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Author: budgee1 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75339  
Subject: Any better place to put this IRA? Date: 3/20/2001 11:25 PM
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I have 104K in a mutual fund with USAA...I am interested in getting it to grow and am just learning and reading The Motley Fool Workbook!I would like some ideas?I am 54 years of age and need this to increase somewhat aggressively for retirement.

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Author: BookmFool Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 28542 of 75339
Subject: Re: Any better place to put this IRA? Date: 3/21/2001 7:34 AM
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Hi budgee1:
I have 104K in a mutual fund with USAA...

A few questions; is this the extent of your investments, or is this a portion of your entire portfolio? What type of mutual fund is this money in (ie: what asset class, what benchmark, or index, is it compared with)?

I am interested in getting it to grow and am just learning and reading The Motley Fool Workbook!I would like some ideas

Well, there are ideas all throughout this site and the workbook as well. More questions; is this a taxable account? Are you planning on leaving this account with USAA, or to move it elsewhere with another custodian? Do you want to stay with mutual funds, or move to stocks, or a combination of both? Alot needs to be determined before you move your money out of your current investment.

I am 54 years of age and need this to increase somewhat aggressively for retirement.

Moving to more aggressive investments means an increased likelihood that you may lose money over a period of time. Will you be able to handle market swings similar to what the NASDAQ is experiencing right now? I'm only estimating, but at 1850 or so, it's a far cry from its high of 5300 or so of last year. Moving to more aggressive investments not only means the possibility of greater returns, but also the chance you could lose more as well. At what age are you planning to retire?

Supply us with some of these answers and we'll try to be helpful. In the mean time, you may want to check the Fool's School for some of the strategies frequently discussed here on the Fool, see:

http://www.fool.com/school.htm?REF=PRMPIN

HTH

BmF

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Author: jrr7 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 28548 of 75339
Subject: Re: Any better place to put this IRA? Date: 3/21/2001 9:07 AM
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I am 54 years of age and need this to increase

Sorry, no matter what we do, your age will still only increase by 1 year every 12 months -- no way to increase it any faster!

;-)

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Author: drippinfool Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 28564 of 75339
Subject: Re: Any better place to put this IRA? Date: 3/21/2001 8:00 PM
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jrr7 said "Sorry, no matter what we do, your age will still only increase by 1 year every 12 months -- no way to increase it any faster!

;-) "

I'm thinking that agressive investments at 54 (unless you don't plan to retire until you're 74) may make those years slip by much faster.
-Chester :)

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Author: 1smithdb Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 28583 of 75339
Subject: Re: Any better place to put this IRA? Date: 3/22/2001 7:20 PM
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<<I have 104K in a mutual fund with USAA...I am interested in getting it to grow and am just learning and reading The Motley Fool Workbook!I would like some
ideas?I am 54 years of age and need this to increase somewhat aggressively for retirement.>>

I'm in a similar situation, sort of. I'm thinking about opening an IRA through USAA, and would like to see it grow to 104K. I also am very interested in an aggressive investment strategy. However, I'm only 20. In your opinion, does USAA offer a good variety of aggressive mutual funds? Should I trust USAA with my IRA, or go to another company with more choices for IRA investments? Any other advice for me?

Thanks a lot for any replies

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Author: jrr7 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 28596 of 75339
Subject: Re: Any better place to put this IRA? Date: 3/23/2001 11:39 AM
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The danger of an "aggressive" strategy is this:

18 months ago, the best "aggressive" strategy seemed to be in Internet stocks. But too many people wound up in this situation:

"You have deposited $2000. Your investment is now bankrupt. Thank you for playing. Would you like to play again? If so please insert $2000."

Are you willing to face that scenario? The chance that you just picked a dud investment that will never come back, and you have to start from scratch? The knowledge that being in a bank account would have been a better move?

Being aggressive means you swing for the fences on every pitch. Not surprisingly, you strike out much more often and have a lower average.

If you're going to be aggressive, it becomes even more critical to do research and maximize the chances of success--and know when to pass something by. Do you trust a mutual fund to do that?

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