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Investing/Strategies / Retirement Investing
|Subject: Re: DRIP in a Roth?||Date: 1/7/2002 4:46 PM|
|Author: lambent1||Number: 33147 of 76106|
Check out the fool board on Drip plans, and perhaps try re-posting this question there. I have found the people there to be excellent sources of information.
I'm relatively new to investing, but I believe (so don't quote me on it), that there may be some companies that offer fee-friendly drip plans with an IRA (it depends on the plan) if you wanted to not use a broker in the transaction at all. I believe it would depend on the individual company's own drip plan. Perhaps the drip plan board could help a bit more.
Also, a couple of "pseudo-drip" options are now available, such as sharebuilder.com and buyandhold.com. I'm not sure, but I recall that one or both of those offer an IRA option. The danger there would be twofold: (1) will they raise their fees again? (2) will you invest a sufficient amount such that the $4 per transaction or whatever they charge for their monthly fee will still be competitive?
hope this helps --
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