General question about my Roth IRA

[moondogg]

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It's just a bit worrisome that you may pick a fund that is a dog for the first year.


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I'm sure you've heard this before, whether the fund is a dog in the first year should not be at all worrysome.

If your investment horizon is several decades and the fund is very diversified (since it's the one fund you can invest in the first year), the first year performance is a pretty insignificant short-term result.

[Cubswin]

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What do you see in Fidelity?

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My 401k was done through Fidelity so it was pretty convenient to have my other account there as well. Plus there were some other perks including:

1) Lots of United miles for setting up a brokerage account and a $100 bonus for an additional 10k depsoit Fatwallet link (im not actively trading stocks so the slightly higher commission doesnt matter to me)

2) No annual fee for brokerage accounts.

3) .1 expense ratio of index funds.

4) Money market account earning better than 5%.

5) Checking accounts available.

6) 1.5% rewards credit card Link

7) Yodlee account aggregation for free.

8) Low expense ratio on a lot of no-load funds

9) It's convenient to have your assets at one site.

10) Customer service cant be beat. Try calling their 1-800 number and see how long it takes for a live person to get on the phone. Plus, there are also B&M operations in most bigger cities should you ever need them.