UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: BookmFool Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76080  
Subject: Re: Any better place to put this IRA? Date: 3/21/2001 7:34 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
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
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Macro Economics

Ringing the NASDAQ Bell
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement