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Learning, Sharing, and Teaching => Investor Alley => Topic started by: 53caddy on January 19, 2018, 08:02:54 AM

Title: Roth IRA Account Location
Post by: 53caddy on January 19, 2018, 08:02:54 AM

Well I just finished reading a post about how scummy Edward Jones is etc. Well I am currently with a Financial adviser not Edward Jones from when I started my Roth IRA (forced to use this company due to parents now both of us hate them). Well now i notice how scummy they are. Currently charging 1% fee on top of the ETF fee etc.

I am looking at transferring to a new location. Do yall agree? What company should I consider Vanguard, Fidelity, Betterment? Is there another one that I am missing in my research. How do you go about researching the funds you want to invest in etc?

 thanks in advance.

Title: Re: Roth IRA Account Location
Post by: MDM on January 19, 2018, 09:10:17 AM

53caddy, welcome to the forum.

Fidelity, Schwab, and Vanguard are often mentioned, each with pros and cons.

See Three-fund portfolio - Bogleheads (https://www.bogleheads.org/wiki/Three-fund_portfolio) for some reasonable funds at all of those (and some other brokerages as well).

Title: Re: Roth IRA Account Location
Post by: Rob_bob on January 19, 2018, 02:26:08 PM

My Roth is at TDAmeritrade, no account fees. Vanguard and Fidelity seem to have the largest following.  Betterment will charge you a small management fee.

As far as researching funds goes I just search online, use free charts, Portfolio Visualizer website has a back testing tool to compare fund performance, Morningstar website has fund details and a discussion forum.

Google is your friend  :)

Title: Re: Roth IRA Account Location
Post by: MDM on January 19, 2018, 02:34:49 PM

Quote from: Rob_bob on January 19, 2018, 02:26:08 PM

Google is your friend  :)

And remembering two things:
1) Past performance does not necessarily predict future results (https://www.sec.gov/fast-answers/answersmperfhtm.html).
2) Most actively managed, high fee funds do not outperform (http://us.spindices.com/spiva/#/reports) index funds by more than the fee difference.

Title: Re: Roth IRA Account Location
Post by: 53caddy on January 22, 2018, 06:16:23 PM

Thanks again for all the input.