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Author: joelxwil Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 17905  
Subject: Re: Advice on IRA Date: 11/15/2012 11:46 AM
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Well, first of all, doubling your money in 30 years is just about 3% per year, and that is not at all spectacular. I cannot say the same about the other claims.

I do not believe in letting someone else manage your money. In particular, you need to time the market. Just being out of the market during the bad times is going to make a huge difference. The problem with mutual funds is that the fund managers do not like you to time the market. They would rather have their cut of your declining balance than nothing at all, so they will tell you that market timing is impossible (and I have actually been told it is immoral). But look at the Mechanical Investing Board for info on market timing.

At any rate, I would recommend a regular brokerage account for your IRA. Then, if you want mutual funds, buy ETFs. They can be traded frequently.

BTW, assuming re-investment of distributions (not always directly possible) over the last 10 years, IWM is up 128%, and QQQ is up 150% without any timing at all.
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