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magical thyme

(14,881 posts)

7. some mutual funds never recovered

Reply to cbdo2007 (Reply #4)

Wed Feb 13, 2013, 03:54 PM

Feb 2013

I had a sad call a few weeks ago by a father who had given his (working) daughter $1K to start an IRA 10 years or so ago. It's stuck at $500. Insufficient to move into another fund without putting more money at risk (to meet the minimum to open a new fund).

He was asking for instructions to close his and her individual IRAs. On the other hand, my sympathy was limited. He's a doctor and had millions or so in another investment division.

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Highlight:

CNN - Stocks are headed for a correction [View all] cbdo2007 Feb 2013 OP

Expecting a correction right here ! masmdu Feb 2013 #1

When can we expect the trickle down? sadbear Feb 2013 #2

Anything to move my retirement fund into the positive.......eom a kennedy Feb 2013 #3

Uh.....your retirement fund is currently in the negative??? cbdo2007 Feb 2013 #4

some mutual funds never recovered magical thyme Feb 2013 #7

Mutual Fund minimums for IRA accounts are usually MUCH lower than $1000.00 A HERETIC I AM Feb 2013 #10

Well, my retirement fund was so devastated in 2008, that for 5 years the fund is in a a kennedy Feb 2013 #9

About time commodities like gold and oil came back to reality tjwash Feb 2013 #5

So far so good...Called it half an hour early. masmdu Feb 2013 #6

I predict that after the correction the market will linger at its new level for a while magical thyme Feb 2013 #8