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02-25-2005, 10:53 PM
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#1 |
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Registered User
Join Date: Feb 2005
Posts: 8
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Scottrade or Vanguard/TRowe/Fidelity for IRA? & other questions
I've been thinking about doing my Roth through someone like Vanguard, invested in something like the Vanguard Target Retirement 2035 Fund (I'm 32) to start out with (or the TRowe or Fidelity equivalent). I'd do $3,000 before April 15th so it could be an '04 contribution & then do monthly auto deducts to fund it fully for '05 & beyond.
However I've been doing a lot more reading tonight (something that can be quite dangerous with me). I'm not sure I'm going to want one of the All-In-One type funds for my long term (I've been reading they might be to conservative for a 30-35 year plan). I'm thinking it might be better to use individual funds from various groups to set up my stuff eventually. Maybe start with two & add a few others as I go. First is the multi route a better idea than the All-In-One idea? If going the multi route is one better off to use someplace like Scottrade since they seem to have easier (cheaper?) access to more funds? Is it better to get a variety of funds from one company (say various categories from Vanguard) or more than one? Sorry if the questions seem kinda dumb. I'm starting to think I've read to much without properly understanding everything & am just getting my self a little confused. ~Brian Last edited by BrianZ : 02-25-2005 at 11:51 PM. |
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02-26-2005, 04:56 PM
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#2 |
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Registered User
Join Date: Feb 2005
Posts: 8
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I think I'm liking what I'm finding about T. Rowe's funds. I think I've narrowed it down to two ideas.
1) Put the initial $3,000 in the T. Rowe Price RETIREMENT 2040 FUND and then for '05 do full monthly contributions to accomplish dollar cost averaging. 2) Put $2,000 in T. Rowe Price GROWTH STOCK and $1,000 in T. Rowe Price SMALL-CAP VALUE then for now put my monthly contributions into it $283 into the GROWTH STOCK fund & $50 into the SMALL-CAP fund. Eventually as more money is built up I'd shift some to a few other funds eventually having 4 or 5. I'm leaning towards the number 2 approach, although I'm not sure it'll be those two specific funds (still figuring out how to evaluate things), as I feel it'd allow me to feel a little more "hands on" in everything. This would then be monitored & evaluated once every year or two. ~Brian Last edited by BrianZ : 02-26-2005 at 05:00 PM. |
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02-27-2005, 06:36 PM
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#3 |
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Registered User
Join Date: Jul 2004
Posts: 103
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It depends on how "hands on" you want to be. The reason for the target funds is so investors who don't want to worry about asset allocation... don't. I am a "hands-on" guy, I handle my TSP, Roth, brokerage, and my wife's 401k and IRA. On average I spend at least 1 hour a day between reading (IBD, BizWeek, SmartMoney, Money, Kip's, Investment News, Fortune, Worth, MoneyAdvisor, etc.) and web research. As far as what brokerage to use find the one with the lowest fees for the funds you would like to purchase. My Roth and wife's IRA are at Scottrade. They recently went to a transaction fee for some funds so check first.
As for your second posting put $2500 into T. Rowe New Era. I know its an energy sector fund and doesn't do much as far as diversifaction but you will be rewarded. After that then purchase the other funds. Last edited by Ez-rhino : 02-27-2005 at 08:01 PM. |
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02-27-2005, 07:41 PM
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#4 |
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Registered User
Join Date: Oct 2004
Posts: 16
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I'm also liking T. Rowe's funds and will max out a Roth IRA using one of their targetted retirement date funds (e.g. 2015, 2020, 2025, just not sure what allocation I want yet). I like the simplicity of this plan.
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03-02-2005, 09:40 PM
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#5 |
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Registered User
Join Date: Mar 2005
Posts: 17
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I have a Roth and a regular mutual fund account with T.Rowe and cannot say enough about them. No-load, no 12b-1 and low expense ratios.
I look for fund managers that weathered the storm from 2000 - 2002 when most had substantial negative returns. Look at the performance of T.Rowe Capital Appreciation fund for that period: +22%, +10%, and +0.54% from 2000-2002 respectively. S&P 500 returned : -9%, -12%, and -22% during that span... If you want to invest in the T.Rowe MidCap Value (5 star rated), I suggest you hurry since they will be closing to new investors shortly. T.Rowe funds I own: Capital Appreciation Equity Income Financial Services (May dump this) Mid Cap Value Real Estate I work in 401k as a consultant - plan design (not with T.Rowe) and most of my BIG corporate clients are clamoring to get T.Rowe funds in their plan. Capital Appreciation and Mid Cap Growth (closed) are the most popular. Dodge & Cox funds are hot as well.. |
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03-05-2005, 11:22 AM
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#6 |
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Registered User
Join Date: Feb 2004
Posts: 72
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International Funds--Retirement
I have held T. Rowe Price International AND New Asia Funds since 1993. I have been pleased with them. However, I am interested in comparing similar holdings (overseas portfolio exposure) to similar companies. Are there other foreign investments that I should study? I read that I need approximately 20% of my portfolio invested overseas. Perhaps there is a SITE that focuses on foreign investments.
Thank you for your experience.
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Stockwell |
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03-13-2005, 09:43 PM
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#7 |
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Registered User
Join Date: Oct 2004
Posts: 16
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As much as I liked T. Rowe I went with Vanguard due to their lower fees. The two companies' returned were nearly identical but Vanguard charged .5% less for fees.
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03-17-2005, 04:16 PM
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#8 |
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Registered User
Join Date: Mar 2005
Location: West Coast
Posts: 25
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I think a better question is first, what asset allocation (% & type stock, bonds, etc) that you want to buy, and then go with the brokerage that helps you get that asset allocation with the best performance and least fees. Things to take into account include time horizon, goals, and risk tolerance.
I personally went with Vanguard Retirement 2035/45 since (1) they are based on passive index funds which I prefer over actively managed, (2) very low expenses as mentioned before, (3) you can get different weighting depending on how aggressive that you want to be. Depending on how much you are investing, each place has their own fee structure. Vanguard has a lot of fees if you want to buy small amounts of different funds and no go with an all-in-one. Scottrade might be better for that type of thing.
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One Man's [My] Path to Financial Freedom - MyMoneyBlog.com |
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07-07-2005, 11:53 AM
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#9 |
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Registered User
Join Date: Feb 2004
Posts: 72
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Roth Security
I have had an Ultra account with American Century since 1993; it is now returning 0.21%. I opened my Ultra Roth @ 1999; it is returning a magnificent 0.73%. Should I hold onto these accounts, transfer the money into better performing funds within the same company, find another company or hang on in the hopes that Ultra will climb again?
Thank you for your wisdom. Stockwell
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Stockwell |
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07-07-2005, 02:15 PM
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#10 |
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Registered User
Join Date: Oct 2001
Posts: 1,596
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Stockwell,
Waiting for a fund or stock to come back is time lost that could be earning a better return on your investment. You need to determine your risk for tolerance, and then find some better funds for investing your IRA funds that will fit with your season of life. Here is a link that may be beneficial for you:[http://www.soundmindinvesting.com/] |
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