longskate88
Distinguished Member
- Joined
- Oct 4, 2006
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So I'm a college student right now, and have a few $ in a Roth IRA and also a seperate mutual fund. My Edward Jones guy charges 5% I think when I put money in, and then a yearly fee that amount to maybe 2%. Should I continue doing this even as I start making more money (meaning paying him more) or is there a better alternative where I can invest in these type of funds on my own for free?
EDIT: they are mutual funds I think only EJ sells, whether or not they're any good. Can I get mutual funds on my own? I know I have to pay $ to make trades in Scottrade for example, so sounds like I'll be paying either way.
Also, he's an older guy...when he retires, do I just get transferred to closest other EJ guy?
Thanks guys, I was going to go add a couple hundred bucks today, but not sure if I could do better by getting fewer fees elsewhere.
EDIT: they are mutual funds I think only EJ sells, whether or not they're any good. Can I get mutual funds on my own? I know I have to pay $ to make trades in Scottrade for example, so sounds like I'll be paying either way.
Also, he's an older guy...when he retires, do I just get transferred to closest other EJ guy?
Thanks guys, I was going to go add a couple hundred bucks today, but not sure if I could do better by getting fewer fees elsewhere.