What would be a good investment company to do business with?

Question

I am 36 years old. I am single and I have no children. I want to start saving for my retirement. I have opened one CD account, now I would like to have more baskets to carry my eggs. Should I try Edward Jones? Vangaurd? or T Rowe? I guess I should stay away from Fannie Mae or Freddie Mac. Bear Stearnes doesn't sound to stable either. I would like to retire around the age of 50-55 years of age. I don't spend any money unless I really need to. I live in a travel trailer and I own my truck I don't have any payments perse. Just trying to do the wise thing.

Answer 1

Stay away from Edward Jones. They will sell you loaded mutual funds where you pay an extra 5-6% fee for investing.



Invest in low cost, well diversified no load mutual funds. I would suggest using either the Vanguard or Fidelity Spartan Index funds.



Read this (check your local library). Its simple, short and will tell you exactly what to do and what NOT to do in plain English: http://www.amazon.com/Random-Walk-Guide-Investing-Financial/dp/0393058549

Answer 2

1

Answer 3

Vanguard & T Rowe Price just sell & manage funds. Fannie Mae & Freddie Mac are stocks, not investment brokers.



Edward Jones are an "Investment Advisor", and might be the ideal choice for someone who sounds a little "lost"...



Good luck!

Answer 4

2

Answer 5

Bank of America has all those services right at the bank. It's much easier with your accounts too. They're a large bank but they make you feel like a hometown bank customer. They're very nice.

Answer 6

Start off by getting the best investment timing advice you can get.



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Answer 7

I use Schwab. They offer just about every type of securities product, have low fees and great customer service.

Answer 8

If you are willing to do the homework, I like Scottrade



By the way, regardless even if you use Vanguard, you should learn to do your homework