Roth IRA

[jimmyengland]

I recently set up a roth IRA for myself. contributing to 2007 and 2008 (5000 total). I put the money in a fidelity target fund 2045.

I am now looking into setting up one for my wife. Rather than also putting this money into a target fund i was looking at doing some experimenting by myself. After looking at fees / ROR's over 1, 3, 5 and 10 yr peirods. I am considering opening her an account investing in two mutual funds intially with a $5000 investment (2007 - 4000 and 2008 - 1000. The two funds are both with fidelity FDFFX and FICDX.

We are both 26 and not looking to retire till 60+. Do you think this would be to risky? Any advice on other funds at fidelity I should be putting this in?

Thanks for your help

[jIM_Ohio]

What are names of the funds? I'd prefer to not look up the ticker symbols.

[jimmyengland]

fidelity independence fund and fidelity canada fund

[jIM_Ohio]

wow, those funds don't sound too mainstream. I wouldn't specialize like that until I had much more invested (5k is not when I would look to specialty funds).

[maat55]

I like that FICDX. Also, look at AWPCX and WASCX and PRLAX