I currently have shares of under armour, but I want to diversify the ira into different types of investments... Any suggestions.
2006-12-26 11:20:01 · 7 answers · asked by Sarah G 1 in Business & Finance ➔ Investing
You need to put that money to work in your IRA... you're only earning money market rates on that money. I'd put it into a five-star mutual fund that invested internationally... check out the Yahoo screener for specific ideas.
2006-12-26 16:00:32 · answer #1 · answered by Mike S 7 · 0⤊ 0⤋
If it is with your company IRA account it may be someplace where you can invest it by making elections. You'd get a form in your quarterly statement and be able to make changes. You can sometimes do it online too. You may invest it , change where it is if it's a Roth IRA or not through your work by rolling it over into another company, make sure there are no penalties and make sure to do this within the period that is allowed by law or you'll pay large taxes on it. Ask the place it is invested with now if you can invest it differently. Some companies let you make changes free so many times a yr. Others don't care how many times. You need to ask them and then decide what to do if you can do it. Good luck.
2006-12-26 11:27:58 · answer #2 · answered by MISS-MARY 6 · 0⤊ 0⤋
If you are looking for investment ideas, I think you should first see what the best investors are buying and selling and why. You can find this information at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2006-12-26 12:34:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
with such a small amount transaction costs would eat you alive. i'd look into a broad based index fund or ETF that invests in the S&P 500. You may also want to look at adding a broad based bond fund or ETF. Check out Vanguard. I think they have an all in one fund. You may be subject to a minimum deposit though.
2006-12-26 11:54:37 · answer #4 · answered by myersei 3 · 1⤊ 0⤋
Two ways to go. If you're young, you can invest most of it in equities, since you can wait out any downturns in the stock market.
If you're past 50, you'll have to be more balanced with conservative investments.
You might search on "balanced portfolios."
2006-12-26 11:27:47 · answer #5 · answered by jackbutler5555 5 · 0⤊ 0⤋
Put it into a cd or treasury bond. Rule of thumb: until you have 3 months income saved, play safe.
2006-12-26 11:51:07 · answer #6 · answered by Joe Cool 6 · 0⤊ 1⤋
buy exxon stock with it,people will always need petroleom.
2006-12-26 11:33:10 · answer #7 · answered by Anonymous · 1⤊ 0⤋