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Subject:  Loaded Funds, IRA Date:  2/19/2011  10:38 PM
Author:  HELJinCT Number:  68490 of 80007

Hello all.

Turning to you once again. I work for investment companies, but I am a technology expert, not an investor. For years I had my 401k on cruise control. Essentially it was in a 401k account that had Fidelity mutual funds within, and I simply spread out my allocation across the 12 or so funds they offers. At 36, I was mostly equity, split between various strategies, with some fixed income as well.

Now, as I am with a new employer with a new 401k account started up, I am rolling my 401k into an IRA with Merrill Lynch. The check has already been cut from my former 401k account and is en route to the new Merrill account. The financial advisor came via recommendation of other co-workers who use him (also not investment experts, but technology experts like myself).

So my new ML advisor sent me a package today of his proposal for my investment plan. So I began skimming through, and I am as green as it gets on this stuff, but my warning lights are going off.

He has me split out between about 8 different funds,