trarmstrong
Confused about dryer sheets
Hello All,
Last year, I joined with Edward Jones and opened a Roth IRA account. I really didn't know what I was getting into, to say the least, as they have brick and mortar locations everywhere. Regardless, with $1000 up front and $100/month, I have been investing ever since.
Now, having read into mutual funds and further able to understand little details about IRA accounts, I have come under the conclusion that 1. Edward Jones is expensive (American Funds - while returns are good right now there is still a 5.75% upfront charge) and I find my financial advisor more annoying than helpful (commissioned? Sure acts like it).
I've read on many sites (this one included) that Vanguard beats Fidelity for a more "in control" approach and gets rid of the all-in-one financial advisor fit for more flexibility and less-costly rates.
Question 1: How difficult is it to invest within Vanguard as from a basic investment standpoint and a technical one (website, online vs. in-person, etc.)
Question 2: I know I am going to have to pay a $95 (see, more fees) transfer/closing fee to EJ, will I still have to make my annual $40 fee as well (its due in two months - Dec)
Thanks for all tips, answers, suggestions, snide remarks, and anything in-between.
Last year, I joined with Edward Jones and opened a Roth IRA account. I really didn't know what I was getting into, to say the least, as they have brick and mortar locations everywhere. Regardless, with $1000 up front and $100/month, I have been investing ever since.
Now, having read into mutual funds and further able to understand little details about IRA accounts, I have come under the conclusion that 1. Edward Jones is expensive (American Funds - while returns are good right now there is still a 5.75% upfront charge) and I find my financial advisor more annoying than helpful (commissioned? Sure acts like it).
I've read on many sites (this one included) that Vanguard beats Fidelity for a more "in control" approach and gets rid of the all-in-one financial advisor fit for more flexibility and less-costly rates.
Question 1: How difficult is it to invest within Vanguard as from a basic investment standpoint and a technical one (website, online vs. in-person, etc.)
Question 2: I know I am going to have to pay a $95 (see, more fees) transfer/closing fee to EJ, will I still have to make my annual $40 fee as well (its due in two months - Dec)
Thanks for all tips, answers, suggestions, snide remarks, and anything in-between.