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Two years ago, I quit my job and moved to another state, and was out of a job for about three months. I rolled my 401k into an IRA at Edward Jones. It was worth about $5,500, and I split it evenly between two stocks: Oracle (ORCL) and Wal-Mart (WMT). As of the beginning of this week, I had about $23,000. Nervous about my vulnerability with all that money in just two stocks, I sold all my holdings in both companies, and Foolishly (or "foolishly", depending on your view) reinvested the whole thing in the current Foolish Four (after much research into the whole concept of the Foolish Four). Now, I have a new job. My new company has a 401k. I am contributing the maximum. Because I have not made any contributions to the IRA, I could roll it into my employers 401k. However, I would rather pursue the Foolish Four strategy. My question is this: If I can only afford to contribute to one account, should I put my money in the IRA (contributions would be limited to $2000, but I could pursue the Foolish Four) or in the 401k (contributions, including employer match, at my current salary are $5,932/year) where my mutual fund choices are poor (only one index fund, equity ratio .6%) and I can't invest in individual equities? Is there perhaps a way to split my extra money between the two? Any suggestions would be greatly appreciated. I am 30 years old, married with one child, my wife doesn't work.
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