Started By
Message

re: Help a young buck become a savvy investor

Posted on 10/30/14 at 10:55 am to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80803 posts
Posted on 10/30/14 at 10:55 am to
What is the fee for that fund? My current ROTH has a one time 4% fee for any deposit in the fund through Raymond James. I think I'm getting boned
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/30/14 at 11:01 am to
I think the admiral shares are like 0.05%
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 10/30/14 at 11:38 am to
quote:

I think I'm getting boned



you are...and badly

move to Fidelity or similar, buy many ETFs at ZERO fee (other than the very small expenses by the ETF itself).

best for a novice would be a total market type ETFa

total market ZERO commission .07% expense
This post was edited on 10/30/14 at 11:42 am
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 10/30/14 at 12:08 pm to
quote:

My current ROTH has a one time 4% fee for any deposit in the fund through Raymond James. I think I'm getting boned


The rogering you are getting at 4% is pretty bad. He could at least have offered you some lube. Basically everyone will gladly take your deposit for free.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram