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Subject:  Re: IRA or no? Date:  5/10/1997  11:06 PM
Author:  Lowell Number:  36 of 88090

On Tue, 08 Apr 97 23:05:47 -0600, jeremy wrote:
<<I am 21 years old and interested in investing. I plan to follow the Foolish Four or some variation of it. I only have about $500 of beginning capital. Should I put this into an IRA (which most brokers do not have a minimum deposit) or into a standard fund? I believe I am eligible for the $2000 tax deduction. My (soon to be) wife does have a 401k plan where she works, but we will not make over $35,000 this year together. My last question concerns brokers. Are there any that will accept a $500 initial

deposit? ETrade appears to accept a minimum of $1000, which I may be able to scrape together. Any information would be appreciated.

Perhaps you might consider investing in the "Dow Dandies" as the ten dividend-paying stocks in the DJI with the lowest yield beat the Dow Dogs seven of the last ten years. I think careful analysis will eventually show that the "Dogs of the Dow" work when you back fit the data.


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