Who do you have a Roth IRA account with?

[Reckoner]

Vanguard Target Retirement 2045

 

[AtlantaBob]

Originally posted by: thirtythree

Originally posted by: blipblop
Currently 21 years old and I have my ROTH IRA with Vanguard. I have a mix of small cap, emerging markets, and their index 500.

How much money do you have in there? Don't you have to pay $10/yr for each fund under 5k and each index fund under 10k?

I believe that you have to do that, however, if you talk to them ahead of time, you can get them to bill you for that amount -- i.e. not take it out of your $4K contribution.

 

[Baked]

T Rowe Price.

 

[Orsorum]

I use USAA for my Roth IRA account. As for what I invest in, I'm leaving it in cash until I get a second year of a full year's contribution before I put most of it into VFINX (although VTIVX looks interesting...).

 

[akshatp]

Fidelity

 

[alrocky]

Originally posted by: bennylong
Historically, index funds like S&P500 have returned over 10%. I knew a lot of people that bailed out of the S&P500 index after it lost 40% in one year, I just kept putting in more money. Look at it now.

Chasing the "hot" funds like Emerging Market where they have returned over 60% a year is a money loser. Don't forget the internet bubble.

40%? Looking at the TSP C Fund as proxy for the S&P500, over the last 18 year it's had 4 negative years and the most it's lost is 22%

VFINX's cumulative 5 and 10 year returns are 41% and 127%, whereas VEIEX's returns are 231% & 127%.

VEIEX was up 62% in 1999, dropped the next 3 years and 2003-2006 returned 58%, 26%, 32%, and YTD 22%. It's been "hot" for 4 years. Nevertheless it should only comprise 5-10% of one's portfolio.