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<<I just opened my first IRA, a Roth, with a discount broker. Here's my question. Even though commissions are low, am I better off putting monthly contributions into a money market and transferring the whole $2000 at once into IRA mutual fund (index), incurring only one commission, or buying shares each month with my contribution? The latter seems like it would have the value of dollar cost averaging, but incur far more in commissions.>>

If you are being charged a trading fee with every monthly deposit, then IMHO you are better off transferring your IRA to a no-load index fund where you can invest directly with the fund without incurring charges. The Ssga funds family has a 500 index fund that only requires a $250 deposit for an IRA as an example. It compares quite favorably with Vanguard and the index itself. After you have built up the fund to a size that you feel comfortable with, then if you desire to trade on your own, you can move it back to the broker you have selected.

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