rhecker wrote: (I know Waterhouse has something they call "Periodic Investing" where they let you add as little as $100 a month or a quarter and it is automatically adding to an existing mutual fund position (a mutual fund in which you already own some shares). They probably have a small fee associated with this plan.) This is what Waterhouse had to say when I questioned them about fees for monthly money transfers to my Roth IRA in which I would be purchasing shares in a mutual fund:"You will incur our $24 transaction fee every time funds from your moneytransfer initiates a new position in the mutual fund, however, if you decideto invest in a mutual fund that belongs to our No-Transaction-Fee program(NTF), you will incur no transaction fees. You can invest in over 1,100funds with no-transaction-fees from popular fund families such as: InvescoFunds, Stein Roe Mutual Funds, American Century, Scudder, Cohen & Steers,and Strong Funds.To see if the mutual fund you are interested in belongs in our NTF program,please E-mail us again with the complete name of the fund or contact ourFund Search Department at (800) 934-1292.If you have any additional questions or comments, please E-mail us again orcall our Electronic Brokerage Customer Service Department at (800) 555-3875.Thank you for choosing Waterhouse Securities."Can Anyone Clarify what they mean by "new position"?Also can someone tell me how to italicize text on this board?Thanks
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