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    Investing

    I have about $7k sitting in my Rollover IRA account and I figured its a good time to invest it into a fund.

    Any recommendations on Fidelity mutual funds?

    Fidelity Investments - Morningstar ratings

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    Can one really trust those ratings?

    I went by the ratings & landed in soup.....now I just have to wait for at least 3-4 years for appreciation.
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    Yeah, don't buy them. Stay away from mutual funds.

    I made a very nice return off of energy ETFs, but I wouldn't reccomend them now.

    Your in a Roth IRA, can you trade yourself? Is your money sitting in cash?

    I would advise a macro strategy.

    Look at blue chips (GE, BP, etc.) with high yielding dividends, over 10%. Long term think about companies that have taken substantial hits due to downturn in production, but are poised to make strong gains in the rebound. CAT is a good example, under $40 they are a solid buy, but expect to hold for 3-5 years.

    Also look at tech companies, you can buy them below their true value right now, again expect to hold. (cisco, Microsoft, IBM, applied materials, intel, CA, Oracle, SAP, etc. could be good opportunities)

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    Quote Originally Posted by nkira View Post
    Can one really trust those ratings?

    I went by the ratings & landed in soup.....now I just have to wait for at least 3-4 years for appreciation.
    why can't we trust Morningstar ratings?

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    Quote Originally Posted by Prince View Post
    why can't we trust Morningstar ratings?
    Buy all the GE stock you can. Keep it simple.
    "A child does not learn to squat from the top down -- in other words, he does not suddenly make a conscious decision one day to squat. Actually, he is squatting one day and makes the conscious decision to stand." - Gray Cook

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    We have some what similar websites too, for example Indian Stock Market >> Sensex >> Nifty >> Stock Prices >> Stock Recommendations >> Hot Stocks >> Stock Market Investing >> BSE >> NSE >> Derivatives >> Market Statistics >> Most Active Shares >> Penny Stocks India >> BSE index and securities informat I decided to go by the rating that they gave......& all went wrong...

    No offense......

    Could be my luck or timing......

    I prefer actually sitting in front of a fund advisor & then deciding....that too if I know him through a trusted source....
    QUIET IS MIGHT. SOLITUDE IS STRENGTH. INTROVERSION IS POWER.
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    Quote Originally Posted by Prince View Post
    why can't we trust Morningstar ratings?
    The point I was getting at is that in this market their are better opportunites than mutual funds.

    I would actually be ok with seeing someone put most of their IRA into GE.

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    prince, you know you're going to get as many opinions to this as you will "whats the best cycle", with as much fact as bullshit spouted off

    I say mutual funds, with long track records (over 10 years) of excellent performance, with your $7K spilt 25% into each of: growth, growth and income, aggressive growth, and international.

    pay for an advisor? sure. but you can DIY just the same. Fidelity sells their funds. Why not transfer the money to Etrade or Scottrade and use their tools to research every fund?
    however, you should be in a Roth, not traditional, so may need some help with that rollover (and you'll pay taxes as a consequence). best of luck

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    Quote Originally Posted by urbanski View Post
    however, you should be in a Roth, not traditional, so may need some help with that rollover (and you'll pay taxes as a consequence). best of luck
    I do have a Roth IRA, however you cannot roll a 401K directly into a Roth IRA, so I also have a Rollover IRA for this.

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    Quote Originally Posted by Prince View Post
    I do have a Roth IRA, however you cannot roll a 401K directly into a Roth IRA, so I also have a Rollover IRA for this.
    Yep, tax differences.
    You thought about energy stocks, oil?
    Seems like there is no stopping those.






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    Just spend the money, that way you won't have to worry about it anymore; this strategy has worked very well for me. You'll get to the point that you enjoy counting out coins to buy exactly one gallon of gas. It brings about humility.
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    Quote Originally Posted by dg806 View Post
    Yep, tax differences.
    You thought about energy stocks, oil?
    Seems like there is no stopping those.
    That would have been a real smart play about three months ago, and it still is if you take a buy and hold approach. But it's hard to know which energy companies to invest in, I work for one of the largest international independents and I still have a hard time with it, the outcomes are also mired in policy decisions and taxes which makes the game even more difficult to discern.

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    Right now Micro-Inverters are hot in the Solar Industry, one company that's really in demand is Enphase Energy.

    They just made a deal with Flextronics as their Global Manufacturing Services Partner because they couldn't handle the demand themselves, once units start shipping again in July-Aug. the numbers will climb.

    Also keep an eye on who is going to be the high demand Module maker that integrates the inverter into individual modules.....
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