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Q: Why do some many mutual fund co have initial investments of $1,000 or more for IRA's when you can only contribute $2,000 a year. some funds also require you to make a minimum purchase of $100 to buy more shares. that over %50 of your monthly contributions if you max out your IRA every year. that doesn't seem to be a good way to stay diversified. considering the Vanguard 500 index fund, which seems to be a great fund to have in your IRA, fits this critieria, I am a littel confused.
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