Roth IRA - How Time Flies
I was just reviewing my Roth IRA account. I started my Roth IRA in 2000 at the peak of the market. Since 2000, I've contributed the maximum to my account each year. I actively manage my Roth by mostly investing in individual stocks. The portfolio currently is made up of the following: Amgen, Biogen Idec, Genentech and the Fidelity Contra Fund. I've been able to generate an annual return of ~ 15.7%. I'll take it considering I had to endure the 2000 - 2003 bear market. What saved my butt was Genentech. I bought it right before the big Avastin news and now it's up ~ 400%. All you need is one stock to really take off (plus a little luck!) and it can produce wonders to your portfolio.
posted by Money Turtle @ 7:36 PM
3 comments
3 Comments:
I really like the ROTH IRA account because you don't have to worry about taxes.
Next year there will be Roth 401K. Hopefully, the company I work for will offer it.
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