I recently sought the advice of a fee only investment planner to help me make some decisions regarding my savings. She had recommended funds, some of which required me to convert my Roth IRA from a Mutual Fund to a few ETF's.
I am holding this Roth IRA with Fidelity and had previously been automatically funding it's mutual fund directly every month.
The question I now have, is that because I can't automatically fund stocks and ETFs monthly, am I going to have to manually trade for stocks every month? The 3 funds the planner recommended would garner $15 in commission each month, resulting in around $180 of commission a year, which seems awfully high.
Is it smarter to then make a trade for the funds I want once a year, or quarterly, in order to reduce the amount of commission paid? Essentially putting aside all of my Roth savings and then buying into the funds at a less frequent interval, or is the whole point to be purchasing into these funds ASAP?
Submitted April 07, 2017 at 10:05AM by honknwave http://ift.tt/2p9ACJc
