Buying more of a mutual fund?
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re: Buying more of a mutual fund?
Posted by Maniac979 on 2/12 at 4:08 pm to Teddy Ruxpin
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This post was edited on 2/15 at 9:28 am

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Posted by Maniac979 on 2/12 at 4:43 pm to wegotdatwood
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This post was edited on 2/15 at 9:29 am

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Posted by Janky on 2/12 at 5:36 pm to Maniac979
Wait, Wut? ETFs are bad because they can be sold intra day? Good Lawd, I have heard it all.


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Posted by wegotdatwood on 2/12 at 5:41 pm to Maniac979
quote:

How much did USAA charge you to bailout?




$20 to close a Roth with them.



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Posted by Vols&Shaft83 on 2/12 at 6:10 pm to Janky
quote:

Wait, Wut? ETFs are bad because they can be sold intra day? Good Lawd, I have heard it all.





Not what I said, however ETFs were created to be bought and sold like stocks. So, it's easy to get sucked in to the temptation to buy and sell for some short-term cash. That's not how you build wealth for retirement. That's how you go broke.

Also, Most of retirement investing is done systematically through small, monthly contributions to a 401(k) or ROTH IRA. ETFs charge a broker's transaction fee each time you add money—that's in addition to the funds' normal operating fees. Those fees can quickly eat into your returns.

From the OP, I gathered he's not looking to be a trader or get involved in complicated investments, but rather a steady long term retirement investing approach.

But hey, to each his own.



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Posted by Janky on 2/12 at 6:39 pm to Vols&Shaft83
No.


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Posted by Maniac979 on 2/12 at 6:48 pm to Vols&Shaft83
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This post was edited on 2/15 at 9:31 am

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Posted by Fat Bastard on 2/12 at 6:50 pm to wegotdatwood
quote:

Opened an account with Vanguard directly and will transfer my roth there.







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Posted by Teddy Ruxpin on 2/12 at 7:36 pm to Vols&Shaft83
Oh i buy all my vanguard ETFs through them so i dont incur any costs for the transactions


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Posted by seawolf06 on 2/13 at 9:20 am to wegotdatwood
I pulled my Roth out of USAA last year because of the stupid fees they charge to make transactions. I went with Fidelity and get the bonus of having my 401k managed by the same company.


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