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I can buy a fund from Fidelity and will not have to pay a sales commission. Or, is it better to pay the load in exchange for the "money management" skills of the selling broker? Thanks.
... can buy mutual funds via a broker ... load, you pay this fee regardless of whether there's a transaction fee to buy shares. Some mutual funds also ... of funds quickly. Like ...
You can buy mutual funds ... which mutual funds they want to buy and like the ... in mutual funds, according to the "Investor... How to Buy No-Load Stocks Without a Broker
Like hedge funds, funds of hedge funds are not mutual funds. ... various mutual funds. When you buy shares, you pay ... that some mutual funds reduce the front-end load as ...
... buy/trade no commission no load mutual funds, using a Fidelity account will be free? I like ... s any other online broker that's better for mutual funds? ... Some ...
... Schwab, or E-Trade, you can buy most mutual funds just like you would a share of stock. You simply go on the broker's ... out the average price you pay for your mutual ...
mutual funds; etfs; broker center; investor pro ... in life: to pay for ... Let's see how stocks stack up to some of your other investment options: Mutual funds.
... who buy mutual funds. So some ... That Pay Dividends. Here's How to Load Up ... U.S. money-market funds would be required to hold capital buffers like banks to pay out to ...
Because there's less "research" to pay for -- like ... traditional mutual funds, you order your shares and buy ... That's the price of entry for some index mutual funds.
If you like, you can invest in both stocks and mutual funds. ... have to pay attention to whether big gains in some ... when you buy shares -- a front-end load. And some funds ...
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September 8th, 2010 at 6:03 am
Save your money and buy a no-load, low-expense ratio indexed stock fund. After they take their cut from your money, you’ll find that only about 4 out of 10 money managers will be able to beat the index fund anyway — and you have no way of knowing which 4 they are, and they change randomly from one year to the next. They’re not in business to make your money, they’re in business to make commissions out of your investments.
Fidelity or Vanguard or Schwab — don’t buy a fund with more than 0.50% per year in fees.
September 8th, 2010 at 6:03 am
The load is actually charged by the fund company and not the broker, I would seach yahoo finance for "no load" funds and buy that through an online broker, I load is a rip off, unless you really like the fund it is not worth it.
September 8th, 2010 at 6:03 am
It’s OK to use a broker, as this will give you additional flexibility in the number of funds available for you to choose from; but there is very little benefit in paying a load when there a thousands of excellent no-load funds from which to choose.
Look for low managment fees and low or zero 12-1b fees.
Good luck!
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September 8th, 2010 at 6:03 am
Research has shown that the performance between a loaded fund and no load fund, overall, are the same . The funds portfolio is managed by the fund and they are the money managers. Read up on funds, check out Morningstar, Lipper and on line research, You’ll find you really don’t need a broker to make a good selection in mutual funds. Fidelity has many good funds. Stay away from the Selects unless you know the stock market. If you do go with a broker stay away from funds that have a 12B1 fee. Those fees can really kill performance. .
September 8th, 2010 at 6:03 am
don’t buy a fund from a broker except a discount broker like Scottrade or Etrade,, they charge a flat fee
don’t buy a load fund
September 8th, 2010 at 6:03 am
A load fee is to compensate the guy who gave you a sales pitch and talked you into buying the fund. If you need that type of convincing, then pay the load . . . but it sounds like you have already made up your mind to invest . . . so what is the load for??
Fidelity no load funds have the same or more variety than the advisor funds. This is not a factor.
The load is NOT paid to manage your money. NO ONE is going to call to tell you to sell one fund and buy a better one. You get no ongoing commitment for paying a load. Besides, you are likely young and have only a small amount to invest . . . How much service will you get for 5000 x .02 (a hundred bucks).
I have no problem with compensating guys who work hard to convince you to invest. I do have a problem when they promise to love you forever . . . that won’t happen. Don’t get suckered with that kind of promise.
September 8th, 2010 at 6:03 am
Don’t pay a load.
The broker has few "money management" skills though they may have some sales skills to get you to but a high priced fund that is likely to under perform but that will pay them a huge commission.
Stick with index funds at a no load site like Fidelity until you learn a little more.
September 8th, 2010 at 6:03 am
No skills being gained only money lost. Still likely an etf will be beter if with a commission but not a load fund.
September 8th, 2010 at 6:03 am
do a lot of shopping for brokers that sells mutual funds a lot of them (scottrade included) has an additional sales fee for these funds (all of them doesn’t matter what flavor the fund is) I would go with Bank of America on this one.