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Author: EliW One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Plain old investing can be an IRA?? Date: 3/19/1998 11:33 AM
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Elsewhere on the boards, I saw that someone had put their money with an on-line trader and was using it to follow the UG5 scheme, or one of the others. Yet they had designated this "fund" as an IRA!

Can you *do* that? I thought IRAs were strictly mutual funds and 401Ks and things where you have to let someone else decide what your money buys!

To be fair, I'm not about to rush out and do that with ALL my money I'm investing...I might need some of it during the next 30 years. :-) Nonetheless, it sounds useful...

Can you even make such an account a Roth IRA?
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