Earlier today I was plagued with unanswered questions
I didn't ask:
Whether this was a load or no load fund (which I suspect out of both, it will be the one with the highest fees.. commissions first!)
A prospectus of this amazing moderate portfolio
The names of the fund managers (so I can check up on them using the trusty ol' comp)
Morningstar rating & symbol name (i'm supposed to get the info in the mail)
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I got a call from the broker and he gave me this info....
1. My bank doesn't do no loads.. they do back end loads which starts with 5% and after five years it goes down to 1%
2. I have a B class.. moderate. So I can find the prospectus by doing a search.
3. The rating on my fund is two stars but since i'll be in the fund for a while (at least 30 yrs)... it doesnt matter much?
All my completed forms are going to be sent in the mail so I can have a hard copy. Hopefully I've done the right thing...
The IRA dilemma.. conflict solved!
March 8th, 2005 at 03:44 pm