Re: Here is an interesting View of how IRA work !!!

Posted by MarkB_MI on January 05, 2015 at 17:39:02 from (70.194.2.125):

In Reply to: Here is an interesting View of how IRA work !!! posted by JD Seller on January 05, 2015 at 17:23:16:

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.

Replies:

• Re: Here is an interesting View of how IRA work !!! JD Seller 17:59:09 01/05/15 (1)
  • Re: Here is an interesting View of how IRA work !!! MarkB_MI 18:24:43 01/05/15 (0)

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