ETFs and Roth IRA

[KiloJKilo]

So, after opening my self directed Roth IRA and doing some research into ETFs and index funds, I've developed a few questions. First, almost all- if not all, index funds and ETFs I've looked at are at or just below the 52-week high. This creates some confusion as just when I'm supposed to buy.

For example: PowerShares Dynamic Small Cap Growth Portfolio (PWT) is at $16.46 at close 1/6. It's 52WH is $16.61. It seems like every ETF I look at is at the top of the mountain on the chart. It would seem logical for me to wait until it drops down lower to say around $11 to $13 range in order to gain more. Would this seem appropriate?

This leads to my next question if I should wait until it's dropped a few bucks: Let's say I buy x amount of PWT in June at $12 and by December, it is back up to $16. Inside my Roth IRA, am I supposed to sell this to earn something?

Thanks for any thoughts on this

Kevin

[queenieroberts]

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