Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next
Author: vickifool Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: Re: Tax managed accounts Date: 11/14/2006 10:45 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I am thinking of opening some mutual funds outside of tax sheltered ones. Gasp.

Good move!
You'd be amazed how many people think you can only save for retirement in tax-sheltered accounts. I don't let the government tell me how much I can save, and you shouldn't either.

Suggestion: Do NOT have dividends re-invested to make keeping track of things easier. If you keep the fund for 20 years, do you really want to track down 20 years of quarterly dividend payments to find out your basis? And do you want to have to worry about accounting for the last year differently because it's short-term capital gains from the three dividend payments?

If you meet the minimums, Vanguard is good. Anmd they have the STAR fund until you do meet the minimums.

Schwab tries to compete with Vanguard and has similar funds with slightly lower minimums to get the low-expense deal.
I don't know a lot about other brokerages.

Vickifool
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

My Big Fat Greek Splat
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement