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I recently have contributed a rather small $500 into a ROTH IRA. I have been working for a fool-service broker for just about 1 year. During this time I have also been reading David and Tom's Foolish library of books. Currently half-way through with completing their most recent book about Rule Makers/Rule Breakers.

My broker/employer though that I should invest in a mutual fund with Alliance. Their Premium Groth fund, ticker APGBX. The stock ran up about 10% last month and has recently dropped back down near its purchased value. Looking at its 3 year return of around 130% I plan on sticking with this mutual for now.

I plan to add another $500 to this Mutual, and am contemplating how I should spend the remaining $1000 contribution. I am considering Microsoft as their stock price has been down the last few weeks. Would I be better served by sticking the remaining $1500 in the mutual or choosing another stock that has greater potential for long term growth?

I am a beggining investor ( a mere child, only 21 years old ) looking to possibly make a career and join the ranks of the fools, but bring a Foolish twist. I would appreciate any help I could receive.
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