A few days ago I posted that I made a 21% after-tax profit from my investment/speculation account. I pay a lot of attention to that account, of course, and deliberately do not pay as much attention to my Roth IRA. I prefer a “buy-and-hold” approach in that account. Interestingly, that strategy paid off even better last year. My Roth IRA increased in value by over 26%! Wow.
Now, I just have to repeat that performance for a few years, and I’ll be the talk of Wall Street. Sure.
My Roth investments last year:
- April - 48 shares DODFX at $30.24. Now trading at $36.24. A 20% increase.
- April - 80 shares VGTSX at $12.60. Now trading at $14.84. A 17.78% increase.
- June - 100 shares PTIE at $5.27. Now trading at $8.51. A whopping 61.48% increase!
Please note my site disclaimer. I am not offering investment advice, I am not a licensed financial advisor. Please make your own investment choices based on thorough research, instead of listening to some internet dude like myself.
Technorati Tags: Stocks, Mutual Funds, Roth IRA
2 responses so far ↓
1 Will Kirby // Jan 25, 2006 at 12:25 pm
Considering last year was a flat market, those are AMAZING numbers! Congrats! Feel free to throw a few tips my way.
2 Fearless Money » Blog Archive Paid myself first - // Apr 24, 2006 at 8:22 am
[…] Now, I’m changing jobs May 1, so I have a bunch of financial moves to make. These are pretty interesting ones I think. Lots of options open up during a job change. I’m planning to open a new self-directed IRA for the 401K money from my current employer. I favor Roth IRAs for regular saving, but this is already tax-deferred and I’m going to leave it that way. I’ll invest it in a couple funds for this purpose. Unlike many, I do think individual investors can do very well hand-picking stocks (and I’ve done very well doing just that), but I like to buy and hold in my retirement accounts. Currently I plan to use UDPIX (Ultra DOW 30, leveraged for double-DOW returns … or losses) and DODFX (a stellar international fund) to grow this money. […]
Leave a Comment