Financial Information
Should I invest in Mutual Funds or Mutual Funds in some form of IRA Account?
Question : Should I invest in Mutual Funds or Mutual Funds in some form of IRA Account?
I am looking to invest in a few no-load mutual funds I have picked out by purchasing through an online discount brokerage. Should I simply purchase into the mutual funds or purchase into the mutual funds through some form of IRA account? I’m young (mid-20′s) and am looking for the best possible ROI I can get for the long haul.
ira account online
Best answer:
Answer by gosh137
What do you consider “the long haul?” Retirement? Will you need the money several years to buy a car? house? get married?
With a ROTH IRA, you can take out your contributions with no penalty. Just keep in the earnings.
IMO, it is better to buy direct from the mutual fund family rather than pay a brokerage fee.
-
-
#2 written by jlf 1 year ago
- Comment Feed for this Post
mutual funds suck, literally. they suck money out of your account regardless of % return. go with the Vanguard Total Stock Market ETF which is virtually free to invest in. it’s ticker symbol VTI. don’t let fund managers dip into your hard earned money!!!