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I'm looking to open a Roth IRA and online brokerage account. Currently I'm doing research on several companies such as TDAmeritrade, T Rowe Price, Vanguard, and Scottrade, etc.
I'm looking for a company that offers wide range of funds, stocks, low-mid fees, easy online tracking accessibility, and good customer service.
Any of you have experience investing with either of these companies? My goal is to open a Roth IRA and a online brokerage account sometime in the near future.
Personally I would separate your retirement and regular accounts. Diversification is always good. You never know.
I had Scottrade and while they were a good discount broker, everyone is around that same price now. I disliked their CS and lack of help filling out their own forms.
Personally I would separate your retirement and regular accounts. Diversification is always good. You never know.
I had Scottrade and while they were a good discount broker, everyone is around that same price now. I disliked their CS and lack of help filling out their own forms.
Good idea, may be a Roth IRA with one company and a online brokerage account with another company.
I have a few accounts and thinking of opening a few more accounts. I don't like to agrregarate into one pot. You never know which account will be hacked.
Personally I would separate your retirement and regular accounts. Diversification is always good. You never know.
I had Scottrade and while they were a good discount broker, everyone is around that same price now. I disliked their CS and lack of help filling out their own forms.
Diversification doesn't mean using multiple brokerages..that will cost you more in the long run because you miss out on the discounts for the fund balances. Diversification means you have several different type of investments to help maintain and even keel with your accounts--a mix of stocks, bonds, cash, real estate, etc. to help whether the ups and downs of the various markets.
If you have a Vanguard account and invest your money in vanguard funds there is no commission or fees when buying and selling from what I understand. So depending upon how frequently you plan to add to the account or if you plan an active approach to managing the fund this may be something you'd want to consider.
Diversification doesn't mean using multiple brokerages..that will cost you more in the long run because you miss out on the discounts for the fund balances. Diversification means you have several different type of investments to help maintain and even keel with your accounts--a mix of stocks, bonds, cash, real estate, etc. to help whether the ups and downs of the various markets.
I like the diversification of vendors because if someone steals my identity they will hopefully not find all of my accounts. You are correct that this does not diversify the investments but that is not the reason for multiple brokers.
For the OP I would look toward the cheapest vendor. Pay attention to the annual fees charged. Assuming you are a long term investor I would start with Vanguard. The add other brokers if you like.
My Roth is in a T. Rowe Price targeted retirement date fund. It was the best performer when I started it.
Does the target date actually match yours or did you just pick the best performer at the time?
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