The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/san001-date-43099-243-pm-number-10254-with-an-10822012.aspx

Subject:  Re: Roth IRA Strategies Date:  4/30/1999  3:26 PM
Author:  WilliamLipp Number:  10255 of 76392

san001 Date: 4/30/99 2:43 PM Number: 10254
With an initial deposit of 2K, would this be enough to effectively apply towards the Foolish 4 Strategy?

This is a very frequent question, so a little time with the search button or the FAQ - both towards the bottom of this page - will bring up lots of information.

Basically, you're on the edge. If you have it in a discount broker that charges $10, it will cost you 2% of your money to get in. Some of us think that's too much, and you should buy S&P Depository Receipts (see the Harry Jones Portfolio) until you put in next year's contribution, unless you have $2000 someplace else that you could treat as a logical extension of this, splitting the F4 between the accounts. (I'm in that category). Others make the point that it's only $20 we are worried about, and it's only for the first year, so go for it and get started. But we all agree that it's your money, and you get to decide.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us