Investing Advice

I am planning on investing in two mutual funds to start out my Roth IRA, VTSMX and DODFX, one with a minimum investment of $3000 and the other $1000, respectively. But when I buy them though Scottrade the commissions of $17 each will put me above the contribution limited for this year. So do you recommend me investing in $3000 into VTSMX and having my dividends and capital gains paid out and then using that to help purchase DODFX in the future before the end of this contribution year or should I just invest the entire $4000 into VTSMX.

I dont think the commission is counted as part of your contribution. Even if it were, all you have to do is contribute 4000 minus 34, easy fix.

Why are you paying a commission anyways? couldnt you do it for free directly with Vanguard?

you say something about paying out cap gains., having an IRA pay out defeats the purpose of the IRA account.