Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: jfglensk One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120780  
Subject: Re: Custodial Accounts Date: 11/8/1999 9:21 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
i don't think our new Foolish comrade has gained any value from the last two comments. Im no expert, (weasle worded disclaimer) but I'd say if you have 5 or more years to hold, that stocks are definitely the way to go. Im looking for the same answers myself, with a 2 and a 4 year old. I've been weighing off the benefits of using a Roth IRA vs. Education IRA vs. custodial account vs. las vegas. The problem Im having with education iras is that i want to choose my own individual stocks, so i'd like a dirt cheap commission structure (like $7 or so) for stock purchases. The problem is that the deeply discounted online brokers like Ameritrade and Scottrade dont offer Ed IRAs. Etrade does, but at 14.95 a trade, even if you make one purchase a year for your 500. limit in the the Ed IRA per year, you've already paid almost 3% in commissions. Another option is the Roth IRA, here's a link that talks about the benefits of that avenue http://www.irs.gov/prod/hot/not97-604.html
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
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:
Berkshire Hathaway

The American Energy Revolution
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