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2007-02-24 06:04:46 · 6 answers · asked by mistersponge 2 in Business & Finance Investing

Would it be wise to open an IRA with the foreign mutual funds listed here?

http://money.cnn.com/magazines/moneymag/bestfunds/2007/actively.html

2007-02-24 06:27:11 · update #1

6 answers

Virtually every discount broker has a list of no-load no-transaction-fee mutual funds. So if you go with one of these, the only "fees" would be the management fee paid to the fund manager (expense ratio) which every fund has, but has nothing to do with which broker you choose.

Examples of discount brokers: Scottrade, TDAmeritrade, Schwab, etc.

2007-02-24 06:13:43 · answer #1 · answered by LongArm 3 · 0 0

The online trading companies listed in the answers given above are all good choices. But if you go through a dicount broker you are probably not going to get any financial advice and still have to pay a small brokerage fee on top of a expense ratio that every mutual fund has. Try calling either Fidelity, or TRowePrice and talk to someone there. You can eliminate any brokerage fee this way. Buy no load funds with no 12b-1 fees and low expense rations. Good luck

2007-02-24 07:42:41 · answer #2 · answered by Anonymous · 0 1

Those international funds listed are all good funds. For the lowest fees, buy directly from the mutual fund company. American funds charge a load, Vanguard might charge $10 per year for accounts under $10,000 but they have the lowest annual expenses. Don't just look at lowest fees, look at after fee total return.

2007-02-24 10:08:14 · answer #3 · answered by gosh137 6 · 0 0

Scottrade, Schwab, or Etrade are all good. You may want to consider Vanguard also, www.vanguard.com. They have a selection of their low cost mutual funds and you can buy outside mutual funds with no or low fees via their brokerage feature. Good luck!

2007-02-24 06:24:44 · answer #4 · answered by Contrarian 3 · 0 0

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2007-02-24 06:30:20 · answer #6 · answered by Anonymous · 0 1

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