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Investing/Strategies / Retirement Investing
|Subject: Re: IRA Roth||Date: 2/3/2000 2:27 PM|
|Author: loneshark||Number: 18671 of 76621|
Check out http://www.fool.com/money/allaboutiras/allaboutiras.htm
> You mean you can set up a Roth and manage it yourself? Yes, indeed!
>What would the advantages be over an account managed by a pro? An account managed by a pro doesnt always have as much potential as can a self managed account. It really depends on how much risk you wish to take... Janus has some good funds as well as Vanguard... but you'll have to do some research...
> I guess just reduced fees and more of a risk for a novice trader? Yup... actually no fees for most discount brokers except what it costs to buy/sell.
> Also how many Roths can you set up per person? As far as i know, as many as you wish as long as you keep your TOTAL investments to ALL IRA's under $2,000 a year. So you can split up your $2,000 dollars however you wish... Say you decided to invest the minimum for a Vanguard Roth IRA ($1,000) and then you wanted to open another Roth IRA acct. with a discount broker and so you invest this $1,000 toward say IBM($500) and CSCO($500)...
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