opening a roth account - am i doing it right?

**mommyof4** · 06-02-2009, 08:55 PM

Maybe try a target date etf with them? That's what I do in my Roth at sharbuilders.

**shultice24** · 06-04-2009, 10:49 AM

Does your Roth have to be through Sharebuilder for some specific reason?

If not look into the options that Vanguard has. They are the Cadillac of funds of all types. It's possible to buy and hold Vanguard funds through another broker, but then you're paying a middleman for no reason.

They're a fine company all around- you wouldn't go wrong with them.

Just my 2 cents.

**EEinNJ** · 06-04-2009, 11:16 AM

I would recommend a balanced fund for a Roth, you don't get to contribute enough to be diversified when you're first starting out.

**creditcardfree** · 06-04-2009, 01:02 PM

Warren Buffett recommend the S&P 500. Right now the stocks are on sale, too!

A balanced fund probably would be MORE conservative than the S&P 500.

**jsk** · 06-04-2009, 02:14 PM

Originally posted by shultice24 View Post

Does your Roth have to be through Sharebuilder for some specific reason?

If not look into the options that Vanguard has. They are the Cadillac of funds of all types. It's possible to buy and hold Vanguard funds through another broker, but then you're paying a middleman for no reason.

They're a fine company all around- you wouldn't go wrong with them.

Just my 2 cents.

No necessity to go with sharebuilder. I was initially checking vanguard but the opening minimum is 3000$. So looking for alternatives.

**jsk** · 06-04-2009, 02:16 PM

thanks creditcardfree,EEinNJ

**shultice24** · 06-04-2009, 04:10 PM

Originally posted by jsk View Post

No necessity to go with sharebuilder. I was initially checking vanguard but the opening minimum is 3000$. So looking for alternatives.

You might want to check out their ETFs if you haven't already. Since they trade like normal shares, you can buy far less than $3,000 worth to get started, and obviously this can be done in any brokerage account. Plus most of their index funds have corresponding ETFs.

This is what I do with a TD Ameritrade IRA, since I opened positions much smaller than $3,000 in different ETFs. It works pretty well, except the $10 commissions take a bite out every time I make a transaction.

Best of luck in whatever you decide to do.

**skylog** · 06-04-2009, 04:35 PM

i would suggest you take a look at t rowe price. while many of their funds have minimums for opening accounts, you can have those waived if you use their automatic asset builder service. with this option, you can open a roth with a minimum monthly contribution of 50.00.

they have a wide selection of quality funds and their customer serivce is excellent. also, there are no transaction fees like (i think) there would be with sharebuilder.

EDIT:

i posted links to their aab service and their ira page, but i don't have enough posts to post links yet. sorry.

i hope that helps

opening a roth account - am i doing it right?