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Hi all,

I started putting away into a Roth IRA almost a year ago. By now, I've got nearly my 2K$ put away. I'm investing through Sharebuilder, in SPY. My question is about a Vanguard index fund. Is there any advantage in going with this over investing in SPY? I only ask because Sharebuilder seems to be steadily increasing their commission, I'm currently paying $4/month, which is not terrible. My specific questions, I suppose, are this:

1) Can you have automatic monthly debits invested into a Vanguard fund?

2) If so, is there a fee/commission to do this, and how much?

3) What would be the process for moving my current investment out of Sharebuilder and into a Vanguard fund? I'd assume I'd have to sell some/all of my shares, which would cost me a larger commission there? Would this count as a distribution, thus hitting me with fees, or if I am immediately just moving it over into another IRA account can I avoid this? What is the procedure and is there a fee for changing custodians?

Clearly there would be some hassle/expense involved, but as I am only 24, if there is a monthly savings in doing this it might add up over the longterm. Or I could just keep going with what I have been doing and just forget about it for 30 years or so. :)

Thanks, friends.

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