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I am new to Fooldom.

I have an IRA loaded with mutual funds. For some reason I was under the impression I couldn't hold stocks in an IRA.

Am I wrong? I hope so.

Any help would be greatly appreciated.
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Greetings, Rbell58, and welcome. You asked:

<<I am new to Fooldom.

I have an IRA loaded with mutual funds. For some reason I was under the impression I couldn't hold stocks in an IRA.

Am I wrong? I hope so.>>


Yes, you are wrong. Any broker will allow you to have a what's called a self-directed IRA within which you may buy and sell individual securities like stocks and bonds. To learn more about IRAs, see our IRA area at http://www.fool.com/Money/AllAboutIRAs/AllAboutIRAs.htm.

Regards..Pixy
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TMFPixy already correctly answered your query..
but I wanted to add, your account doesn't have to be a self directed IRA... I took a rollover 401K, put it in online w/Fidelity brokerage IRA, and pay $25 per trade to buy stocks with sales from old mutual accounts.
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