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>> Therefore, you're probably better off keeping that money in a good no-load index fund like Vanguard's until you achieve enough cash to start trading at the 2% to 2.5% level of costs. <<

Hmm, in January '99 I can drop in another $2K and start there. I might also consider the 2 stock approach someone else mentions. Part of the problem is I established the IRAs at Schwab, which has $30-$35 commisions as well as IRA fees, before finding out about brokers such as Waterhouse ($12). I've already moved a portion of my portfolio (my Fooling Around Money) to Waterhouse; is it difficult to move an IRA?

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