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if you opened a roth ira back in 2003 with $300 what do you think it should

Posted on 4/11/14 at 7:12 pm
Posted by lsaltee
poppin a tent, roastin marshmellows
Member since Sep 2007
3634 posts
Posted on 4/11/14 at 7:12 pm
be worth today?
No other contributions and not self directed
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 4/11/14 at 7:18 pm to
Which investments were used?
Posted by I Love Bama
Alabama
Member since Nov 2007
37715 posts
Posted on 4/11/14 at 7:22 pm to
$300
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 4/11/14 at 7:24 pm to
quote:

I Love Bama



Hijack: Are you the dude in your avatar?
Posted by notiger1997
Metairie
Member since May 2009
58139 posts
Posted on 4/11/14 at 7:28 pm to
$302.50

It depends on what your roth was invested in. Was it a money market like account. Bonds. One stock. Like a mutual fund. Aggressive small cap????
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120288 posts
Posted on 4/11/14 at 7:36 pm to
If it was in a conservative fund that roughly followed the S&P you would have like $600.
Posted by lsaltee
poppin a tent, roastin marshmellows
Member since Sep 2007
3634 posts
Posted on 4/11/14 at 7:38 pm to
I opened a roth back in college with my tax refund and completely forgot about it. (i may or may not have been drinking a lot then).

Anyway, Ive got a retirement fund through my old job I need to roll over into something because I dont work there anymore and I remembered my roth.

I called and found out the balance was $306
Posted by I Love Bama
Alabama
Member since Nov 2007
37715 posts
Posted on 4/11/14 at 7:39 pm to
quote:

I called and found out the balance was $306


stuntin is a habit
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 4/11/14 at 7:48 pm to
quote:

I called and found out the balance was $306


Damn, what did you invest in? HDDVD?
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 4/11/14 at 7:50 pm to
You really just did the cold shoulder like that. Ouch.
Posted by Lsut81
Member since Jun 2005
80155 posts
Posted on 4/11/14 at 7:54 pm to
quote:

I called and found out the balance was $306



What the frick did you invest in?

Either way, I'd imagine the quarterly fees are what ate up any gains. You were prob paying $15 a quarter to the fund managers.
Posted by lsaltee
poppin a tent, roastin marshmellows
Member since Sep 2007
3634 posts
Posted on 4/11/14 at 7:56 pm to
I was young and stupid back then and knew nothing about what to invest in. I actually did nothing and didn't know I could chose my investments.

Anyway I need to roll this roth and my other fund into something different. My roth is with Hr block and I want to move it elsewhere.
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 4/11/14 at 8:03 pm to
Sounds like you've wasted 11 years in a money market.

If you have 5-10 years... look into ETF symbols AOM or AOR and read about them from the iShares website.
Posted by lsaltee
poppin a tent, roastin marshmellows
Member since Sep 2007
3634 posts
Posted on 4/11/14 at 8:05 pm to
im pretty sure that is exactly what happened. needless to say I will be looking to move both accounts to something new and will be doing my research for a while. my work retirement money isnt able to be removed from the current position until next year.
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 4/11/14 at 8:15 pm to
Who is your broker?
Posted by lsaltee
poppin a tent, roastin marshmellows
Member since Sep 2007
3634 posts
Posted on 4/11/14 at 8:20 pm to
I have none
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 4/11/14 at 8:25 pm to
What company is your account with?
Posted by lsaltee
poppin a tent, roastin marshmellows
Member since Sep 2007
3634 posts
Posted on 4/11/14 at 8:30 pm to
The 300 is with hr block. The larger one is a profit sharing plan from my former employer through Merrill lynch
This post was edited on 4/11/14 at 8:34 pm
Posted by Cmlsu5618
Destin, FL
Member since Sep 2010
3763 posts
Posted on 4/11/14 at 8:45 pm to
Well get it to a broker where you can self direct the investments and purchase a diversified ETF or several of them. If you need advice there are fairly inexpensive options through Fidelity, Merrill Edge, etc...

Whatever the case.. just start contributing to that baby.
Posted by rintintin
Life is Life
Member since Nov 2008
16181 posts
Posted on 4/11/14 at 8:58 pm to
Simply sticking it in an S&P 500 index fund would've more than doubled your money. I can't imagine what you had it in to collect such a tiny return.
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