Should I put my IRA accounts with a "financial planner" who works for Morgan Stanley? I have three options: 1) put it in a plan that charges 1% of the total assets every year, or 2) put it in a plan that charges $50 per account annually, or 3) give itstraight to Vanguard and pay around 0.5% per account annually? With option #1, I can trade and not be assessed anything over 1%.. but I don't plan on doing this... I'll stick it in something for long-term growth and leave it alone. With option #2, I won't get to readjust the IRAs into different funds or I will pay a penalty (greater than 1%... possibly up to 5% if I understood the broker correctly; regardless, it'll be loaded-type funds in which I'll be investing). Option #3 seems like the best option, but I won't have anyone telling me where to put my money or when to change things up as I age. The total amount in these IRAs is about $70k and I'm in my mid-30s. thanks for the input.
2007-01-05 00:16:37 · 3 answers · asked by tlc289 4 in Business & Finance ➔ Investing
VANGUARD.!
Vanguard has a very good website also. You can go there and make your own changes of investments. You have plenty of options to invest in. Vanguard.com
good luck. dd
2007-01-05 00:21:40 · answer #1 · answered by dd 4 · 0⤊ 0⤋
Vanguard uses a passive style. There are many options that can consistently beat a passive style.
I would highly recommend mutual funds. They have much more disclosure than a stock picker. But if you have 20 to 30 years to invest your money, get a American funds account. They have the largest mutual fund company and you can see from their performance, they are definitely the best.
From their, give your self some strong international exposure. That market is growing very well with technology and the expanding global marketplace.
2007-01-05 01:35:39 · answer #2 · answered by MR MONEY 3 · 0⤊ 0⤋
Vanguard. I own Vanguard funds and purchased thru Fidelity...The folks at Fidelity work with me to change asset allocation annually at no charge. You might also look at funds that automatically change allocation as you near retirement. I do not know but would think Vanguard has folks to help you and at no charge.....Good Luck
2007-01-05 00:34:58 · answer #3 · answered by Bill P 1 · 0⤊ 0⤋