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Author: JeanDavid Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76882  
Subject: Re: self-directed sep ira Date: 10/12/1997 9:23 PM
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<I recently transferred my sep assets from a mutual fund to a self-directed account with First Trust. Having taken this first step, I am not sure about the best approach for the next step, i.e. investing the money. The total value is in the neighborhood of $ 45-50,000 and represents two years worth of contributions. I am interested in the IFG screen but with 40 trades per year with a commission of $55 per 100 share trade, I suspect that I would be better off with an approach that involved much less turnover,>

You might be better off with a broker with less commissions. Ameritrade now has (Internet) commissions of $8.00/trade irrespective of the price or number of shares. $55/100 shares is just awful. You would need to look at full-price brokers to pay more.
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