Hi, I opened a ROTH IRA in 1998 with Vanguard. I have contributed the max of $2000 for 98, 99 and 00. I did not contribute in 2001 as I watched my investment of $6,000 over 32 years be reduced to $3,302.46 I invested in Vanguard US Growth thinking I was young and can afford a fund composed of growth stocks. The market took a tumble and I haven't gained one penny since I opened it in 98. The point of the ROTH is to be able to contribute after tax dollars to a government funded tax shelter where it will grow tax free for many years. Question: Should I have settled for a more conservative gain and invested in an index fund that covers many areas besides stocks? Question: I have the option to still put in my 2k or 3k for 2001 and also reduce my taxable income saving me another $600 in gains on my return. Should I throw another 3k into the growth fund thinking it's better to fund the losers and hope the market returns a gain over the LONG haul. Am I still in good shape because I never sold my shares and even though I lost money I will gain that much more if it goes up?Should I switch my ROTH to another fund?I am 26 and looking for modest growth over the long haul, I have no intention on using the money. LOST. P8NT
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M