05-04-2014, 08:52 PM
Thanks guys for the encouragement and suggestions!
Thankfully, I can get 8-9 solid dividend stocks, so that'll work for the time being.
That sure is some powerful stuff. It'll feel great to not have to worry about paying annual fees!
Thankfully, I can get 8-9 solid dividend stocks, so that'll work for the time being.
(05-04-2014, 06:39 PM)Dividend Watcher Wrote: Another strategy would save save up 3-4 months investment capital and then buy one company. Yes, you'll lose couple months of possible compounding and the return on cash stinks but in the long run, you won't even notice. Same with the high fees. Sure, it would be about 1.4% give or take a couple hundred basis points but again, in the long run, it will average out a lot lower if you hold for the long term. No, the transaction fees will NOT eat you alive on a one-time transaction and you hold for the long term. Paying a 5% load or 0.5% management fee for the rest of your long life will. Why the recurring fees hurt is because as your account value gets bigger, so does the actual fee you pay. Don't cut off your nose to spite your face.
That sure is some powerful stuff. It'll feel great to not have to worry about paying annual fees!