A Comparison of FSAGX, FRESX and FSMAX Returns
After yesterday’s post and joe’s comment, we thought we were probably missing something. So we went and looked at the annual return on the three mutual funds we were considering to buy – FSAGX (Fidelity Select Gold), FRESX(Fidelity Real Estate Investment) and FSMAX(Fidelity Spartan 500 Index Advantage).
Are we missing something here if we still want to pick FSAGX for our investment? Are we overlooking a basic flaw in our judgement?
Opening a Traditional IRA
We did our taxes this weekend. We will be receiving a federal refund, but we owe money to the state. If we open a traditional IRA, the money owed would be equal to the refund.
First of all, we thought we will not qualify to open IRA. But since I do not have a 401k through my employer, it happens so that I am eligible to fund a traditional IRA. This link here provides how things are different based on whether you or your spouse participates in a retirement plan at work.
So we have decided that we will be opening a traditional IRA for tax year 2007 and would invest the money in an Index fund.
The question we are facing right now is where should we open the IRA. We have relationships with Bank of America. But we are not sure if they are our best option. We will be investing only in no-load NTF mutual funds. According to this comparison at zecco.com, Etrade, TD Ameritrade and Scotttrade have free no load mutual funds. If in the future we want to buy company stocks or etfs, scotttrade provides the lowest fee. They also have physical office locations in our city. So I am leaning towards Scotttrade. Am I overlooking something? Is there a better option?
Mutual Funds – by marketwatch.com
From time to time, I will be posting links to articles I read on investing. Here is my first one…
