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.

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.

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