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I recently transferred my sep assets from a mutual fund to a self-directed account with First Trust. Having taken this first step, I am not sure about the best approach for the next step, i.e. investing the money. The total value is in the neighborhood of $ 45-50,000 and represents two years worth of contributions. I am interested in the IFG screen but with 40 trades per year with a commission of $55 per 100 share trade, I suspect that I would be better off with an approach that involved much less turnover, ?fool-4 or Cash King for example. Would it make sense to use the money that was transferred to purchase blocks of 5-10 companies and at the same time open DRIPs in the same companies so that I could add to them over time. Would this save significantly in commissions? I appreciate the advice.
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