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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

198.0. "Roll Over Ideas?" by DENVER::TILLISON () Sat May 16 1992 22:25

    Hi, I just started at Digital and I am about to receive a distribution
    from a before tax stock savings account from my prior company.  I am
    not allowed to roll it into Digital's 401K and I'm not real happy about
    the credit union's 4.5% IRA.  Any ideas?  I'm 38, so this will will be
    a long term.  
    
    Mike T.
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198.1Mutual FundRT95::HUSun May 17 1992 14:1014
    
    For Roll Over IRA, I believe that any mutual fund company will love
    to have your money as long as you roll over within 60 days periods.
    
    Fund like, Vanguard, Fidelty, 20 Century, etc have good long term
    track record.
    
    For invest another 20 yrs by your age, I would suggest you go for
    growth fund or similar feature one. 
    
    Check early note in this conference, you will find out lots of
    information for different funds or fund family.
    
    Michael..
198.2VMSDEV::HAMMONDCharlie Hammond -- ZKO3-04/S23 -- dtn 381-2684Fri May 29 1992 13:3018
> Roll Over IRA, I believe that any mutual fund company will love 
> to have your money as long as you roll over within 60 days periods.

      Or put it into an IRA with Charles Schwab or any of the many other
      brokers who offer this service.  This results in more  flexibility
      (wider choices of funds, plus individual stocks, bonds, CDs, etc.)
      than you have with most individual mutual fund companies (although
      Fidelity Brokerage comes real close!)  at  the  possible  cost  of
      increased  transaction  fees.  (You can often trade among funds of
      one company with no sales charges; brokers who trade mutual  funds
      charge a transaction fee.)

      As with all such decisions, take some time to assemble and compare
      information about the various alternatives.  The number I have for
      Charles  Schwab  is (800) 435-4000.  You may also want to consider
      Fidelity and Jack White. I don't have their numbers handy, but you
      can  probably  find  them  somewhere  in this conference and/or in
      advertisements in various financial newspapers/magazines.
198.3ThanksDENVER::TILLISONThu Jun 04 1992 18:563
    Thanks for your help!
    
    mct