Thursday, January 05, 2006

2006 Roth IRA

My first financial task for the New Year was just completed. I contributed to my Roth IRA and completed the purchases today. I divided the contribution into two mutual funds. I purchased the Fidelity Japan Smaller Companies Fund (FJSCX) and more of the Fidelity Contra Fund (FCNTX). The Japan Smaller Companies fund is definitely high risk, but I believe we are in the early stages of the Japanese recovery. And what more can I say about the Fidelity Contra Fund? It's just a great all around fund! Task #1 is completed, now onto to task #2, which is to raise cash for the condo downpayment.


At January 06, 2006, Blogger ProsperCouple said...

Hope you're right about the Japan market (Nikkei wiped US markets in it's returns for 2005). Best of luck in 2006!

At January 06, 2006, Blogger Money Turtle said...

Thanks! I'm always a bit tentative about jumping into stocks or mutual funds that were hot the prior year. The Japanese market / economy appears to have the momentum to sustain its upward move. We'll see...


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