IRA

I opened a ROTH IRA recently. Since I opened it before April 15, 2003, that means I was able to make a contribution for 2002. Now I need to determine what I'll buy with the cash in my account. My original plan was to plow all of my contribution into Vanguard's S&P 500 Index Fund (Symbol: VFINX ), but with Apple's (Symbol: AAPL ) stock so low, I've been think about picking up some shares. The stock seems undervalued, given that today's closing price was $13.12. According to this article , Apple's cash and short term investments alone add up to around $12.50 cash per share!