Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Where to Invest a Roth IRA
Old 09-08-2004, 05:30 AM   #1
Dryer sheet wannabe
Join Date: Aug 2004
Posts: 13
Where to Invest a Roth IRA

My taxanble and IRA accounts are currently with Schwab Institutional, Fidelity and Ameritrade. I am going to open Roth accounts for wife and I and thought I should consider another custodian and perhaps have some other research available as well as less restrictive policies with mutual funds and low cost. Ameritrade is not restrictive other than charging $17.00 to buy or sell any mutual fund. Perhaps they would be the best place but research not particlarly good.

chickbull is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Where to Invest a Roth IRA
Old 09-08-2004, 11:52 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Where to Invest a Roth IRA

I didnt enjoy my ameritrade experience. Their electronic reporting of trades and transactions (to quicken) was frequently incorrect and buggy. I reported these problems to them over an 18 month period. The tech folks there promised and promised to resolve them. They never did.

When I left and took all my money away, they did offer me lots of free trades.

However they twice ignored my demand to delete my acccount, I suppose to inflate their "# of customer" figures. Both times when I called they assured me nobody could ever gain access to an account there. Sorry, but not only am I quite familiar with both how and how frequently such things happen, I'm a big believer in doing what your customer asks you to do, not what you want to do. After my third call they finally made it go away.

When I called the SEC to let them know about the reporting flaws, Ameritrade's response to them (with an inch of paper behind it displaying all of my transactions with them, which I didnt authorize them to release and which were not pertinent to the topic) was that nowhere do they claim that their electronic reporting is accurate, and that their customers are advised to keep their own records. Swell.

I'm sure thats a lot easier than just acknowledging you have some problems and fixing them. :
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Traditional IRA to Roth Conversion Question Dog FIRE and Money 5 03-10-2007 09:53 PM
?? for uber-savers, non-deductible IRA to Roth IRA in 2010 LOL! FIRE and Money 8 12-21-2006 12:25 AM
Roth IRA & Timber Rights/Tree Farm terminator FIRE and Money 6 07-16-2006 03:09 PM
Roth 403b AND Roth IRA? macdaddy FIRE and Money 3 07-05-2006 06:25 PM
Not eligible for Roth IRA - conversion? Lusitan FIRE and Money 9 02-23-2006 10:00 AM

» Quick Links

All times are GMT -6. The time now is 10:54 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.