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Re: Roth IRA
Old 10-25-2005, 04:20 PM   #21
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Re: Roth IRA

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Originally Posted by justin
Lifestrategy and target retirement set of funds at Vanguard are great for avoiding the $10 index fee, and getting superlow expense ratios.
I'm in one of the targeted retirement funds, and I believe it is also subject to the $10 maintenance fee for accounts under $5k.
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Re: Roth IRA
Old 10-25-2005, 04:38 PM   #22
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Re: Roth IRA

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Originally Posted by SLC Tortfeasor
I'm in one of the targeted retirement funds, and I believe it is also subject to the $10 maintenance fee for accounts under $5k.
To clarify, Vanguard may charge two fees to IRA account holders. One is the IRA maintenance fee for accounts with balances less than $5k, the other $10 fee is ONLY for index funds with balances less than $10k. Your target retirement fund will have a fee of $10 if the balance is less than $5k. The index fund fee will not apply to your target retirement fund, since it is not an index fund. The target retirement funds are funds of funds (most or all of which are index funds, and all have low ER's). In my opinion, if you're starting with $10-20k or less in Vanguard and adding more over time, it may make the most sense to buy a Lifestrategy fund or target retirement fund. It is a cheap way to get diversification and also avoid six or seven $10 index fund fees for balances less than $10k.

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Re: Roth IRA
Old 10-25-2005, 08:33 PM   #23
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Re: Roth IRA

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Originally Posted by JPatrick
I'd also look at Fidelity which is my favorite of the fund companies.* Why? Greater selection by far, in many cases the minimums are lower.* Fees are quite competitive as is performance in many funds.* I admit I am perhaps the only believer (on this board) in Fidelity.
Nope - I'm a Fidelity Fan too.* Have had an IRA and a* mutual fund account with them for about 15 years.* Started my individual stock account there about 2 yrs. ago.* Just moved my Roth there last month.* My reasons:

1.* Good solid funds -* FLPSX and FCNTX have been the basis of my portfolio for years. (before I could even say "my portfolio" with a straight face).

2.* Low stock trade fees.* Once you get to "Silver" level, they are $10.95 per trade.

3.* Easy to use website with all the info about all your accounts at your fingertips.

4.* Really helpful telephone customer service 24/7.

5.* They've been around a long time, aren't going to disappear or merge anytime soon, and my Dad recommends them.
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Re: Roth IRA
Old 10-25-2005, 09:41 PM   #24
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Re: Roth IRA

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Nope - I'm a Fidelity Fan too.*
Eggscellent Sheryl!* I could tell from your previous posts that you were very intelligent
Low Priced was one of my key holdings until last year when Joel put a couple of his trainees out on their own.* Thinking LP was getting a bit plump I went with the new FCPGX.* So far so good.* I still hold Contra, but for the past two years my largest traditional fund has been FLVCX.* Needless to say that has been sweet mainly thanks to oil.* I also work with the selects a lot.
Haven't tried the broker services yet as I've gotten addicted to Scottrade and keep hoping they will one day get it right.*
Glad there are two of us here.
So do you also drink Corona?* 8)
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Re: Roth IRA
Old 10-25-2005, 10:41 PM   #25
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Re: Roth IRA

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Eggscellent Sheryl!* I could tell from your previous posts that you were very intelligent
It's obvious to all, isn't it?* *:

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Originally Posted by JPatrick
So do you also drink Corona?* 8)
Indeed.* At least when I'm on vacation on a sunny beach.* Right now, with the colder weather, my beverage of choice is Black Butte Porter.* mmm.

I like the looks of the FLVCX - thanks for pointing it out.* *You were probably wise to move out of LP when you did - my weak spot is never knowing when to let go -* I still have a boatload of Magellan that I got in the early 90's I think.* It is not going anywhere fast now, but I can't stand to take the capital gain so I'll probably leave it there forever.* *I just keep buying new stuff without selling the old.*

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