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I'm 25 years old and about to open up my first Roth IRA (joy!). I just have a couple of questions.
1) I'm either going to invest in a stock or a mutual fund. I've narrowed the funds down to either the Vanguard 500 Index (VFINX) or Vanguard Growth and Income (VQNPX). Here's my question: If I invest in an index fund, Vanguard charges $10 per account/year until my balance is $10K; however, if I invest in VQNPX I will not get the charge. On the other side, the index fund's expense ratio is 0.18, and the VQPNX is 0.37. I'm obviously investing long term, so which fund would be the best in the long run?

2) If I choose a stock, can I choose SPY? I realize that SPY is traded like a stock, but if I buy SPY through an online broker, will I be charged for a stock trade or fund trade?

Thanks for your time, any info would be greatly appreciated.

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