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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 9:28 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?
(no message)
This post was edited on 2/15 at 9:29 am


Janky
LSU Fan
Team Primo
Member since Jun 2011
11141 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.


wegotdatwood
Member since Aug 2009
17094 posts

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
Throbbing Member
Member since Dec 2012
27289 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.


Janky
LSU Fan
Team Primo
Member since Jun 2011
11141 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
LA-Lafayette Fan
Paradise
Member since Mar 2009
18929 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
22311 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
4790 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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