UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next
Author: tooshytotell Old School Fool Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76079  
Subject: Re: IRA rollover to more than one account Date: 1/15/2005 4:57 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Thanks to everyone for your informative posts. IRAs are very confusing!

My purpose in opening accounts with different companies is:

One of my financial new year's resolutions is to take charge of my investments, after letting them float for too long. I am most comfortable with mutual funds, and have been subscribed to the MF Champion Funds newsletter for 6 months. I'm taking an IRA account placed with mutual fund company X (created from a prior 401K rollover from a prior employer) and wish to distribute the amount to 3 different mutual funds, all of which are with different mutual fund companies. I'm shooting for better asset allocation (another resolution!) and am following some Champion Fund recommendations. My assumption is that I am just as able to do this as a discount broker, since I'm not buying individual stocks.

So, I'm getting my feet wet. And hopefully am not getting up to my you-know-what in alligators...

Tooshytotell
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (9) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Berkshire Hathaway

IBM: Is Buffett Wrong, or Brilliant?
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement