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Say that I buy ExxonMobil and salesforce.com stocks today and max out my 2013 IRA contributions. I see that they have appreciated after 2 years. At that time, can I sell them and move them into a more conservative mutual fund within the same IRA account without any penalties?
Looks like it, although salesforce.com would make me nervous, but that's just me. I'd consider adding Bank Of America to that list if you can, but again, that's just me. Good luck!
Thank you. Everyone seems to really like Bank of America. I really haven't done much research on them, so I guess I'll get right on it.
And regarding salesforce.com, I do see that of the stocks I mentioned, maybe it's riskier. Being a user myself and seeing where CRM (not the stock but customer-relationship-management itself) is going, it seems like the stock has what it takes to be in it to win it.
I noticed a couple of these funds are from "the dogs of the dow" list which might be a strategy you follow.
I'm actually not familiar with it, but my strategy is really twofold: Mr. Buffet's old adage of "know what the company does" and what companies have shown strong historical performance. Again, salesforce.com is the one "renegade" here.
Thank you. Everyone seems to really like Bank of America. I really haven't done much research on them, so I guess I'll get right on it.
And regarding salesforce.com, I do see that of the stocks I mentioned, maybe it's riskier. Being a user myself and seeing where CRM (not the stock but customer-relationship-management itself) is going, it seems like the stock has what it takes to be in it to win it.
Looks like it, although salesforce.com would make me nervous, but that's just me. I'd consider adding Bank Of America to that list if you can, but again, that's just me. Good luck!
I really think B of A is going to be a good stock to own this year.
-Cheers.
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