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Howdy All,

I was pondering whether I should open an IRA or not. I just turned 20 a couple months ago, and I am a sophomore at Texas Tech University. I have been investing for almost 2 years, and I'm pretty new to everything except some common stock. I have just recently become involved in DRiPS. I am only able to invest roughly $200.00 a month. My Drips will take up about 100-150 of that 200. I also send some money to my online broker to avoid any inactivity fees and build up some purchasing power. Any opinions on if I should start an IRA? And if I do...would, could, should I have a index fund in there for the time being? Ive heard some stuff about the Vanguard 500 Index Fund. Also, could anyone please briefly what the deal is about April 15, 2001, and how it is a chance of a lifetime to open an IRA before that date? Is it the deadline to begin a 3000.00 max contribution period? One more thing...Datek is my online broker, and I was wondering if anyone had any thoughts on if I should open an IRA through them. Or should I go Vanguard or any other route? I am young, and I want to have something I will add to every month/year for a very long time. I really hope these questions arent a waste of any of yalls time. But for those who are willing to help a brother out....Thanks in advance!

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