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Pastimes : John Dessauer's Investors World
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To: Diogeron who wrote (1748)10/21/1998 8:04:00 PM
From: VivB   of 2346
 
Diogeron, your point about having a stock in an IRA is one I can relate to --
<I've learned a lot as well. For one thing, I sat on my ass when Singer tanked and continued (continue) to hold it long after all rational evidence pointed to selling. I thought because it was in my IRA, time would validate a poor decision. Well, time will tell....a lot of time, probably.>
I made the very stupid mistake of opening an IRA account with a specific mutual fund (yes, one of the Guiness Flight funds) and then watched it go up before taking a nose dive. I kept thinking, "this is a long term investment...." I will never again put an IRA into a mutual fund unless it is within a "regular" brokerage account so it is easier to trade without closing the IRA account itself.

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