What are the pros/cons of opening an account with mutual fund vs brokerage firm? - coverdell esa vs 529
I think that opening a Coverdell ESA for my son. From this link:
http://www.savingforcollege.com/coverdel ...
I have several options. I reduced the Vanguard and TD Ameritrade. Can anyone tell me what are the pros and cons of each would be? This was would cost more?
Saturday, January 30, 2010
Coverdell Esa Vs 529 What Are The Pros/cons Of Opening An Account With Mutual Fund Vs Brokerage Firm?
2 comments:
TD Ameritrade, you can go to some mutual funds without a brokerage commission, but no Vanguard funds without a commission. Vanguard expense ratios very low, but you must pay an annual fee if the account balance is below $ 10,000. If the fee is included in the expense ratio is almost the same as the other means, more or less. You can also exchange traded funds at TD Ameritrade each for $ 10.00. Your options with a brokerage firm are higher, but you may not want all these options. The more options that you tend to be more confusing. I have an account with TD Ameritrade and inside, I bought two open-end funds and the exchange of different exchange-traded funds.
IN faithful. i can buy in the fidelity and sell Fidelity mutual funds charge. .... with Amer TD, I would have to pay a commission. I think it's the same thing in vangaurd
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