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Author: FoolishWarthog Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76406  
Subject: 401k Rollover broker Date: 12/27/2001 4:30 PM
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I'm about to switch employers, so I'll have to opportunity to roll my 401k and ESOP in to an IRA. It's only about $5000.00 and I'll probably only put about 3-4k in to an S&P 500 Index fund or ETF and pick some specific stocks with the rest.

I'm looking at sitting on this money for probably 20+ years (unless I get REALLY lucky with some of my stock picks). So I'm leaning towards an ETF (SPY or IVV) since the fees are smaller and it will be a one-time investment. My income is above the deducatable IRA level, so all my 'monthly' contributions go to a Roth IRA. Thus I won't be adding to my position (except for reinvested dividends). I'm leaning towards IVV because it has the lowest fees (I've seen). However, it has less of a track record than SPY and less trading volume. Trading volume doesn't matter to me over the long term, so I'm left with the track record. Does anyone see why I should invest in SPY vs. IVV?

Along those lines, I'm looking at ScottTrade as the best all around broker for my needs. Since I'll be purchasing some stocks and possibly some mutual funds or ETFs. Any suggestions/recommendations there?

Thanks,

-Warthog



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