Everyone, I recently moved my IRA money stashed at my bank into a Scottrade account and would like to invest it in an NTF no load fund that tracks the S&P 500, do you have any suggestions. I'm specifically looking for help from Scottrade people, since after the first of the Newy Year it appears a lot of my otpions in the NTF category went away, that includes the Vanguard family of funds which had been what was drawing me to Scottrade to begin with. I'd like to minimize any fees and expenses associated with this. Any other fund type suggestion is also appreciated.
I haven't looked at the new NTF list from Scottrade but I would be inclined to go into the Vanguard 500 (or Total Stock Market) fund even with the new purchase fee. You might look at the funds on the NTF list to see if there are any funds with low expenses that might compare with a Vanguard fund.Bob
I recently moved my IRA money stashed at my bank into a Scottrade account and would like to invest it in an NTF no load fund that tracks the S&P 500, do you have any suggestionsWhy not buy SPDR?Not so cool for dripping in money, but it'll work for a bulk investment for a single trade fee.Heck, in my VG acct, I bought the ETF, EEM, instead of thier Emerg'g Mkt fund. It worked out cheaper than the funds front/back loads.
There's a Dreyfus S&P 500 index fund with reasonable expenses that is still NTF at Scottrade -- not as low as Vanguard's, but pretty low. If you have at least $10,000 for it you can get into a Dreyfus index with a 0.20% expense (VFINX is 0.18% last I checked). For less than $10,000 the Dreyfus index fund has a 0.25% expense ratio.Look at how much money you'd be moving and determine how long it would take before the slightly lower expenses of the Vanguard fund would save you the $17 you pay to trade it. The shorter that payback time is, of course, the better the option of eating the transaction fee and sticking with VFINX would look. #29
Why stay at Scottrade?db
Fidelity Spartan 500 Index is excellent. I don't use Scottrade so I don't know if thats NTF there.I'm pretty new to TMF but it seems that suggesting a Fidelity fund is blasphemous based on some of the posts I've seen but VFINX and FSMKX are practically identical. I wouldn't bother with the Dreyfuss fund, the expense ratio is high. The .25% ziggy mentioned is just the management fee, there's also a .25% 12b-1 fee on top of that. Not to mention that despite tracking the same index PEOPX lags VFINX and FSMKX in performance.
I would buy the ETF VTI (total US stock market) with 0.15% e/r for $7.Why stick to the SP500 when you can get the rest of the market included (30% of the total) practically automatically in 1 trade? Cheers, Ben
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |