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From: agk@ihuxq.UUCP (Andy Kegel)
Newsgroups: net.invest
Subject: Re: IRA INVESTMENT DIRECTION QUESTION
Message-ID: <714@ihuxq.UUCP>
Date: Tue, 28-Feb-84 09:34:55 EST
Article-I.D.: ihuxq.714
Posted: Tue Feb 28 09:34:55 1984
Date-Received: Wed, 29-Feb-84 12:01:18 EST
References: <695@eisx.UUCP>
Organization: AT&T Bell Labs, Naperville, IL
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The "best direction" to set with an IRA is DIVERSIFICATION.  If anyone tells
you anything else, just get up and leave.  But diversification takes a couple
of years to actually implement, so don't expect to solve your problem in one
year -- build a habit.

As an example (not necessarily good), my wife and I have put our early IRA
money into the Oppenheimer group of funds.  They range from very aggressive
(risky) to conservative (safe government paper).  The Fidelity group of
funds is also good;  other netters are welcome to suggest their favorites.
The point of the group of funds is that you get reduced investment fees based
on your total investment in the fund group.  For 1984, we are branching out --
we now have some IRA money in a real estate group that has a good track
record.  Next year will start to make things a bit more complex, but I expect
that we will start "doubling up" -- adding new IRA money to existing funds.

To summarize, we have IRA money in five different investment areas (although
most of it is in mutuals).  DIVERSIFY for safety.

	-andy ("not burned yet") kegel