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http://boards.fool.com/on-tue-08-apr-97-230547-0600-jeremy-wrote-10003871.aspx
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| Subject: Re: IRA or no? | Date: 5/10/1997 11:06 PM | |
| Author: Lowell | Number: 36 of 84849 | |
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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. Lowell |
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