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.
posted by Money Turtle @ 5:03 PM
2 comments
2 Comments:
Hope you're right about the Japan market (Nikkei wiped US markets in it's returns for 2005). Best of luck in 2006!
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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