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Hi,
Please help. I am twenty-five years old and have a ROTH IRA invested in mutual funds. How "WISE" I am! My domestic stock fund boasts of 16.93% average annual return since inception 10/71. But of course, year to date it is down 14%. I have almost $2,000 in my account so far and faithfully contribute to it ecery month in the amount of 166.66.
Can I start a foolish four portfolio with this small amount? Please help me. I know this is short term fluctuation, but I know I could be doing better on my own. But do I haveenough to get started!
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Can I start a foolish four portfolio with this small amount? Please help me. I know this is short term fluctuation, but I know I could be doing better on my own. But do I haveenough to get started!

I reply:

Try accumulating your money in an S&P Index fund until you have about $4,000. Then you can move the $4,000 into FF picks. Continue accumulating the S&P Index fund until you have your next $2,000, which should be about the time you are ready to adjust your original FF holdings. Rebalance every 12 months and you should be in good shape.

Phil
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Thank you so much. All I was looking for is a good solid starting point. A place where I can put the 13 steps to use. This means a lot to me. Thanks and I will take your advice to heart!

FOOLISHLY BUILDINH MY FINANCIAL FUTURE ONE INVESTMENT AT A TIME!!!!
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