No. of Recommendations: 0
Vanguard has many excellent low expense ratio, no load funds. Vanguard 500 Index fund is the best know S&P 500 Index fund. It is an excellent place to begin if in doubt. You could be better off to open your IRA directly at Vanguard if you plan to invest exclusively in Vanguard funds.

A brokerage account is somewhat more versatile in that you can also purchase stocks if you want to. However, there is often the problem of some limitation on which mutual funds are available and some service fees associated with holding them in a brokerage account. If you go with a brokerage account, an alternative to the Vanguard funds is SPY the S&P 500 Index tracking stock traded on the Amex. It also has a low expense ratio. However, you must pay commissions to your broker on purchases. That should not be a big deal at a discount broker, but you may want to limit the number of transactions per year to keep costs under control. Mutual fund companies as custodians for your account are usually much less of a hassle in this regard.
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.
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.