In regard to your first question, you asked about the number of IRA accounts you can have. Well, I guess you can have as many of those as you like, but the sum of all your IRA contributions cannot exceed the maximum allowable contribution for the year. For example, if you had two IRA's in 2001, you could contribute $500 to one and $1500 to the other: not to exceed the $2000 limit on most people for the year 2001. (Incidentally, the IRS allows brokers to tally their commissions into that total as well. Another good reason to keep an eye on their commission schedule!) If you decide to go to another broker with a fund, you can still keep your current IRA, keeping that max in mind. But if you decide not to keep that IRA, please remember that Sharebuilder charges 15 bucks to sell a single position. Not to mention the penalties involved with early withdrawal. I don't know if a roll-over is an option as I know very little about them. Maybe someone else can help here?As far as ETF's go, they're so young that I think a lot of the analysts out there are taking a wait-and-see approach to them as far as long-term investing goes. Personally, I agree with your thoughts. As a relatively new investor, I like to use them as a diversification tool. I feel like I've got my hands full learning all I can about investing: I've chosen ETF's to cover the areas in my portfolio that I'm not yet ready to study indepth, like small caps & foreign markets.I love the Blue Chips this year. Even though many are considered overvalued right now, I don't really care about that. (I'm not planning to sell them out of my IRA next week!) It's just a big sale and I love shopping for bargains!As far as Enron-itis goes, I guess I don't really have it. Personally, I'm glad it happened now, early in my investing career. "Someone, please open the curtain so we can see the great Oz!"