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Author: Rayvt Big gold star, 5000 posts Top Favorite Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75402  
Subject: Re: Roth IRA acct and safekeeping fees Date: 10/1/2013 11:44 PM
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Don't take this as an insult, but when you said "I was thinking I might be able to take advantage of the market reactions to our govt shutdown"[*] and "I'd like to enter as a good point."[**] it was evidence that you have no idea about how the market works. Nothing wrong with that--everybody starts out knowing nothing. But what it means is that you are likely to make mistakes due to ignorance and it'll cost you a bunch of money. Right now, you don't know what it is that you don't know -- and that's the worst place to be.

The very best thing you could do is put your money into some sort of Whole Market mutual fund while you further your education. Problem is, most minimums are $3000. The only Vanguard funds I see with $1000 minimum are balanced funds. Personally I'd go for VTTSX since it's a 90/10 fund. When you've learned enough to figure out why VTTSX isn't where you want to be, you'll know better places to put it.

Don't open an account with a broker. Your account is too small and the commissions will eat you alive.

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[*] "Nobody ever got hit by a bus they saw coming." If everybody and his brother knew about this shutdown, the market has already taken it into account. Do you think that *anybody* wasn't aware of it?

[**] Everybody wants to get a good price. Just like everybody wants to date the Homecoming Queen. It can't be done, and only naive people think it can be done. Doesn't matter anyway, in the long run. Do you think that 40 years from now it will make any difference if you saved $1 and paid 24.39 instead of 25.39 for VTTSX? At that point, VTTSX will be somewhere around 700.
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