You are in no way bound to the "discount" broker that you bank is going to. Most mutual fund companies themselves will let you set up a Roth IRA directly with them, usually with a minimal initial investment as long as you systematically invest in your IRA (i.e. $166, or $332 a month for a couple). Shop around for the mutual fund that most closely meets your investment objectives (i.e. growth, income, amount of diversification, industry specific, etc.) and then look for those funds (look for a trend amoung a companies fund offerings...are they all doing well, or just one lucky one) that have demonstrated excellent long-term growth (try 10+ years). Lastly, look at the fees charged by the fund. Here, a quarter of a percent can mean several thousand dollars in the end. Just think, you would shop around for a mortgage and compare down to the quarter percent here, as this is a couple hundred thousand dollar investment. Your Roth could be a several million dollar investment.....
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