The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/ive-been-away-from-this-board-for-a-couple-weeks-29131105.aspx

Subject:  Re: Loaded Funds, IRA Date:  2/25/2011  1:12 PM
Author:  Goofyhoofy Number:  68551 of 75701

I've been away from this board for a couple weeks, and I have not read through this entire thread (yet), but let me agree TOTALLY with the first few I have read:

You are being screwed. These funds have extraordinarily high expenses, and don't have performance any better than Vanguard or other low-load funds besides.

Take the money away from Merrill, put it in a self-directed IRA, and then "self-direct" it. Depending on how much time you want to spend, buy individual stocks that you believe in, or at the very least, find a bunch of Vanguard no-load or low expense index funds and put the monies there. You can find a lot of very low cost ETF's, which act like a mutual fund for various sectors (technology, health, retail) etc. as well.

RUN, do not walk from this proposal. Horrible. Horrible squared. Cubed, maybe.
 

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us