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CC1981

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BTW, for anyone who trades actively, TSRA is a good buy @ around $20. They were trading at around the $40-$50 range till a few months back when a patent lawsuit saw them go down. The courts have ruled in their favor and they are expected to go back up to at least what they were at a few months back. Disclaimer : Although, I have put in some money in the stock don't come crying to me if it bombs.

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yeah the ones by Fidelity... confusing options for my IRA :hmmmm2:
I have vanguard target funds for IRA. It consists of no load low cost index funds. Last time I checked, Fidelity had some actively managed funds in their Freedom series. I absolutely hate actively managed funds. Academic research shows that over the long run, they have not beaten Index funds.
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can f1 students invest? and if yes, how do they go about doing it? thanks :-]
Yes F1 students can invest. I opened my IRA when I was on F1. Just go to any brokerage firm (scottrade, charles schwab, TDAmeritrade etc) if you want to trade stocks. If you want to open IRA and cannot afford Vanguard/Fidelity for their $3000 initial investment, go with T.Rowe Price. You can open IRA with $100 at T.Rowe Price (last time I checked). I am assuming you have SSN number and for IRA you have earned income for IRA limits ($5000 for 2008)
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Yes F1 students can invest. I opened my IRA when I was on F1. Just go to any brokerage firm (scottrade, charles schwab, TDAmeritrade etc) if you want to trade stocks. If you want to open IRA and cannot afford Vanguard/Fidelity for their $3000 initial investment, go with T.Rowe Price. You can open IRA with $100 at T.Rowe Price (last time I checked). I am assuming you have SSN number and for IRA you have earned income for IRA limits ($5000 for 2008)
yes i do have SSN. thanks a lot for your info. :hatsoff: whats an IRA tho? [warning stocks/investor noob]
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yes i do have SSN. thanks a lot for your info. :hatsoff: whats an IRA tho? [warning stocks/investor noob]
IRA stands for Individual Retirement Account. There are two types of IRA 1) Traditional - You put before tax dollars 2) Roth - You put after tax dollars I know being a student right now, retirement is probably last thing on your mind. But there are certain advantages of Roth type of IRA. *Any time you can withdraw your principal amount (not the gains) without any penalty for early withdrawl. *After 5 years of your Roth account you can withdraw upto $10000 in earnings for first home purchase or higher qualified education without penalty and without tax *After age 591/2, you can withdraw money from this account. You can withdraw as much as you want and there is no tax on gains. So say if you invest $5000 now and at 591/2 they have grown to $20000, you don't pay any tax on $15000 gain ($20000 -$5000). Read more at wikipedia http://en.wikipedia.org/wiki/Roth_IRA
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