Could anyone tell me where is a better place to open an acount for mutual fund? I know they charge differently like buying/selling/management fee....etc...could anyone share their experience like in Fidelity, Vanguard......etc?
Thank you very much~
2007-02-22 03:23:17 · 3 answers · asked by nanalee 1 in Business & Finance ➔ Investing
Also, any experience buying from ING...
2007-02-22 03:34:55 · update #1
If you go to Fidelity or Vanguard (for example), you can only buy THEIR funds. Which might fine, if you've decided that they offer funds you want to buy.
If you go with a broker, such as E-Trade, you have a wider choice of funds, from different fund companies. However, you may pay slightly higher fees because E-Trade needs to make money. However, if you buy and hold (a good idea), it's not enough to matter.
Both Fidelity and Vanguard offer a series of well respected and historically good performing funds. You can't go wrong with either, in my opinion.
2007-02-22 03:32:48 · answer #1 · answered by Jay 7 · 1⤊ 0⤋
confident you're able to purchase Mutual money, ETFs, shares, or Bonds interior that fund to make it improve. risk is your broking provider has only positioned the money in a money marketplace Account that gets very low expenses of interest. i prefer to propose you initiate with listed Mutual money (or ETFs based how in lots of instances you should make contributions to this account). And reckoning on your age you need to to contemplate some bonds too. See the links below to help with opt for money and diversifying your assests.
2016-11-24 23:53:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I didn't know ING sold mutual funds
Anyway, start with your home town bank, they probably sell no-load funds (no buying/selling fee).
It has been proved that load funds don't outperform no-load funds so why pay this charge.
2007-02-22 03:45:36 · answer #3 · answered by bob shark 7 · 0⤊ 0⤋