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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: matvest who wrote (13688)11/26/2000 9:15:14 AM
From: OldAIMGuy  Read Replies (2) of 18928
 
Hi Larry, What funds are you using in your IRA and Roth?

I'm using Am. Century's Ultra Fund (TWCUX) and have since Jan. of 1990 as the principal holding for large caps and have their newer fund called New Opportunities (TWNOX) as a small cap/aggressive growth addition for about a year.

It wasn't that I thought I could do better with mutual funds in my IRA, but that with diversification, I probably wouldn't do worse! The lack of losses being anything but losses in a retirement account told me that maybe broad diversification was a good idea.

Year over year, there's only been one year where the account showed a "loss" and that was 1994 for -1.1%. It's consistency is what I really like there. (NASDAQ was up 4.4% that year)

Other than the learning about mutual fund behavior, it's been a successful venture in a good market. It took time to understand mutual fund's personalities. BTW, everyone should be alert to the fact that many mutual funds are planning some really large Distributions this year. This doesn't matter for Retirement accounts, but could be a bit of a shocker in taxable accounts. One of my funds reported they plan on a 25% Distribution this year!

Best regards, Tom
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