Slow And Steady Investments Win The Race

Thursday, March 1, 2001

u t u F  u o V l o b g n i n n Pla Slow And Steady Investments Win The Race (NAPS)—When it comes to investing in an Individual Retiement Account (IRA), even small, steady contibutions can build a bette etiement. Consideing how tax-defeed investments can gow ove time, even those who do not find it easy to come up with the $2,000 annual contibution ae likely to put an IRA among thei top pioities. Simply put, time and taxdefeed compounding ae two poweful investing patnes. Accoding to Pete Been, CEO of BuyandHOLp, Inc., the paent company of online bokeage fim BuyandHOoLpD Secuities Copoation, “Investing just $166.66 a month equals $2,000 a yea. If that is too much, then invest less. Any contibution you can affod is bette than not investing at all. Think of it this way: fo a little moe than $5 a day, you can invest $2,000 in you IRA evey yea and tun tax-advantaged savings into a nice etiement nest egg.” A spokespeson fo the fim said that the company equies no minimum account balance and investos can puchase stock in dolla amounts with as little as $20. The companyoffes a wide vaiety of educational esouces fo novice and expeienced investos alike, and all can link a BuyandHOLD account to thei TAX ADVANTAGED SAV- INGS—When it comesto IRAs, time and tax-defeed compounding ae two poweful investment patnes. bank account and set up an auto- mated investment pogam to put IRA investments on autopilot. Reseach showsthat people who calculate how much money they needto etie comfotably ae moe likely to establish and stick to a egula etiement savings plan than those who don’t. The secuities fim offes 16 diffeent etiement calculatos to help investos get stated and figue out how much they need to save each month. Also, thei Web site is easy to use. That means even those who conside themselves technology novices should be able to navigate. Moe infomation is available by visiting www.buyandhold.com.

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