You're lucky the fees were only 10 bucks a year. Brokerages like to charge exorbitant fees to small, idle accounts to get them off their books. I made the mistake of leaving 300 bucks in one and it was nearly wiped out a couple of years later.
I guess I don't understand how 80 bucks could turn into 992 a few months later, then drop down to 29 dollars the following year.
A "balanced" fund shifts money in and out of stocks to maintain a certain percentage (say 50 percent) in stocks and the remainder in bonds. These do OK in the long run because they actually can profit from market volatility.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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