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Greetings, Dmagill, and welcome. Haven't I seen that name here before? You say you're new, but I'd swear I've responded to something from year somewhere. Anyway, you asked:

<<hi dave' i'am new to the fool board and i have a few questions. my wife and i both ira's with a full service broker. can we transfer these to a discount broker and invest them in the rp? if yes than after we open our accounts with our transfer do we save up the 2000.00 a year and invest that at the beginning of the year or can we average it out during the year?>>

Certainly you may move your IRA to a discount broker of your choice. Just pick one, tell them what you want to do, and they'll help you through the steps and application process. If you already own securities, you may want to wait until the move is complete before cashing them in because it'll be cheaper to do so at the discounter. As to investing more, the "when" is up to you; however, we believe in Fooldom that your investment costs should never exceed 2% to 2.5% of your total portfolio. The RP is a Dow strategy variant, and all Dow strategies use a 12- or 18-month anniversary for trades. If you choose to use a quicker method, you'll incur more fees plus be running multiple portfolios. IMHO, you will be better served by just waiting until your anniversary date to use the cash you deposit during the year.

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