Harriet,<<I became concerned about Fidelity's Magellan fund becoming too ungainly to manage, so I transferred 85% of my IRA holdings in that fund at NAV $94.50 to a temporary MM fund. (Approx $50,000) (NAV is now over $100...Oh, well!) I have never invested in individual stocks, but would like to do this in a self-directed IRA; however, I have no clue how to go about this.Could someone direct me to a good source of info, or explain to me how to start?Also, with the new capital gains law, does it still make sense to buy growth stocks within a tax-sheltered vehicle? If not, what should I buy??>>You say you're new to investing, and you're fairly new to Fooldom, too. That's great on both counts! You have wandered into a forum that believes you, as an individual, can do far better for yourself than most professional money managers. Provided, that is, you take some time to learn a few basic investment concepts and do some self-examination to see where you fit on the risk tolerance scale. Therefore, why not take some time now -- not later -- to be sure about what you want to do. Start first by reading The 13 Steps to Investing Foolishly, which you can access from the main, opening screen to The Motley Fool. They will suggest some important things you should consider. Then I suggest you toddle over to your local library, discount bookstore, or even here in the Fool Mart, and pick up some easily read, easily understood, inexpensive texts that will thoroughly explain how to invest in stocks using some simple systems that will take but an hour per year of your time (if you're slow) yet produce returns that put the majority of professional money managers to shame. I suggest and commend the following to you: "Beating the Dow" by O'Higgins; "The Dividend Investor" by Petty and Knowles; "The Motley Fool Investment Guide" by the Gardner brothers; "One Up on Wall Street" by Lynch; and "What Works on Wall Street" by O'Shaughnessey. All are well worth their low cost and the small investment in time it takes to read them. Get them and read them. You'll be glad you did.While you're doing all that, also take some time to explore the various nooks and crannies of Fooldom to see what others are doing and what they're discussing. In the process, you'll gain a wealth of knowledge and information that will serve to claify how you want to approach this very personal issue. Don't be afraid to ask a question anywhere in Fooldom. Folks around here are great about answering questions and clearing up misunderstandings.And as to whether you should invest in growth vehicles or fixed income vehicles in tax sheltered accounts - Set that worry aside for a bit. First and foremost learn some investment basics, and then worry about the tax impacts.Just one Fool's opinion FWIW.Regards.......Pixy
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