in anything you cannot understand and don’t control. Many people have been ripped off by their partners in these things. F-that!
Assume no liability, assume there is no quick route to riches, and stop worshipping money.
-
January 10, 2008 at 5:49 PM #134036
gold_dredger_phd
ParticipantStop the spam!
Limited partnerships are BS. Do you set up limited partnerships?
Don’t invest in anything you cannot understand and don’t control. Many people have been ripped off by their partners in these things. F-that!
Assume no liability, assume there is no quick route to riches, and stop worshipping money.
-
January 10, 2008 at 9:19 PM #133897
CAwireman
ParticipantTimely question.
On a prior thread from 2007, I believe, someone suggested moving out of 401K into an IRA.
I did just that recently due to the opportunity of changing jobs. Had funds at a corp sponsored 401k (Fidelity) and moved them into a private IRA.
The IRA is protected at Fidelity (FDIC, SDLIC, acronyms correct?). There’s a type of protection they have above and beyond these but I can’t remember the term. But, I’ve always heard that Fidelity was a decent investment bank and some friends who I trust and who know a little about investing also have funds there and speak well of it.
This chance may not come up often. But it seems that there are far, far, more investment choices in an IRA than the handful usually offered at a company sponsored 401K. But,
you don’t have much in the way of borrowing options in an IRA; so make sure you know that first.So, B007, you might want to research Fidelity. The company seems to be in good shape and they can give you ideas on what funds to invest in.
But the advice given in one or two comments provided already “If you don’t understand it; don’t invest in it” is good. Definitely buy some books on investing and talk to someone knowledgeable (who doesn’t stand to gain one way or another from your decision).
Also, something else I like is the ability to go online and research and pick the funds you want directly, without trade fees I believe. So, if you learn enough about the business, you could be completely self directed.
But, keep in mind, Fidelity is a privately owned company. And it has had its ups and downs too. One article I read indicated that while 2007 was a pretty good year for Fidelity, 2006 wasn’t so much. Good luck!
HiggyBaby
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January 10, 2008 at 9:19 PM #134090
CAwireman
ParticipantTimely question.
On a prior thread from 2007, I believe, someone suggested moving out of 401K into an IRA.
I did just that recently due to the opportunity of changing jobs. Had funds at a corp sponsored 401k (Fidelity) and moved them into a private IRA.
The IRA is protected at Fidelity (FDIC, SDLIC, acronyms correct?). There’s a type of protection they have above and beyond these but I can’t remember the term. But, I’ve always heard that Fidelity was a decent investment bank and some friends who I trust and who know a little about investing also have funds there and speak well of it.
This chance may not come up often. But it seems that there are far, far, more investment choices in an IRA than the handful usually offered at a company sponsored 401K. But,
you don’t have much in the way of borrowing options in an IRA; so make sure you know that first.So, B007, you might want to research Fidelity. The company seems to be in good shape and they can give you ideas on what funds to invest in.
But the advice given in one or two comments provided already “If you don’t understand it; don’t invest in it” is good. Definitely buy some books on investing and talk to someone knowledgeable (who doesn’t stand to gain one way or another from your decision).
Also, something else I like is the ability to go online and research and pick the funds you want directly, without trade fees I believe. So, if you learn enough about the business, you could be completely self directed.
But, keep in mind, Fidelity is a privately owned company. And it has had its ups and downs too. One article I read indicated that while 2007 was a pretty good year for Fidelity, 2006 wasn’t so much. Good luck!
HiggyBaby
-
January 10, 2008 at 9:19 PM #134096
CAwireman
ParticipantTimely question.
On a prior thread from 2007, I believe, someone suggested moving out of 401K into an IRA.
I did just that recently due to the opportunity of changing jobs. Had funds at a corp sponsored 401k (Fidelity) and moved them into a private IRA.
The IRA is protected at Fidelity (FDIC, SDLIC, acronyms correct?). There’s a type of protection they have above and beyond these but I can’t remember the term. But, I’ve always heard that Fidelity was a decent investment bank and some friends who I trust and who know a little about investing also have funds there and speak well of it.
