roth ira

[Guest chasbo]

My roth ira investment isn't doing so well. What are the plusses and negatives of my next roth investment going to a different mutual fund or for that matter a different brokerage house? It doesn't make sense to put my next investment into the same lousy mutual fund. What are my alternatives?

[Archimage]

You can invest your Roth IRA contributions among different mutual funds, brokerage houses, etc. However, you are still limited to the maximum contribution of $3,000 for 2002. That is a total amount which means you cannot add $3,000 per account.

[Appleby]

also, if your financial advisor makes any stock recommendations, you may want to consider investing in those

[John G]

Market conditions for the past two years have been very difficult. In the past 70 years or so, we have had back to back bad years about 4 times. Good years outnumber bad years by 3:1 to 6:1 and the best years are huge relative to the worse years. Don't get too worried about day to day snapshots, think long term because ":time" is an investors friend.

Multiple accounts plus: may be more diversified if the first fund is a narrowly cast portfolio like a sector fund

Negatives: may lead to more fees, more the track, more paperwork, and if you get a general fund in two locations you have a lot of overlap of holdings not more diversification.

Learn more about your investments and be patient. This is not sitcom where everything happens in 30 minutes.