Diversifying the Roth
August 4th, 2006 by Grant in: Investing, RetirementI’ve come up against quite a dilemma. I’ve got more money to contribute to my Roth IRA retirement account, but have no idea which securities to buy with the money.
The problem is that I’m overloaded in the oil and gas sector, but right now, that’s really the only attractive sector out there until the rest of the market (driven by the direction of the economy) decides which way to turn.
My requirements for securities in my Roth are:
- A yield substantially higher than current bank rates
- Stable securities with a consistent dividend payout
- Securities must not be tied with the oil and gas sector
Some qualities I’d like to see are:
- Dividend paid out monthly
- Yield above 8%
- Potential of moderate appreciation growth
Naturally, I can’t be too picky, as time is money, but I’d like to invest in securities that I don’t have to watch, and don’t have to worry about reading about every business transaction.
I’d like to stay away from mutual funds, and would rather look more towards ETF’s that are inherently diversified in and of themselves.
Any suggestions would be greatly appreciated, and I’ll definitely check out The Dividend Guy and frugal at My1stMillion to see what they recommend, but please chime in with your suggestions if you’ve got ‘em!
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August 4th, 2006 at 5:59 pm
What companies do you have in your Roth right now? I don’t think the oil sector is a bad place to be, and while I agree with your concern that you might be overweight, ask yourself, if I don’t invest in the oil and gas sector, what else is there? Keno
August 10th, 2006 at 12:14 pm
[…] In my quest to diversify my Roth IRA, I ran across a few contenders. Not one of them fits all my requirements for my search, but sometimes you’ve got to give a little in order to take a little. […]