Friday, August 05, 2005

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.


At August 09, 2005, Blogger Sean said...

I really like the ROTH IRA account because you don't have to worry about taxes.

At August 09, 2005, Blogger Money Turtle said...

Next year there will be Roth 401K. Hopefully, the company I work for will offer it.

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