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Investing/Strategies / Retirement Investing
|Subject: Re: Roth IRA acct and safekeeping fees||Date: 10/4/2013 3:11 PM|
|Author: joelcorley||Number: 73422 of 77092|
You wrote, Argh! This is just making my head explode.
Why would anyone even consider a company that charges you a fee to reinvest dividends?
Perhaps you should look at the TD Ameritrade site yourself. TD Ameritrade does not charge anything to DRiP shares. See page 9 of the TD Ameritrade Account Handbook: https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA0...
I know how it works partly because I've used their (and other's) program.
Also, And what kind of ETFs does TD offer? Even if they don't charge anything for you to purchase, what are the management fees on the ETFs you might consider?
As I've said before, they offer 101 fee-free ETFs. They include issues from iShares and Vanguard, which are low-cost leaders. Don't believe? See their lists for yourself:
Finally, Frankly, if I had less than $3K to work with I would still choose a good mutual fund like Vanguard over a brokerage house and just park my money in a money market until I had enough to work with. Meanwhile, use the time for figuring out what's what.
This I might agree with, though Vanguard still has pesky account minimums and low balance maintenance fees - though I'd admit they are pretty reasonable. But then I gave similar advice in an earlier post myself.
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