Hello, everyone. This is your friendly neighborhood investing columnist, and today I’m writing about a subject that will make some of you say, “Duh! Everyone knows that.”
Trust me, not everyone knows this, and there’s no shame in that. If you read the next sentence and say “duh,” go read some food blogs; we’re trying to do some learning here.
Okay, here goes: Your IRA or Roth IRA isn’t an investment; it’s a type of account that contains investments.
I’m pointing this out because I often get questions like, “My IRA has been losing money. Should I close it and open another one?”