How do distribute Roth IRA throughout the year? (mutual funds, annual fee, investor)

[Texas User]

For those of you who know that they will max out $5K for Roth IRA. Do you wait for a big sell-off to buy your shares?

Also, do you buy Mutual Funds and/or Stocks?

Do you think Roth IRA's $5K amount will ever go up?

Also, where do you keep your Roth IRA? Do you pay any annual fee for it?

I currently have Roth IRA through Edward Jones and pay a $40 a year.
Also, all are American Funds. Very good returns but it has a expensive load of 5.75%.

[TEnterprises]

Originally Posted by Texas User

For those of you who know that they will max out $5K for Roth IRA. Do you wait for a big sell-off to buy your shares?

Also, do you buy Mutual Funds and/or Stocks?

Do you think Roth IRA's $5K amount will ever go up?

Also, where do you keep your Roth IRA? Do you pay any annual fee for it?

I currently have Roth IRA through Edward Jones and pay a $40 a year.
Also, all are American Funds. Very good returns but it has a expensive load of 5.75%.

That's an absurd expense load. You should switch funds.

[Backintheville2]

Mine is with Vanguard and I would not consider any place where I'd have to pay an annual fee. Mine is drafted out of my checking account the same day every month. I am over 50 so am able to contribute $500 per month, which I do. I would never consider a load Mutual Fund. Whether the limit will ever go up, I have read that is decided based on the inflation rate. Perhaps someone else will have more information about that than I do. The Vanguard account mine is in is a balanced fund which does contain stocks.

[Texas User]

Originally Posted by TEnterprises

That's an absurd expense load. You should switch funds.

It is but American Funds are top notch returns too.
There are funds that do just as good as AF without a load though.

[Texas User]

Originally Posted by Backintheville2

Mine is with Vanguard and I would not consider any place where I'd have to pay an annual fee. Mine is drafted out of my checking account the same day every month. I am over 50 so am able to contribute $500 per month, which I do. I would never consider a load Mutual Fund. Whether the limit will ever go up, I have read that is decided based on the inflation rate. Perhaps someone else will have more information about that than I do. The Vanguard account mine is in is a balanced fund which does contain stocks.

I did well with Vanguard STAR once but sold it. It was a after-tax account.

Which Vanguard funds do you have? Vanguard's also have low MER.

[Ariadne22]

What American Funds do you own?

[Texas User]

Originally Posted by ariadne22

what american funds do you own?

american balanced fund cl a
capital world growth & income fund cl a
europacific growth fund cl a
fundamental investors fund cl a
growth fund of america cl a
income fund of america fund cl a
investment company of america fund cl a
new perspective fund cl a
new world fund cl a

[LongArm]

Originally Posted by Texas User

american balanced fund cl a
capital world growth & income fund cl a
europacific growth fund cl a
fundamental investors fund cl a
growth fund of america cl a
income fund of america fund cl a
investment company of america fund cl a
new perspective fund cl a
new world fund cl a

You could buy Warren Buffett with all the loads you've paid.

[Texas User]

Originally Posted by LongArm

You could buy Warren Buffett with all the loads you've paid.

Also, it beats the average S&P Market but I want to stop paying load now.

I've had AF's since 2007.

So 5 years.

[Texas User]

Do you all do a monthly purchase?