Investing Your Money

Grand Potentate

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Any investing guru's out there? I need a traditional IRA for The Great Satan. Something with low fees and moderate returns. Relatively safe. Opinions?
 
First of all, who is the The Great Satan?

IRA's don't take fees, mutual funds and 401k's do.
 
First of all, who is the The Great Satan?

IRA's don't take fees, mutual funds and 401k's do.
I was under the impression that they require a certain percentage to 'buy-in'. Is this not the case?

The Great Satan is an older person.
 
No, you can open an eTrade IRA with $500 and it will never incur a fee.

Fees get charged for trades, and if you buy a mutual fund they skim. For trades no commission is taken, but if you trade frequently enough Interactive Brokers is the way to go.
 
No, you can open an eTrade IRA with $500 and it will never incur a fee.

Fees get charged for trades, and if you buy a mutual fund they skim. For trades no commission is taken, but if you trade frequently enough Interactive Brokers is the way to go.

The money's already with The Great Satan's bank. We've got to decide where to put it and have been told that it has to go into a traditional IRA or else its going to get taxed.
 
Um, the conventional wisdom is to take a Roth IRA, as the expectation is that upfront current tax rates will be lower than anticipated future rates.
Regardless, if you've got a couple decades to sit out volatility, go precious metals. If you want the possibility of evading taxation ad infinitum, stockpile silver coins. Silver's at a low now and the per ounce price is low enough to dodge mandatory reporting.
https://www.goldiras.com/
 
Well, just pick a provider and make the initial deposit. Etrade, Scottrade, Fidelity, Schwab, their all similar, some charge less than others for trades. None will charge any monthly fee or % I am aware of.

The tax part is true. I believe you are limited to $5000 unless its roller over from another IRA or 401k.
 
Um, the conventional wisdom is to take a Roth IRA, as the expectation is that upfront current tax rates will be lower than anticipated future rates.
Regardless, if you've got a couple decades to sit out volatility, go precious metals.
https://www.goldiras.com/

There is no evidence to prove that. Having that money non-taxed gives you a much bigger base to compound with. If you have enough free $, do both.

Precious metals should be a % of your portfolio. Mainly gold and platinum IMO. The GLD is a good gold ETF.
 
Its from a 403B, so I believe that's considered a rollover.

I don't they The Great Satan wants metals. Something like good strong index fund with low initial fee.
 
Vanguard has the lowest fees.

https://www.vanguard.com/

Yes, a 403B can be rolled into an IRA.

I'd leave the money in cash until Oct/Nov, I think there is a significant correction on the way. Next quarter earning are not looking strong.
 

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