Ask Dr. LJ: Stocks.

[prog]

I have some money lying around in several separate retirement accounts, from my variously salaried past. Because I work for myself now, and expect to continue doing so for the foreseeable future, I'd like to consolidate these various into one IRA basket.

Right now, my IRA has a couple of CDs in it. I think they've earned maybe $1,000 total over the last six years. Whoopie ding-dong. I don't see them doing much better than that, no matter the weather.

One of my accounts is made entirely of an index fund, and like everyone else's, it's been tanking lately. So I am thinking: let's see if I can't roll that into an IRA, and then reassign all the other retirement money I have into it too. Because, hey, cheap stocks, woo! The market will recover eventually, right?

Is this dumb?

Comments

[dictator555.livejournal.com]

I'm making fun of my concentration, or rather one of them. Organizational Behavior (OB) was the much-mocked, touchy-feely management concentration, as opposed to finance or operations management. The other concentrations thought we sat around in giant group hugs singing Kumbaya. In reality, OB is way more interesting than finance and it's useful, too. But it didn't really serve to educate me as well about IRAs.