No. of Recommendations: 0
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.
kbunk
Print the post  

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement