Where to open a Roth Ira.

[bdelgaud]

I have a rollover IRA from Fidelity with 2 ishares ETF( mid cap and international)

I would like to open a roth ira. I plan on investing in some quality dividend stocks and hold them for years and reinvest the dividends. Then, purchase index funds or ETF's.

Should i look into Fidelity for Roth as well or look at something like TD ameritrade. Any suggestions would be appreciated.

[MatthewC]

Hi there.

Personally, I do not like investing in dividend stocks overall. However, if you are going this route I would recommend buying them from the Consumer Goods/Consumer Staples sector. This sector is about as safe as the Utilities, but averages an extra 5 1/2 % a year when comparing their high dividend stocks against each other. (as taken from the very useful statistics in What Works on Wall Street (Fourth Edition) by James P. O'Shaughnessy)

[bdelgaud]

im not planning on going all out on dividend stocks. Will pick some consumer staples,etc. to hold and rest of my investing will be etfs and/or index funds.

[Petunia 100]

Since you know you want a brokerage account, then open it wherever you can get the best deal (read, "lowest cost").

For example, both Vanguard and Schwab do not charge commissions to trade their own ETFs. Both custodians have plenty of ETFs from which to choose.

My brokerage account is at WellsTrade, where I enjoy 100 free trades per year (more than I use). You need 50k in your total "relationship" to get this deal.

[J.Apple902]

I opened a Vanguard ROTH today! Van is the only one that is customer or client owned, meaning the users have control rather than the shareholders. Therefore, typically the community of investors look out for each other rather than the top exec's just looking out for themselves. Van has lesser fees and expense ratios because of this.

One very very important thing to consider with roth and 401k is fees. You cannot control the market. Sure you can make decisions and "play the market" when choosing funds, but you really only have control over the fees and who you go with. This is very very important over the 30-40 years people have their ROTH open.

Good luck!