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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!

Suggest you look or consider following mutual funds. They have stellar track records and managers who are considered tops in their profession.....worth consideration as investments. I believe all are no load mutual funds.

Marsico 21st Century///symbol MXXIX
Cambiar Opportunity///symbol CAMOX
Excelsior Value&Restructuring///symbol UMBIX
FBR Small Cap///symbol FBRVX
SSGA International///symbol SSAIX
Westore Plus Bond///symbol WTIBX

If you have a ton of money to invest, above will give you great diversification. If you are just starting out with less than a $1000, look at UMBIX as a start.

Morningstar.com great source of learning and info on all things investing. Check it out. Good luck!

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?
I don't know why you would...but why don't you do your study and research...know exactly what you want...see if they are on the "ntf" list , then make your decision...but remember ,you may want to trade out of these funds and into something else later...are you going to go through the same process every time?
I don't think so...soooo go with the ""ntf" funds and just stay in those...( there's got to be hundreds to choose from, right?)

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