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Open Roth IRA account and buying mutual funds? |
I am thinking about opening roth IRA account with fidelity or TDameritrade. Fidelity offers alot of no transaction fee mutual funds. But not all funds are no transaction funds. Fidelity charges $75 transaction fee for these funds. Other side TD ameritrade charges $49 for all mutual funds. Which way should I go? You have lots of options. You can open Roth with any online broker or individual fund groups like Fidelity. Stay away from places like Fidelity because typically you can only invest in their funds and it is highly unlikely they will have the best funds to invest in given there are over 15000 mutual funds in operation. Check out trading platform that offers a variety of investment options at places like Schwab, TDAmeritrade, Scottrade, etc. Look at individual plans and things like minimum $ to get started and minimums to add. Look for no load mutual funds & no account fees. They are out there. Do your homework! There are many lower fee or no-fee options available to you - especially to new account holders. Keep shopping. For example, ETrade offers 100 free trades, zero fees for no-load funds, etc. Go only for the no load funds do not pay for loaded funds. There is no reason to pay fees. When the funds go up or down the fund has no idea if you paid a fee or not. You can buy sooooo many "no-transaction-fee" funds...why would you even consider paying for something similar with just a different name? |
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| Forex Foreign Investment Financial Investment Fidelity Investment Fidelity Fund Exchange Traded Funds Equity Investment E-gold |
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