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Author: kano88 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25265  
Subject: Self-directed brokerage in 401K Date: 11/21/1998 1:03 PM
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i dont know if I should consider myself the lucky one or not. Starting next month (Dec 98) my employer is switching its entire retirement plans to AMEX Trust company. It offers 15 variety of funds and a self-directed brokerage account. Should I have all my 401K $ in the self-directed account? There is a $35 annual admin fee, plus $4.95 handling/admin fee per trade, plus trading commission. They would only provide commission fee schedule when I open the self-directed account, which requires $3000/- minimum. BTW, I have about $10K in my 401K. OR, maybe I should simply keep all my money in the AMEX Trust Equity Index Fund, which they claim "seeks to achieve its goal by creating a portfolio with sector/industry weightings similar to the S&P 500." This is the closest Index fund I could find that resemble the S&P 500 Index.
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