This chance may not come up often. But it seems that there are far, far, more investment choices in an IRA than the handful usually offered at a company sponsored 401K. But,
you don’t have much in the way of borrowing options in an IRA; so make sure you know that first.So, B007, you might want to research Fidelity. The company seems to be in good shape and they can give you ideas on what funds to invest in.
But the advice given in one or two comments provided already “If you don’t understand it; don’t invest in it” is good. Definitely buy some books on investing and talk to someone knowledgeable (who doesn’t stand to gain one way or another from your decision).
Also, something else I like is the ability to go online and research and pick the funds you want directly, without trade fees I believe. So, if you learn enough about the business, you could be completely self directed.
But, keep in mind, Fidelity is a privately owned company. And it has had its ups and downs too. One article I read indicated that while 2007 was a pretty good year for Fidelity, 2006 wasn’t so much. Good luck!
HiggyBaby
-
January 10, 2008 at 9:19 PM #134153
CAwireman
ParticipantTimely question.
On a prior thread from 2007, I believe, someone suggested moving out of 401K into an IRA.
I did just that recently due to the opportunity of changing jobs. Had funds at a corp sponsored 401k (Fidelity) and moved them into a private IRA.
The IRA is protected at Fidelity (FDIC, SDLIC, acronyms correct?). There’s a type of protection they have above and beyond these but I can’t remember the term. But, I’ve always heard that Fidelity was a decent investment bank and some friends who I trust and who know a little about investing also have funds there and speak well of it.
This chance may not come up often. But it seems that there are far, far, more investment choices in an IRA than the handful usually offered at a company sponsored 401K. But,
you don’t have much in the way of borrowing options in an IRA; so make sure you know that first.So, B007, you might want to research Fidelity. The company seems to be in good shape and they can give you ideas on what funds to invest in.
But the advice given in one or two comments provided already “If you don’t understand it; don’t invest in it” is good. Definitely buy some books on investing and talk to someone knowledgeable (who doesn’t stand to gain one way or another from your decision).
Also, something else I like is the ability to go online and research and pick the funds you want directly, without trade fees I believe. So, if you learn enough about the business, you could be completely self directed.
But, keep in mind, Fidelity is a privately owned company. And it has had its ups and downs too. One article I read indicated that while 2007 was a pretty good year for Fidelity, 2006 wasn’t so much. Good luck!
HiggyBaby
-
January 10, 2008 at 9:19 PM #134192
CAwireman
ParticipantTimely question.
On a prior thread from 2007, I believe, someone suggested moving out of 401K into an IRA.
I did just that recently due to the opportunity of changing jobs. Had funds at a corp sponsored 401k (Fidelity) and moved them into a private IRA.
The IRA is protected at Fidelity (FDIC, SDLIC, acronyms correct?). There’s a type of protection they have above and beyond these but I can’t remember the term. But, I’ve always heard that Fidelity was a decent investment bank and some friends who I trust and who know a little about investing also have funds there and speak well of it.
This chance may not come up often. But it seems that there are far, far, more investment choices in an IRA than the handful usually offered at a company sponsored 401K. But,
you don’t have much in the way of borrowing options in an IRA; so make sure you know that first.So, B007, you might want to research Fidelity. The company seems to be in good shape and they can give you ideas on what funds to invest in.
But the advice given in one or two comments provided already “If you don’t understand it; don’t invest in it” is good. Definitely buy some books on investing and talk to someone knowledgeable (who doesn’t stand to gain one way or another from your decision).
Also, something else I like is the ability to go online and research and pick the funds you want directly, without trade fees I believe. So, if you learn enough about the business, you could be completely self directed.
But, keep in mind, Fidelity is a privately owned company. And it has had its ups and downs too. One article I read indicated that while 2007 was a pretty good year for Fidelity, 2006 wasn’t so much. Good luck!
HiggyBaby
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