Quote:
Originally Posted by gekkoplus
Can you please explain why only one fund? I have a 401K account with Fidelity and there I get to choose atleast 8-10 funds to invest my money in..
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Because unlike your 401k plan, there is a minimum investment required in the funds for the IRA. $3,000 is a typical minimum investment. So if you wanted to invest in 10 funds, you'd have to put in $30,000.
Also -- just because you can invest in 8-10 funds doesn't mean you should. You may think you're diversifying your portfolio, but you're probably not. Many funds' holdings overlap.
By the way, if you use the Quote button next to someone's post it is much easier for you to use and for us to read.