Thanks to this sub (among others), I recently started paying attention to my investment choices in both my current employer's 401k, and now my taxable brokerage account.
However, I never accounted for an IRA that I had with a small sum of $985. It was rolled over from wells fargo to a Total IRA account, and that Total IRA account was fleecing me with a $35 annual fee, agreed upon by my former company. The IRA was wholly invested in a guaranteed fixed income fund that yielded 1.5% a year. Today, I'm submitting the paperwork to transfer that IRA to my current brokerage, which of course, is another $30 fee.
That leaves me with an initial investment of 984.79, and an end balance (after brokerage transfer fee) of $906, after a whopping $100 in fees. I should've probably escaped last year, when it would've only been a $65 fee, but hey, it was a lesson learned.
I was mostly a lurker before, but I wanted to make a shout out to you guys, and a sincere thank you for helping me keep track and learn about investing at a pretty early age (23yo).
Submitted February 02, 2017 at 07:15PM by cooolkid http://ift.tt/2k1xcGh
