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Author: dpisegna Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75772  
Subject: IRA's Date: 3/27/2001 12:48 PM
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I heard through the grapevine that if you are not going to invest the whole $2,000 a year then you should not even bother. If this is true, then where should I think about investing the money? Maybe increase the amount of my monthly investment into my mutual fund?
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Author: rjm1 Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 28670 of 75772
Subject: Re: IRA's Date: 3/27/2001 12:51 PM
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I heard through the grapevine that if you are not going to invest the whole $2,000 a year
then you should not even bother. If this is true, then where should I think about investing
the money? Maybe increase the amount of my monthly investment into my mutual fund?


Get a new grape vine.
Invest what you can.
The fees charged by the custodian and minimun investment may influence what you do at the start but get started.

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Author: RiverCityFool Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 28683 of 75772
Subject: Re: IRA's Date: 3/27/2001 5:39 PM
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Well, if you've only got $20 to invest, then I'd stash this in a money market account til it grows a little bigger. But a lot of IRA accounts have $500 or even lower initial minimum investment -- I'd start now. And you could switch your regular monthly investments to the IRA until you hit $2000.



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Author: Mark0Young Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 28695 of 75772
Subject: Re: IRA's Date: 3/28/2001 1:10 AM
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I heard through the grapevine that if you are not going to invest the whole $2,000 a year then you should not even bother.

Did the same grapevine say that if you cannot run a 10-mile marathon that you shouldn't even learn to crawl?

Seriously, as long as custodial fees don't consume all of the projected earnings, it makes sense to start as early as one can and keep on investing prudently when one can. If that means, say, $250 at a low-entry mutual fund family, so be it! That would be $250 closer to retirement. If that $250 can grow an annualied 10%/yr for 40 years (assuming no custodial fees or custodial fees paid from outside of the Roth IRA), that $250 would be worth $11,315 at the end of the 40 years. If one invests $250/yr for 40 years, that total would grow to $110,648 at the end of the 40th year.

I don't know your financial situation or your age, but I would certainly bother over the $110,648! 8)

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