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URL:  https://boards.fool.com/if-i-were-in-your-situation-id-put-the-500-in-an-17165244.aspx

Subject:  Re: Fund Fees Date:  5/3/2002  4:22 PM
Author:  jrr7 Number:  34435 of 98534

If I were in your situation I'd put the $500 in an IRA money market deposit account at a bank. Many banks offer these with no fees.

Let the money accumulate in there until you've got enough to buy your desired mutual fund. Then when you fill out the application for the mutual fund you'll indicate that the account will be funded by a transfer from the bank's IRA.
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