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Accidently posted this in the stocks thread, so reposting it here since I am a newbie. Ok, ETrade is frustrating me. I rolled over money from my old 401k from when I was a substitute teacher to an ETrade Rollover IRA. Granted, it's a small amount of money, $414 approximately, but it's still worth investing, right? So I go through their automated questionairre, and it dumps me on step 3 out of 4 telling me their recommended solution is to build my own portfolio, even though the previous 3 questions I stated I have no investing experience and would rather have things chosen for me. So with the recommended amounts for my large cap and small cap and all that, I decide to just go ahead and look at some mutual funds and do it myself. However, the transaction fee for each is $20! That's going to cost me 5% of my rollover IRA for each time I distribute my money into mutual funds! Is there any solution to this that doesn't end in me losing 20%? I should go ahead and state that losing this $414 doesn't bother me in the slightest, I just want to invest as much of it as I can without blowing a huge chunk on transaction fees. In case anyone is wondering, here's the results I got: Large Cap 44% Small Cap 16% International 20% Fixed Income 17% Other 0% Cash 3% edit - got a reply in the stock thread telling me that diversifying $400 is a joke and to just throw it into an index fund instead, whoops, ETrade confused me into thinking I should diversify... sublyme fucked around with this message at 01:32 on May 18, 2010 |
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May 18, 2010 01:11
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| # ¿ May 4, 2024 04:12 |
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