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Author: tmackfool Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79082  
Subject: Re: Roth IRA: recommendations? Date: 8/23/1999 9:27 PM
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My Roth is with Waterhouse, and I've had no problems. If, however, you are not comfortable with them then you should probably do some research. I picked Waterhouse because I like their web site and regional offices. They did not have a minimum to start an IRA, and there is no annual service fee.

Right now I only have a super mini-Rule Maker portfolio- just enough shares of Intel to get the commission down to about 2% when I bought it. I do, however, plan on using the Roth for high yield strategies like the Foolish Four. If the returns are tax-free, then the highest yielding strategies should go into the Roth - just my opinion. On taxable accounts I like my DRIPS because they are long-term buy and hold, so they will not generate significant taxes until I sell the shares in 10-20 years (if then!). The taxes on dividends will not be significant for a number of years. But the returns will probably not be as high as the Foolish Four. But the Foolish Four in a taxable account generates taxes every year (keep for a year and a day to get the long-term capital gains rate).

Just my opinion, but use the Roth for the Foolish Four and the taxable account for buy and hold strategies like Rule Maker type of stocks.

Hope this helps.

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