No. of Recommendations: 0
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?
Print the post  


The Retire Early Home Page
Discussion on accelerating retirement day.
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 Glassdoor #1 Company to Work For 2015! 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.