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I am almost 30, and I am trying to start a foolish retirement plan. About a year and a half ago, I got a new job and rolled over my 401K into an IRA. It was roughly $13K. Now it is around $9K. It is invested in a unit investment trust called Van Kampen's Dow Strategic 5 (which includes companies such as AT&T). I am getting queasy over the loss (as it is my only retirement fund so far, excluding the new 401K that I just started after being at my current company for a year).

I am wondering what a unit investment trust is and if it is wise to move the $9K into individual stocks or Vanguard 500. I know it will be an initial loss. Or should I stick with Van Kampen and ride out the down cycle?

I realize I am a novice but I am trying to become educated. I just confused because there is so much conflicting financial advice, and this is not my area of expertise.
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