Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 exptools 1/6/84; site ihuxq.UUCP Path: utzoo!watmath!clyde!burl!ulysses!mhuxl!ihnp4!ihuxq!agk 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 Lines: 19 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