Scottrade No load no transaction fee mutual fund

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Scottrade No load no transaction fee mutual fund

Postby ao0680 » Tue Jan 29, 2013 7:08 pm

Can anyone suggest "no load", "no transaction fee" mutual fund to buy from Scottrade? I would like to invest $3K. Thanks
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Re: Scottrade No load no transaction fee mutual fund

Postby livesoft » Tue Jan 29, 2013 8:23 pm

Transfer to another broker where there are plenty of these funds. For example, Schwab has lots of NTF index funds with low expense ratios and low initial minimums. Vanguard has some, too.

Ditch Scottrade now while it is easy.
It's all about short-term opportunistic rebalancing due to a short-term change in one's asset allocation, uh, I mean opportunistic rebalancing, uh I mean rebalancing, uh I mean market timing.
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Re: Scottrade No load no transaction fee mutual fund

Postby Johm221122 » Tue Jan 29, 2013 10:14 pm

ao0680 wrote:Can anyone suggest "no load", "no transaction fee" mutual fund to buy from Scottrade? I would like to invest $3K. Thanks

Asking portfolio question
viewtopic.php?t=6212
This will get you best answer or getting started
http://www.bogleheads.org/wiki/Getting_Started
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Re: Scottrade No load no transaction fee mutual fund

Postby ao0680 » Wed Jan 30, 2013 11:00 am

Thank you livesoft for the advice but if I must use Scottrade, are there any options?

John, thank you for the links, I’m going thru those and preparing for the big question “Protfolio question” but meantime I wanted to find out if I can buy any NTF and NL funds via Scottrade.
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Re: Scottrade No load no transaction fee mutual fund

Postby Toons » Wed Jan 30, 2013 11:14 am

ao0680 wrote:Thank you livesoft for the advice but if I must use Scottrade, are there any options?

John, thank you for the links, I’m going thru those and preparing for the big question “Protfolio question” but meantime I wanted to find out if I can buy any NTF and NL funds via Scottrade.


You can go to Scott website and search for no load ntf funds with their mutual fund
screener
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
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Re: Scottrade No load no transaction fee mutual fund

Postby wesleymouch » Wed Jan 30, 2013 11:31 am

I have not bought a mutual fund but in their mutual fund screener they have a large number of Vanguard funds available including total stock market, etc. Alternatively you can buy an ETF that covers what you want to invest in such as VTI for total stock market. I have been very happy with Scottrade.
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Re: Scottrade No load no transaction fee mutual fund

Postby hlfo718 » Wed Jan 30, 2013 12:25 pm

You are better off buying etf since they don't offer many index funds or low cost funds. Or pay $17 to get yourself a vanguard fund if you want mutual fund only. My nephew has an S&P index fund through them but the exp ratio is around 0.30%.
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Re: Scottrade No load no transaction fee mutual fund

Postby ao0680 » Wed Jan 30, 2013 4:41 pm

Thanks for great advise everyone, I have to look up ETF’s they offer.
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Re: Scottrade No load no transaction fee mutual fund

Postby Default User BR » Wed Jan 30, 2013 7:26 pm

ao0680 wrote:Thanks for great advise everyone, I have to look up ETF’s they offer.

They will have any ETF, but you'll pay a transaction fee ($7). Cheaper than a non-NTF mutual fund, though. Remember that NTF funds will usually make you pay some other way, like 12b-1 fees.


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