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Old 04-23-2008, 01:30 PM
indycobra indycobra is offline
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Default Investing in Roth IRA

Im new to this forum and this is my first post. Im really new to all of this investing stuff so bare with me. Recent life changes (baby on the way) and discovering Dave Ramsey has made me re-evaluate my financial position/goals.

I have been contributing to my 401k since I was 22 (im now 36) but I would like to do more. I started a Roth IRA with Scottrade and have been thinking about investing money there as well. Im a little confused about the transaction fees for investing in mutual funds. I called a local Scottrade broker and they told me every time I want to contribute money into a mutual fund there is a $17 fee. So if im wanting to invest weekly into my roth do I just let the money sit in my scottrade account untill I get a sizeable amount before I acually buy in on a mutual fund? I cant see investing $50-$100 a week and paying a $17 fee each time, that would add up fast.

Another question is will it cost me more to go though Scottrade than it would to buy directly from say Vanguard?

Thanks for any help.
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