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Author: diat Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Scottrade vs. Ameritrade - Newbie Date: 3/29/2004 11:29 PM
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Hello,

I am a 26 year old grad student and I want to start a Roth IRA. I will contribute $1000 before April 15 for 2003, and make $3000 investment for 2004 (over the course of the year). I have looked at some of the more recent threads, but I don't get to read much due to work and school. I saw the thread that compared Scottrade to Vanguard. I would like a comparison of Scottrade to Ameritrade. I initially looked at the IRA Center at the Fool and Ameritrade seemed the best option from the listed discount brokers. I asked a question on another board and I was introduced to Scottrade for the first time, and then sent to this board. While browsing through this board, I see Scottrade mentioned frequently, but not Ameritrade. I went to the Scottrade site and it appears to be a better deal than Ameritrade. At this point, I want to go with Scottrade. Any thoughts?

I hadn't thought about what I'd use the IRA money for until I started reading this board. I have Vanguard 500 index fund shares in the 401(K) from my former employer, and I am happy with that, so I will probably just buy more of that. This last thought led me back to both the Ameritrade and the Scottrade webpages. It looks like my question is answered, because Scottrade offers the fund and Ameritrade does not. Any thoughts still?

Thanks,
diat
(http://test.thespark.com/person/diat.html)
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