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Author: BookmFool Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: OK - IRA, but where? Date: 3/9/2000 10:49 AM
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There are a few items to consider when opening a Roth IRA. First, what investments will you have in the IRA -stocks, mutual funds, DRiPs (yes it's possible, through certain companies). What ever type of investment you begin with, will you plan to stay with that type, or maybe have a little of each. And how will it fit into your entire investment portfolio.

Most discount brokers now offer mutual funds as well as the obvious opportunity with stocks. The snag with the brokers is most also have a list of no load, no fee funds you can buy through them at no cost, and a list that you pay a fee to invest in (like $25). And guess what type of funds are usually on the you-gotta-pay-to-play list...index funds. So know when deciding which way is cost-effective, you have to figure in what you'll pay per buy in your expense ratio. So if you're looking at index mutual funds in a Roth, going thru the fund company is probably smarter, as Krissy563 stated. You must check the brokers to find out what funds are on their no-no list before you commit to them. I've got a few sites to research discount brokers fer ya:

http://www.sonic.net/~donaldj/

http://www.gomez.com/channels/index.cfm?topcat_id=3

Also take a look at Vanguard's website to see their offer on Roths, since they are low-cost kings:

http://www.vanguard.com

Hope I helped a bit, look for others to answer well.

BmF
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