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Author: Goofyhoofy Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76074  
Subject: Re: Loaded Funds, IRA Date: 2/25/2011 1:12 PM
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I've been away from this board for a couple weeks, and I have not read through this entire thread (yet), but let me agree TOTALLY with the first few I have read:

You are being screwed. These funds have extraordinarily high expenses, and don't have performance any better than Vanguard or other low-load funds besides.

Take the money away from Merrill, put it in a self-directed IRA, and then "self-direct" it. Depending on how much time you want to spend, buy individual stocks that you believe in, or at the very least, find a bunch of Vanguard no-load or low expense index funds and put the monies there. You can find a lot of very low cost ETF's, which act like a mutual fund for various sectors (technology, health, retail) etc. as well.

RUN, do not walk from this proposal. Horrible. Horrible squared. Cubed, maybe.
 
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