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Maniac979
LSU Fan
The Great State of Texas
Member since Jan 2012
400 posts

re: Buying more of a mutual fund?


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This post was edited on 2/15 at 9:28 am


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Maniac979
LSU Fan
The Great State of Texas
Member since Jan 2012
400 posts

re: Buying more of a mutual fund?


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This post was edited on 2/15 at 9:29 am


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Janky
LSU Fan
Team Primo
Member since Jun 2011
5818 posts

re: Buying more of a mutual fund?


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





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wegotdatwood
Arkansas Fan
Member since Aug 2009
17094 posts
 Online 

re: Buying more of a mutual fund?


quote:

How much did USAA charge you to bailout?




$20 to close a Roth with them.






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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
8716 posts

re: Buying more of a mutual fund?


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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Janky
LSU Fan
Team Primo
Member since Jun 2011
5818 posts

re: Buying more of a mutual fund?


No.





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Maniac979
LSU Fan
The Great State of Texas
Member since Jan 2012
400 posts

re: Buying more of a mutual fund?


(no message)


This post was edited on 2/15 at 9:31 am


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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
15622 posts

re: Buying more of a mutual fund?


quote:

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










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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
17183 posts

re: Buying more of a mutual fund?


Oh i buy all my vanguard ETFs through them so i dont incur any costs for the transactions





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seawolf06
LSU Fan
Raleigh, NC
Member since Oct 2007
4211 posts

re: Buying more of a mutual fund?


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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