Etrade roth IRA?

I am looking for a no-load no transaction fee mutual fund on e-trade to get my Roth IRA started for a moderate investor.

Problem is that i've got about $1000 to get started and most I am seeing want about a $2500 initial investment. I really don't want to open up another account outside of etrade right now.

I've got a 2030 Rrmt 401K from TRowe and I was hoping to find a similar MF investment for $1000 to start. Any good ones out there to get started. (Not interested in index funds please)

With only $1000, I too would buy ETFs. You can buy ETFs on just about anything now (the Dow. S & P, energy, financial, utilities, you name it). You can even buy ETFs that are the same as shorting an index, where if the Dow or S & P go down, your ETF will go up, which is great if it's for a Roth IRA (since you can't short in an IRA, buying the ETF gets you the same performance). And the best part is, you don't have to pay a money manager of a mutual fund a percentage of your account each year (reads as expense ratio) to underperform the market.

Before you make a decision I would highly recommend that you seriously consider the Oakmark Funds. I've invested with Oakmark for years (For the most part I buy individual stocks but I have about 25% of my retirement funds invested with Oakmark in their global fund (OAKGX). It's one of the best performing funds in its class but unfortunately the fund is closed to new investors unless you go directly through the fund itself. However, you can get the same managers working for you by investing in Oakmark's new global select fund (OAKWX)....you'll get exposure to both U.S. and international equity markets, a low annual mang't fee of 1% or less, no load fund and a $1k minimum initial investment....Unfortunately I don't think its no trans. fee but in my opinion that's a non issue when consdering the quality of money managers you'll have working for you. Be aware that the fund is fairly concentrated with only about 20 holdings which means the fund may be more volatile than other similar funds but in my opinion the money managers at Oakmark have such a strong track record of outperformance that I would view the relatively high concentration as a plus and not a negative. Good luck.

With $1000. You can use an ETF which is very similar to an index Mutual fund. The ticker (SPY) tracks the S&P 500. And would be very much like a Vanguard S&P 500 Index fund or Janus fund.

Take a look at that.. At least for the short term..

You can also go to WWW.Morningstar.com to see what funds they have listed that will accept $1000.00 as the initial investment.

Just to make it clear - since I got dinged once :).. I am not affiliated with any of these sites that I might suggest.. I am just trying to help out here as much as I can!