No. of Recommendations: 0
Thanks for a great answer, Pauleckler!!

On meeting the $5K minimum in your Roth, the easiest way is to wait until Jan 1. Between Jan 1 and income tax day (Apr 15) you can make a $3K contribution for 2003 and another $3K contribution for 2004. Consider making them both to exceed the minimum and avoid the fee.

What a great point!! I even didn't think of this option when I called Vanguard. I will call them again to verify if it's allowed, though I believe it should be. My initial idea was to do dollar-cost averaging (did it call it correctly?), but I can wait another year to start doing it, since saving $20 in fees is also not so bad.

Yes, I would like to hold DODBX for long term at least 3-5 years and longer if I see it performs satisfactorily. I don't know if they Dodge&Cox offer brokerage services, though I was not anxious to learn either.

After I learn more about stocks and taxes, perhaps I will also opt to open a discount brokerage account.

But when I want to sell DODBX when I have an account directly with the company, are there any fees rules involved. I didn't ask such specific questions when I contacted them.

Once again, thanks for info. It was great!!
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.