No. of Recommendations: 7
>> In an IRA it is very important to be keep the fees down.
If you invest monthly in one no load mutual fund at Scottrade, you are going to be paying $204 a year for nothing. That is per mutual fund! If you were to diversify between several funds (which you should do) and only bought once a year per fund, the fee's also get big. Making only one buy in each of five mutual funds, you would pay an extra $85 to Scottrade. Don't let them blind you with "No maintenance fee". They make lots of money on the transaction itself. Buying mutual funds through Scottrade just doesn't make sense.
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Some of this may be fine and good, but for full disclosure you should mention that you have a rather well-chronicled personal vendetta against Scottrade.

#29
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